MARC Record from marc_columbia

LEADER: 07023cam a2200649Mi 4500
001 12464517
005 20170619163540.0
006 m o d
007 cr |n|---|||||
008 161203s2016 enk o 000 0 eng d
019 $a964643273
020 $a9780192512321$q(electronic bk.)
020 $a0192512323$q(electronic bk.)
020 $a9780191835483
020 $a019183548X
020 $z9780198787372
020 $z0198787375
035 $a(OCoLC)ocn965164749
035 $a(NNC)12464517
035 $a(OCoLC)965164749$z(OCoLC)964643273
040 $aEBLCP$beng$erda$epn$cEBLCP$dOCLCQ$dN$T$dUKOUP$dOCLCF$dN$T$dOCLCO$dOCLCQ$dIOG$dOH1$dYDX$dZCU
050 4 $aHD7105.4
072 7 $aBUS$x038000$2bisacsh
072 7 $aPOL$x013000$2bisacsh
082 04 $a331.252$223
245 00 $aRetirement system risk management :$bimplications of the new regulatory order /$cedited by Olivia S. Mitchell, Raimond Maurer and J. Michael Orszag.
264 1 $aOxford ;$aNew York, NY :$bOxford University Press,$c2016.
300 $a1 online resource.
336 $atext$btxt$2rdacontent
337 $acomputer$bc$2rdamedia
338 $aonline resource$bcr$2rdacarrier
490 1 $aPension Research Council Series
588 0 $aPrint version record.
505 0 $aCover; Retirement System Risk Management: Implications of the New Regulatory Order; Copyright; Preface; Contents; List of Figures; List of Tables; Notes on Contributors; 1: Introduction: Implications of the New Regulatory Order for Retirement System Risk Management; Global Risk Assessment for Pensions and Annuities; Developments in Retirement Saving and Retirement Products; Conclusion; References; Part I: Global Risk Assessment for Pensions and Annuities; 2: The New Insurance Supervisory Landscape: Implications for Insurance and Pensions; Current Supervisory Landscape; International overview.
505 8 $aNorth AmericaEurope; Global; Supervisory issues; Financial stability and systemic risk; Conduct/consumer protection; Solvency/funding; Governance; Coordination; Recent Developments; United States; Europe; Global; Financial stability; Mandates and enforcement; Global capital standards; Effects on Market Structure, Conduct, and Performance; Social Welfare Dimensions and Tradeoffs; Geographic scope; Supervisory mandates; Uncertain side effects; Social welfare tradeoffs; Proximate vs. general equilibrium effects; Examples of Possible Market-Wide Effects; Financial stability and capital allocation.
505 8 $aConduct policies and market coveragePrudential vs. conduct policies; Product risks and provision; Resolution methodology and capital efficiency; Regulatory policies and investment pro-cyclicality; Application of bank-oriented prudential standardswithin insurance sector; Systemic risk methodology, internationalcapital standards, and firm structure; Risk-weightings applied to sovereign debtand systemic risk; Future Challenges; Supervisory coordination across geographies; Supervisory/regulatory clarity; Improved understanding of outcomes; Broader allowance for several dimensionsof social welfare.
505 8 $aConclusionGlossary of Terms; Endnotes; References; 3: Accounting-Based Asset Return Smoothing in Participating Life Annuities: Implications for Annuitants, Insurers, and Policymakers; A Brief Overview of Life Insurance Accounting Smoothing; A Simple Model of a Participating Life Annuity; Calibration; Key Results; Conclusion; Endnotes; References; 4: Mark-to-Market Accounting for United States Corporate Pensions: Implementation and Impact; Overview of MTM Pension Accounting; Appeal of GAAP; Weaknesses of GAAP; The United States MTM Alternative; Why MTM is Attractive to Plan Sponsors.
505 8 $aWhy Plan Sponsors have been Reluctant to AdoptInvestors; Analyst community; Ratings agencies; Internal management; Pension Allocation Not Generally Changed byAccounting Method; Method 1: liability-driven investment; Method 2: risk parity; A primer on risk parity; Conclusion; Endnotes; References; 5: Risk Disclosure in the European Insurance Industry: Implications for Occupational Pension Funds; Solvency II: The New Risk-Based Solvency Capital Regime for the European Insurance Industry; Why Solvency II?; Development of Solvency II; Essential features of Solvency II; Occupational Pension Funds.
500 $aThe Institutions for Occupational Retirement Provision (IORP) Directive of 2003.
520 8 $aIn the wake of the worst financial crisis since the Great Depression, lawmakers and regulators around the world have changed the playbook for how banks and other financial institutions must manage their risks and report their activities. The US Congress passed the Dodd-Frank Wall Street Reform and Consumer Protection Act, and the European System of Financial Supervision (ESFS) is also crafting a framework to supervise regulated financial sector institutions including banks, insurers, pension funds, and asset managers. The implosion of the financial sector has also prompted calls for accounting changes from those seeking to better understand how assets and liabilities are reported. Initially banks were seen by many as the most important focus for regulatory reform, but other institutions are now attracting policymaker attention. There is logic to this in terms of managing systemic risk and ensuring a level playing field that avoids arbitrage between institutional structures. Yet the nature of pension and insurer liabilities is so different from that of bank liabilities that careful attention is needed in drafting appropriate rules. The new rules are having both direct and spill-over effects on retirement systems around the world. The first half of this volume undertakes an assessment of how global responses to the financial crisis are potentially altering how insurers, pension plan sponsors, and policymakers will manage risk in the decades to come. The second half evaluates developments in retirement saving and retirement products, to determine which and how these might help meet shortfalls in retirement provision.
504 $aIncludes bibliographical references and index.
650 0 $aPension trusts$xManagement.
650 0 $aRisk management.
650 0 $aPensions.
650 7 $aBUSINESS & ECONOMICS$xLabor.$2bisacsh
650 7 $aPOLITICAL SCIENCE$xLabor & Industrial Relations.$2bisacsh
650 7 $aPension trusts$xManagement.$2fast$0(OCoLC)fst01057071
650 7 $aPensions.$2fast$0(OCoLC)fst01057086
650 7 $aRisk management.$2fast$0(OCoLC)fst01098164
655 4 $aElectronic books.
700 1 $aMitchell, Olivia S.
700 1 $aMaurer, Raimond.
700 1 $aOrszag, Michael.
776 08 $iPrint version:$aMitchell, Olivia S.$tRetirement System Risk Management : Implications of the New Regulatory Order.$dOxford : OUP Oxford, ©2016
830 0 $aPension Research Council Series.
856 40 $uhttp://www.columbia.edu/cgi-bin/cul/resolve?clio12464517$zAll EBSCO eBooks
852 8 $blweb$hEBOOKS