Risk-Based Supervision of Pension Funds : A Review of International Experience and Preliminary Assessment of the First Outcomes

This paper provides a review of the design and experience of risk-based pension fund supervision in several countries that have been leaders in the development of these methods. The utilization of risk-based methods originates primarily in the supe...

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Bibliographic Details
Main Authors:	Brunner, Gregory, Hinz, Richard, Rocha, Roberto
Format:	Policy Research Working Paper
Language:	English
Published:	World Bank, Washington, DC 2012
Subjects:	ACCOUNTING ACCOUNTING STANDARDS ACCURATE INFORMATION ADVERSE PRICE MOVEMENTS ASSESSMENT OF RISK ASSET ALLOCATION ASSET BASE ASSET CLASS ASSET CLASSES ASSET LIABILITY MATCHING ASSET PRICES ASSET-LIABILITY MANAGEMENT ASSET-LIABILITY MISMATCHES BALANCE SHEET BALANCE SHEETS BANKING SYSTEM BASIS POINT BENEFICIARIES BOND BOND PORTFOLIO BUSINESS PLAN CALCULATION CALL OPTIONS CAPITAL ADEQUACY CAPITAL ALLOCATION CAPITAL REQUIREMENT CAPITAL REQUIREMENTS CENTRAL BANK CONTRIBUTION CONTRIBUTION ARRANGEMENTS CONTRIBUTION SYSTEM CONTRIBUTIONS CORPORATE BONDS CORPORATE GOVERNANCE CREDIT RISK CREDIT RISKS CREDIT STANDING CRISIS MANAGEMENT CURRENCY DEFERRED COMPENSATION DEPOSITS DERIVATIVES DISCLOSURE REQUIREMENTS DISCOUNT RATE DIVERSIFICATION DOMESTIC BONDS DOMESTIC EQUITIES DOMESTIC EQUITY EFFICIENT INVESTMENT EQUITIES EQUITY INVESTMENTS EQUITY MARKET EQUITY RETURNS EURO MARKET FAIR VALUATION FINANCIAL CRISIS FINANCIAL INDUSTRY FINANCIAL INSTITUTION FINANCIAL INSTITUTIONS FINANCIAL INSTRUMENTS FINANCIAL INTERMEDIARIES FINANCIAL POLICY FINANCIAL POSITION FINANCIAL RISK FINANCIAL RISKS FINANCIAL SECTOR FINANCIAL SERVICE FINANCIAL SERVICE PROVIDERS FINANCIAL SERVICES FINANCIAL STABILITY FINANCIAL STATEMENTS FINANCIAL SYSTEM FINANCIAL SYSTEMS FIXED INCOME FIXED INCOME INVESTMENTS FIXED INCOME PORTFOLIO FIXED INCOME PORTFOLIOS FOREIGN CURRENCY FOREIGN EQUITIES FOREIGN EQUITY FUND MANAGERS FUND PERFORMANCE GOVERNMENT BONDS GOVERNMENT SECURITIES HOLDINGS INCOME INSTRUMENTS INDIVIDUAL ACCOUNTS INFORMATION SYSTEMS INFORMED DECISIONS INSTITUTIONAL INVESTORS INSURANCE INSURANCE COMPANIES INSURANCE INDUSTRY INTEREST RATE INTEREST RATE RISK INTEREST RATE RISKS INTEREST RATE SWAPS INTEREST RATES INTERNAL AUDITS INTERNATIONAL BANK INVESTING INVESTMENT PATTERNS INVESTMENT POLICIES INVESTMENT REGIME INVESTMENT RISK INVESTMENT STRATEGIES LABOR FORCE LEGAL OBLIGATION LIABILITY LIFE INSURANCE LIFE INSURANCE COMPANIES LIQUID ASSETS LIQUIDITY LONG-TERM INTEREST LONG-TERM INTEREST RATE MARGIN REQUIREMENTS MARKET ANALYSIS MARKET ANALYSTS MARKET COMPETITION MARKET CONDITIONS MARKET DEVELOPMENT MARKET DEVELOPMENTS MARKET DISCIPLINE MARKET LIQUIDITY MARKET PARTICIPANTS MARKET RISK MARKET VALUE MARKET VALUES MARKET YIELD MATURITY MINIMUM CAPITAL REQUIREMENT MINIMUM CAPITAL REQUIREMENTS MORTGAGE MORTGAGE BONDS MORTGAGE LOANS MORTGAGES OCCUPATIONAL FUNDS OLDER WORKERS OTHER ASSETS PARENT COMPANIES PENSION PENSION COMPANIES PENSION FUND PENSION FUND SUPERVISION PENSION FUNDS PENSION PLAN PENSION PROVIDERS PENSION SCHEMES PENSION SYSTEM PENSION SYSTEMS PENSIONERS PENSIONS PERFORMANCE MEASUREMENT PORTFOLIO PORTFOLIOS PRIVATE LOANS PRIVATE PENSION PRIVATE PENSION FUNDS PRIVATE PENSION PLANS PROBABILITY PUBLIC DEBT PUBLIC DEBT STOCK PUBLIC SECTOR BONDS RATE OF RETURN RATE OF RETURNS RATES OF RETURN REAL ESTATE REGULATORY AUTHORITY REGULATORY FRAMEWORK REGULATORY STANDARDS RESPONSIBILITIES RETIREMENT RETIREMENT BENEFITS RETIREMENT INCOME RETIREMENT SAVINGS RETURN RISK ASSESSMENT RISK ASSESSMENT PROCESS RISK CAPITAL RISK CONTROL RISK CONTROLS RISK EXPOSURE RISK EXPOSURES RISK FACTOR RISK FACTORS RISK MANAGEMENT RISK MANAGEMENT STRATEGIES RISK MANAGEMENT SYSTEM RISK MANAGEMENT SYSTEMS RISK PROFILE RISK SCORE RISK SCORES SENIOR SMALLER FUNDS SOCIAL INSURANCE SOCIAL INSURANCE SYSTEMS SOLVENCY STAKEHOLDERS SUPERVISION OF BANKS SUPERVISION OF PENSION FUNDS SUPERVISORY AGENCIES SUPERVISORY AGENCY SUPERVISORY AUTHORITY SWAP SWAP CURVE TAX TAX LAWS TRADITIONAL FINANCIAL INSTITUTIONS TRANSPARENCY TRUSTEE TRUSTEES USE OF DERIVATIVES VALUATION VARIABLE RATE WITHDRAWAL YIELD CURVE
Online Access:	http://documents.worldbank.org/curated/en/2008/01/8968875/risk-based-supervision-pension-funds-review-international-experience-preliminary-assessment-first-outcomes http://hdl.handle.net/10986/6474

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http://documents.worldbank.org/curated/en/2008/01/8968875/risk-based-supervision-pension-funds-review-international-experience-preliminary-assessment-first-outcomes
http://hdl.handle.net/10986/6474

Risk-Based Supervision of Pension Funds : A Review of International Experience and Preliminary Assessment of the First Outcomes

Internet

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