Buch, Englisch, 242 Seiten, Format (B × H): 150 mm x 236 mm, Gewicht: 499 g
Implications of the New Regulatory Order
Buch, Englisch, 242 Seiten, Format (B × H): 150 mm x 236 mm, Gewicht: 499 g
Reihe: Pension Research Council Series
ISBN: 978-0-19-878737-2
Verlag: Sinauer Associates Is an Imprint of Oxford University Press
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.