LEADER 05659nam 2200709 a 450 001 9910454046603321 005 20200520144314.0 010 $a1-281-38577-8 010 $a9786611385774 010 $a0-8213-7494-X 035 $a(CKB)1000000000534545 035 $a(EBL)459358 035 $a(OCoLC)560665213 035 $a(SSID)ssj0000089346 035 $a(PQKBManifestationID)11983422 035 $a(PQKBTitleCode)TC0000089346 035 $a(PQKBWorkID)10088956 035 $a(PQKB)10863572 035 $a(MiAaPQ)EBC459358 035 $a(Au-PeEL)EBL459358 035 $a(CaPaEBR)ebr10231586 035 $a(CaONFJC)MIL138577 035 $a(EXLCZ)991000000000534545 100 $a20080131d2008 uy 0 101 0 $aeng 135 $aurcn||||||||| 181 $ctxt 182 $cc 183 $acr 200 00$aRisk-based supervision of pension funds$b[electronic resource] $eemerging practices and challenges /$fGreg Brunner, Richard Hinz, Roberto Rocha, editors 210 $aWashington D.C. $cWorld Bank$dc2008 215 $a1 online resource (238 p.) 225 1 $aDirections in development. Finance 300 $aDescription based upon print version of record. 311 $a0-8213-7493-1 320 $aIncludes bibliographical references and index. 327 $aContents; 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 Requirements 327 $aTable 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 Portfolio 327 $aFigure 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 FIRM 327 $aTable 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 Assets 327 $aTable 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 Rates 327 $aChapter 4 Risk-Based Supervision of Pension Funds in Australia 330 $aRisk-Based Supervision of Pension Funds provides a review of the design and experience of risk-based pension fund supervision in countries that have been leaders in the development of these methods. The utilization of risk-based methods originates primarily in the supervision of banks. In recent years it has increasingly been extended to other types of financial intermediaries, including pension funds and insurers. The trend toward risk-based supervision of pensions reflects an increasing focus on risk management in both banking and insurance based on three key elements: capital requirements, 410 0$aDirections in development (Washington, D.C.).$pFinance. 606 $aPension trusts$vCross-cultural studies 606 $aPension trusts$xManagement$vCross-cultural studies 606 $aRisk 608 $aElectronic books. 615 0$aPension trusts 615 0$aPension trusts$xManagement 615 0$aRisk. 676 $a331.25/20681 701 $aRocha$b Roberto Rezende$0611838 701 $aBrunner$b Greg$f1957-$0912133 701 $aHinz$b Richard P$0297459 801 0$bMiAaPQ 801 1$bMiAaPQ 801 2$bMiAaPQ 906 $aBOOK 912 $a9910454046603321 996 $aRisk-based supervision of pension funds$92042426 997 $aUNINA