Prudential Regulation

Prudential regulation refers to the setting of standards and supervisory practices designed to minimise the risk of an individual institutional failure and reduce the collateral damage on the financial system as a whole. The Global Financial Crisis demonstrated significant structural flaws in both internal risk management and external supervision. It prompted Lord Turner, the chairman of the Financial Services Authority, to question in an influential report the efficacy of underpinning conceptual frameworks (Turner Review, 2009).  This series maps and tracks the macro-prudential agenda introduced in the aftermath of the GFC, with particular reference to the Basel Committee on Banking Supervision and the impact of this process on national regulatory settings.

OECD States that Urgent Reform is the Key to Securing Asia’s Pension Systems

Asia’s pension systems need modernising urgently to deliver secure, sustainable and adequate retirement incomes for today’s workers in the context of the rapid population ageing that will occur over the next two decades, according to a new report from the Organisation for Economic Cooperation and De
Originally Published: 
Wednesday, January 25, 2012

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