Brazil : Risk-based Supervision of Brazilian Closed Pension Funds
This report provides a comprehensive description of the full process for supporting the new supervisory authority for closed pension funds in Brazil, The National Superintendence for Pension Funds, supervisor of the closed pension fund system in Br...
| Main Author: | |
|---|---|
| Format: | Other Financial Sector Study |
| Language: | English en_US |
| Published: |
Washington, DC
2013
|
| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/2012/06/17456818/brazil-risk-based-supervision-rbs-brazilian-closed-pension-funds http://hdl.handle.net/10986/13221 |
| Summary: | This report provides a comprehensive
description of the full process for supporting the new
supervisory authority for closed pension funds in Brazil,
The National Superintendence for Pension Funds, supervisor
of the closed pension fund system in Brazil, or PREVIC, in
particular through the development of a revised approach to
the risk-based supervision of closed pension funds. This
report documents the first-funded World Bank project which,
in conjunction with PREVIC, the supervisor of the closed
pension fund system in Brazil (established in January 2010),
has sought to provide guidance to implement a risk based
supervision (RBS) appropriate to Brazilian environment,
drawing on international experience. The project ran from
January 2010 to March 2012. The key outputs of the project
were specified as: i) an assessment of the strengths and
weaknesses of the current supervisory benchmarking against
best practices in RBS around the world; ii) a roadmap for
the implementation of RBS under the circumstances prevailing
in the industry; iii) proposals for regulations on selected
critical elements for the implementation of RBS framework;
and iv) training to supervisors and senior executives of
closed pension funds about the main challenges of
introducing RBS. |
|---|