El sistema financiero esta siendo objeto de un importante ajuste regulatorio que se ha incrementado gradualmente en los ultimos cinco años. Solvencia II y Basilea III son dos de las iniciativas globales mas relevantes que tratan de reformular el escenario futuro de las finanzas. Bajo este...

La senda de crecimiento de la economia peruana en las ultimas decadas ha venido aparejada del crecimiento del sistema financiero; ello sin embargo no se ha trasladado en una mayor penetracion respecto al PIB, el mismo que se encuentra alrededor del 30%, y que se compara inferior con otros paises...

Despite the fact that China is already one of the most important economies in the world, the country has many big tasks to solve, being one of them the implementation of a comprehensive social agenda, including those related with the old-age stage and the consequently diminishing financial...

The reform of the pension system of the Mexican Social Security Institute (IMSS) in 1997, limited the growing fiscal cost of the previous pay-as-you-go scheme. Sixteen years on from its creation, the Retirement Savings System (SAR) has had favourable macroeconomic effects for Mexico, as it has...

El incremento del riesgo de longevidad viene imponiendo retos importantes en las economias. Las industrias como la de seguros y pensiones, que se encuentran mas directamente relacionadas a la gestion de los riesgos de vejez, han venido experimentando desde hace varios anos efectos directos, lo...

The increase in longevity risk is leading to serious challenges for economies. Industries such as insurance and pensions, which are most closely related to the management of the risks of an aging population, have for a number of years experienced direct effects of this kind. To counterbalance...

Los bajos niveles de bancarizacion de la poblacion mexicana, en comparacion con otros paises de Latinoamerica, plantean el reto de incrementar la oferta de servicios financieros hacia nuevos mercados, a traves del uso de avances tecnologicos y canales innovadores. Los telefonos moviles son...

The financial system is undergoing an important regulatory overhaul, gradually increased during the last five years. Solvency II and Basel III are two of the most relevant global initiatives that try to reformulate the future landscape for finance. Under this scenario the Insurance and Pensions...

The low levels of banking penetration in the Mexican population, as compared to other Latin American countries, present the challenge of increasing the range of financial services towards new markets through the use of technological advances and innovative channels. Mobile phones are an...

Reverse mortgages have been established as an alternative for generating liquid flows of income during retirement in some developed countries. Given that the risks associated with lower income during old age are usually covered by a wide range of sources of funding, this paper analyses the...