05659nam 2200709 a 450 991045404660332120200520144314.01-281-38577-897866113857740-8213-7494-X(CKB)1000000000534545(EBL)459358(OCoLC)560665213(SSID)ssj0000089346(PQKBManifestationID)11983422(PQKBTitleCode)TC0000089346(PQKBWorkID)10088956(PQKB)10863572(MiAaPQ)EBC459358(Au-PeEL)EBL459358(CaPaEBR)ebr10231586(CaONFJC)MIL138577(EXLCZ)99100000000053454520080131d2008 uy 0engurcn|||||||||txtccrRisk-based supervision of pension funds[electronic resource] emerging practices and challenges /Greg Brunner, Richard Hinz, Roberto Rocha, editorsWashington D.C. World Bankc20081 online resource (238 p.)Directions in development. FinanceDescription based upon print version of record.0-8213-7493-1 Includes bibliographical references and index.Contents; Preface; Acknowledgments; Contributors; Abbreviations and Acronyms; Chapter 1 Risk-Based Supervision of Pensions: The Experience of Early Adopters; Table 1.1 The Three Pillars of Basel II; Figure 1.1 The Basic Risk Management Architecture; Table 1.2 Main Characteristics of the Four Private Pension Systems, December 2005; Table 1.3 Factors Motivating the Adoption of Risk-Based Supervision; Table 1.4 Main Components of Risk-Based Supervision in the Four Countries; Table 1.5 Regulatory Requirements on the Risk Management Architecture; Table 1.6 Risk-Based Solvency RequirementsTable 1.7 Risk-Scoring Methods Table 1.8 Roles of Market Discipline, Third Parties, and Disclosure; Table 1.9 Asset Allocation of Dutch Pension Funds, 2001-05; Figure 1.2 Distribution of the Duration of Dutch Pension Fund Fixed-Income Investments; Figure 1.3 Asset Composition in Danish Pension Companies, 1999-2004; Table 1.10 Changes in the Asset Allocation of Life Companies and Pension Funds; Table 1.11 Simulation Results of Change in Interest Rates; Figure 1.4 Maturity of the Public Debt Stock and Government Securities in the Riskier PortfolioFigure 1.5 Shifts in the Efficient Frontier and Actual Risk-Return Combinations Table 1.12 Average Composition of the Aggressive Pension Portfolio in Mexico; Figure 1.6 Basic and Aggressive Portfolios: VaR Limits and Actual VaRs, 2005-06; Chapter 2 Risk-Based Supervision of Pension Funds in the Netherlands; Figure 2.1 Asset Allocation of Pension Funds in the Netherlands, 1980-2005; Figure 2.2 Funding Ratio of Pension Funds in the Netherlands, 1988-2006; Figure 2.3 The Basic Concept of Solvency II; Figure 2.4 Overall Schematic of FIRM; Table 2.1 Elements of Risk Controls in FIRMTable 2.2 Elements of Risk-Transcending Controls in FIRM Table 2.3 Risk-Mitigating Group Functions in FIRM; Figure 2.5 Aggregation of Scores in FIRM; Figure 2.6 Accumulation of Scores; Figure 2.7 Forecast of Male Life Expectancy in the Netherlands; Table 2.4 Interest Factors; Figure 2.8 Recovery Periods; Table 2.5 Contributions and Membership in Dutch Pension Plans, 2001-05; Table 2.6 Asset Allocation of Dutch Pension Funds, 2001-05; Figure 2.9 Distribution of the Duration of Fixed-Income Investments; Chapter 3 Risk-Based Supervision of Pension Institutions in Denmark; Table 3.1 Pension AssetsTable 3.2 Pension Contributions Figure 3.1 Asset Allocation; Table 3.3 Investment Returns of Pension Institutions, 1999-2004; Figure 3.2 10-Year Government Bond Yields and Guaranteed Interest Rates; Figure 3.3 Regulatory Structure; Figure 3.4 Staff of the Danish FSA (full-time employees); Table 3.4 Interest Rate Risk; Table 3.5 Change in Asset Allocation by ATP; Figure 3.5 Asset Composition in Danish Pension Companies; Table 3.6 Change in Asset Allocation of Life Companies and Pension Funds; Table 3.7 Simulation Results of Change in Interest RatesChapter 4 Risk-Based Supervision of Pension Funds in AustraliaRisk-Based Supervision of Pension Funds provides a review of the design and experience of risk-based pension fund supervision in countries that have been leaders in the development of these methods. The utilization of risk-based methods originates primarily in the supervision of banks. In recent years it has increasingly been extended to other types of financial intermediaries, including pension funds and insurers. The trend toward risk-based supervision of pensions reflects an increasing focus on risk management in both banking and insurance based on three key elements: capital requirements,Directions in development (Washington, D.C.).Finance.Pension trustsCross-cultural studiesPension trustsManagementCross-cultural studiesRiskElectronic books.Pension trustsPension trustsManagementRisk.331.25/20681Rocha Roberto Rezende611838Brunner Greg1957-912133Hinz Richard P297459MiAaPQMiAaPQMiAaPQBOOK9910454046603321Risk-based supervision of pension funds2042426UNINA