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010 _a 2016945378
015 _aGBB6E2898
_2bnb
016 7 _a018068355
_2Uk
020 _a9780198787372
_q(hardback)
020 _a0198787375
_q(hardback)
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035 _a(OCoLC)962793043
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042 _alccopycat
049 _aTZAA
050 0 0 _aHD7105.3
_b.R475 2016
245 0 0 _aRetirement system risk management:
_bEmplications of the new regulatory order
_cEdited by Olivia S. Mitchell, Raimond Maurer, and J. Michael Orszag.
250 _a1st ed.
260 _aOxford (UK):
_bOxford University Press;
_c2016.
300 _axvii, 223 p.:
_billustrations ;
_c24 cm
490 1 _aPension Research Council series
504 _aIncludes bibliographical references and index.
505 0 0 _gList of figures --
_gList of tables --
_gNotes on contributors --
_tIntroduction: implications of the new regulatory order for retirement system risk management /
_rOlivia S. Mitchell, Raimond Maurer, and J. Michael Orszag --
_gPart 1. Global risk assessment for pensions and annuities --
_tThe new insurance supervisory landscape: implications for insurance and pensions /
_rPeter A. Fisher --
_tAccounting-based asset return smoothing in participating life annuities: implications for annuitants, insurers, and policymakers /
_rRaimond Maurer, Olivia S. Mitchell, Ralph Rogalla, and Ivonne Siegelin --
_tMark-to-market accounting for United States corporate pensions: implementation and impact /
_rJoseph Busillo, Thomas Harvey, and Bryan Hoffman --
_tRisk disclosure in the European insurance industry: implications for occupational pension funds /
_rKarel Van Hulle --
_tPensions, risk, and global systemically important financial institutions /
_rBrian Reid and Dan Waters --
_gPart 2. Developments in retirement saving and retirement products --
_tDeterminants of saving for old age around the world /
_rAsli Demirg�u�c-Kunt, Leora Klapper, and Georgios A. Panos --
_tRetirement replacement rates: what and how /
_rAndrew G. Biggs --
_tFundamentals of cost and risk that matter to pension savers and life annuitants /
_rCatherine Donnelly, Montserrat Guill�en, and Jens Perch Nielsen --
_tPension fund investment in infrastructure and global financial regulation /
_rJavier Alonso, Alfonso Arellano, and David Tuesta --
_gEnd pages --
_gIndex.
520 8 _aIn the wake of the worst financial crisis since the Great Depression, lawmakers and regulators around the world have changed the playbook for how banks and other financial institutions must manage their risks and report their activities. The US Congress passed the Dodd-Frank Wall Street Reform and Consumer Protection Act, and the European System of Financial Supervision (ESFS) is also crafting a framework to supervise regulated financial sector institutions including banks, insurers, pension funds, and asset managers. The implosion of the financial sector has also prompted calls for accounting changes from those seeking to better understand how assets and liabilities are reported. Initially banks were seen by many as the most important focus for regulatory reform, but other institutions are now attracting policymaker attention. There is logic to this in terms of managing systemic risk and ensuring a level playing field that avoids arbitrage between institutional structures. Yet the nature of pension and insurer liabilities is so different from that of bank liabilities that careful attention is needed in drafting appropriate rules. The new rules are having both direct and spill-over effects on retirement systems around the world. The first half of this volume undertakes an assessment of how global responses to the financial crisis are potentially altering how insurers, pension plan sponsors, and policymakers will manage risk in the decades to come. The second half evaluates developments in retirement saving and retirement products, to determine which and how these might help meet shortfalls in retirement provision.
650 0 _aPension trusts
_xManagement.
650 0 _aRisk management.
650 0 _aPensions.
650 2 _aRisk Management
650 2 _aPensions
650 6 _aGestion du risque.
650 6 _aPensions.
650 7 _arisk management.
_2aat
650 7 _apensions (compensation)
_2aat
650 7 _aPension trusts
_xManagement.
_2fast
650 7 _aPensions.
_2fast
650 7 _aRisk management.
_2fast
650 7 _aAltersversorgung
_2gnd
650 7 _aRisikomanagement
_2gnd
700 1 _aMitchell, Olivia S.,
_eEditor.
700 1 _aMaurer, Raimond,
_eEditor.
700 1 _aOrszag, Michael,
_eEditor.
830 0 _aPension Research Council monograph series.
856 4 1 _uhttp://www.oxfordscholarship.com/view/10.1093/acprof:oso/9780198787372.001.0001/acprof-9780198787372
942 _2lcc
_cBOOK
999 _c7532
_d7532