Financial Markets, Insurance and Pensions

News & Events

 

News

OECD and IOPS invite comments on draft Good Practices for Pension Funds’ Risk Management Systems

05-Jul-2010

OECD and IOPS invite public comment on these draft good practices which aim to outline the main features of risk management systems employed by pension funds. The deadline for comment is 3 September 2010.

Retirement income may become a “lottery” unless default strategies are carefully designed

07-Jun-2010

This Working Paper, Assessing Default Investment Strategies in Defined Contribution Pension Plans, finds that future retirees can expect dramatic fluctuations in fortunes between members of a cohort unless they adopt investment strategies that reduce the impact of market shocks. Similar strategies should also become the default for individuals who make no active investment choice.

Thinking beyond Basel III - Avoiding another financial crisis

26-May-2010

Basel III proposes financial reforms regarding capital and liquidity requirements which aim to strengthen the banking sector and help to avoid crisis in the future. This article analyses the strengths and weaknesses of the Basel III proposals, draws implications for the financial reform process and proposes further necessary solutions.

2009 Survey of Investment Regulation of Pension Funds

25-Feb-2010

This survey describes quantitative investment regulations on pension funds in OECD and selected non-OECD countries as of end December 2009. The information collected concerns all forms of quantitative portfolio restrictions (minima and maxima) applied to autonomous pension funds in OECD countries at different legal levels (law, regulation, industry norms, etc).

OECD supports the Spanish government’s pension reform proposal

02-Feb-2010

The Spanish government announced on Friday 29th of January, its intention of postponing the retirement age from 65 to 67 and to increase the number of contribution years  used to calculate pension benefits. The OECD believes that these measures are important steps in the right direction. (Leer en espanol)

La OCDE apoya la reciente propuesta gubernamental para reformar el sistema de pensiones

02-Feb-2010

El gobierno español anunció el viernes pasado su intención de elevar la edad oficial de jubilación de 65 a 67 años, y de aumentar el numero de años necesario para calcular la pensión. La OCDE considera muy positivas dichas medidas.

The elephant in the room: The need to deal with what banks do

08-Jan-2010

Banks need to properly address contagion risk and counterparty failure that have been the main hallmarks of the current crisis. This article outlines the reforms essential to dealing with contagion and counterparty risk, as well as emphasising the need for transparent and comparable accounting rules and improvements in corporate governance.

Responding to the crisis: OECD governments are coping with exploding borrowing needs

07-Jan-2010

Most OECD governments are facing a surge in budget deficits, borrowing needs and debt. A new article (The Surge in Borrowing Needs of OECD Governments ) projects that gross borrowing needs of OECD governments are expected to reach around  USD 16 trillion in 2009 and 2010. An accompanying article (Changes in OECD Primary Market Procedures and Portfolio Risk Management ) shows that tougher issuance conditions prompted debt management offices to review existing issuance procedures and the use of indicators relating to the key risks of the maturity structure.

Journal of Pension Economics and Finance enters new phase

08-Dec-2009

The Journal of Pension Economics and Finance (JPEF), the only academic journal focusing on the economics and finance of pensions and retirement income programs, announces a new editorial structure and a broadening of its mission effective January 2010. Since 2002, the JPEF has provided an invaluable and influential forum for original research and international policy debate in the pensions area.

OECD sets out framework for overhaul of financial regulation

03-Dec-2009

The OECD has established a set of key principles to guide financial policy makers as they look to fundamental reform that will achieve strong, resilient financial systems that play their part in driving economic growth. 


Events

OECD/IOPS Global Forum on Private Pensions: Mombasa, Kenya, 30-31 October 2008

from 30-Oct-2008 to 31-Oct-2008

The OECD/IOPS Global Forum addressed a wide range of issues of high relevance to national policy debate on retirement savings in both developed and emerging economies. Special attention was devoted to developments in the pension industry on the African continent.

Ninth roundtable on Capital Market Reform in Asia

from 26-Feb-2008 to 27-Feb-2008

This year’s Roundtable focuses on: Ten years after: Implications of the Current Financial Market turmoil; Enhancing Regulatory Framework; Bond Markets Development; Equity Markets Development; Roles of Capital Market in Infrastructure Financing; Corporate Governance and Capital Market Developments.

OECD/IOPS Global Forum on Private Pensions

from 14-Nov-2007 to 15-Nov-2007

Organised in Beijing, China, the OECD/IOPS Global Forum on Private Pensions covered a wide range of topics which are of importance to both countries that either have mature and developed funded pension systems and countries that have only recently undertaken pension reforms, therefore seeking to modify their existing un-sustainable retirement security arrangements. The issues are also of relevance for the current developments in the Chinese pension system.

OECD Seminar on Reforming Pension Protection Schemes

on 02-Jul-2007

This OECD seminar brought together the heads of the pension protection funds of Germany, Japan, Sweden, Switzerland, the USA and the UK for the first time to debate the role that pension protection schemes can play in protecting our retirement income, how they can operate on an economically efficient basis and how they can protect themselves from moral hazard and excessive claims.

First Conference on the Financial Management of Large-Scale Catastrophes, Hyderabad, India, 26-27 February 2007

from 26-Feb-2007 to 27-Feb-2007

Hyderabad, India, 26-27 February 2007.  This conference, organised under the auspices of the OECD International Network on the Financial Management of Large Scale Catastrophes was hosted by the Insurance Regulatory and Development Authority (IRDA) of India, with the sponsorship of the Government of Japan and the General Insurance Corporation of India.

OECD Seminar on "Pension Fund Regulation and Risk Management", Istanbul, 9 November 2006

on 09-Nov-2006

The OECD international seminar on "Pension Fund Regulation and Risk Management", sponsored by Risklab and Allianz Global Investors (AGI), was held back to back with the OECD Global Forum on Private Pension in Istanbul, Turkey on 9 November 2006.

OECD/IOPS Global Forum on Private Pensions, 7-8 November 2006, Istanbul, Turkey

from 07-Nov-2006 to 08-Nov-2006

7-8 November 2006, Istanbul, Turkey. The Forum aimed to inform and enlighten the current policy debate on major issues related to private pension reform and encouraged an exchange of experiences derived from innovative policies and programmes across the countries participating.

OECD International Network on Financial Management of Large-scale Catastrophes: Inaugural meeting

on 08-Sep-2006

The High Level Advisory Board of the OECD International Network on Financial Management of Large-Scale Catastrophes held its inaugural meeting at the OECD Headquarters (opening remarks by the OECD Secretary-General). The Network is a strategic forum for the discussion of key issues related to the financial management of large scale catastrophes at a global level, aiming to provide policymakers with state-of-the-art expertise and policy advice.

Eighth roundtable on Capital Market Reform in Asia

from 11-Oct-2006 to 12-Oct-2006

This year’s Roundtable focused on: Capital Market Reforms in Asia: Issues, Progress and Challenges; Financial Policy Landscape; Competition and Integration of Exchanges and its Implications for Regulators; Corporate Governance: Methodology for Assessment of the Implementation of the OECD Principles and Discussion of Progress; International Convergence of Accounting Standards.

OECD/IOPS Conference on Private Pensions in Latin America: 29-30 March 2006, Santiago, Chile

from 29-Mar-2006 to 30-Mar-2006

The focus was an evaluation of the private pension system in Chile and the lessons that can be drawn from Chile’s experience, for other countries. The following topics were discussed: the challenge of coverage, constraints in payout phase of pension systems, risk management in defined contribution schemes, risk based supervision, the challenge of investment choice and pension fund cost management. The conference also provided an opportunity to present the OECD best principles and practices.



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