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The OECD has been developing a response to the crisis that is holistic, looking atfinancial market issues, and the wide variety of factors that led to damaging incentive structures, as well as the requirements for broader macro and fiscal policies. The crisis has led to a variety of emergency financial measures such as loans, guarantees, and nationalisations. For financial markets, the focus is on exit strategies that are consistent
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The principal purpose of this paper is to analyse the trade-off between the uncertainty in contributions on the one hand and benefits on the other that is embedded in different pension arrangements.
Fiona Stewart discusses the impact of the crisis on pensions funds and what needs to be done.
The IAIS-OECD issues paper on insurer corporate governance provides background on insurer corporate governance, describes practices and identifies possible regulatory and supervisory issues. Comments received were considered in the preparation of a final version of the issues paper.
What impact has the crisis had on pensions?
Who is affected?
What can be done?
2-3 March 2009, Tokyo, Japan. This event focused on the impact of the global financial crisis on Asia and the Asian response, as well as the implications of current market turmoil on stock and bond markets and unregulated entities; products and markets; financial education and awareness; regulatory efficiency and corporate governance.
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The Report examines the experience of a number of financial institutions and concludes that the financial crisis can be to an important extent attributed to failures and weaknesses in corporate governance arrangements. The risk management systems have failed in many cases due to corporate governance procedures rather than technical problems. Remuneration systems have amplified such risk management weaknesses. The responsibility for
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In this paper we review the legal framework of private pension fund regulation and supervision in economies, including Australia, Chile, Hong Kong China, Poland, Turkey, the United Kingdom and the United States.
OECD Secretary-General Angel Gurría has welcomed the decision by G7 Finance Ministers to work towards setting up a set of common principles on integrity, transparency and propriety in global financial and business transactions.
Private Pensions Outlook 2008 focuses on the implications for pensions and private pensions policy of the financial crisis, in-depth, international analyses of private pension arrangements across OECD and selected non-OECD countries, the role of pension funds and public pension reserve funds which complement the financing of social security systems.