Experiences and Challenges with the Introduction of Risk-Based Supervision for Pension Funds

38 Pages Posted: 22 Apr 2011

See all articles by Fiona Stewart

Fiona Stewart

Organization for Economic Co-Operation and Development (OECD)

Date Written: August 2007

Abstract

Given the move by other financial sectors to initiating a ‘risk-based’ approach to supervision, pension supervisory authorities are also looking to adopt such methods. Following the lead of pioneering countries - such as the Netherlands, Australia, Denmark and Mexico - many of the pension supervisory authorities which are members of the IOPS have been or are planning to introduce a similar risk-based approach. This paper looks at different countries which have learnt from these pioneers, (South Africa, Kenya, Germany, the UK and Croatia), and examines their experiences and the challenges they have faced in moving to such a risk-based system, with the intension of drawing lessons for other IOPS members intending to make a similar move.

Keywords: Pension, Prudential Supervision, Risk-based, Stress testing, Risk parameters, Risk mitigants

JEL Classification: G23, G28

Suggested Citation

Stewart, Fiona, Experiences and Challenges with the Introduction of Risk-Based Supervision for Pension Funds (August 2007). Available at SSRN: https://ssrn.com/abstract=1813759 or http://dx.doi.org/10.2139/ssrn.1813759

Fiona Stewart (Contact Author)

Organization for Economic Co-Operation and Development (OECD) ( email )

2 rue Andre Pascal
Paris Cedex 16, 75775
France

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