Pension Funds' Risk-Management Framework: Regulation and Supervisory Oversight
International Organization of Pension Supervisors Working Paper No. 11
57 Pages Posted: 16 Apr 2011
Date Written: November 1, 2009
Drawing on the experience of the pensions and other financial sectors, this paper examines what sort of risk-management framework pension funds should have in place. Such frameworks are broken down into four main categories: management oversight and culture; strategy and risk assessment; control systems; and information and reporting. Ways in which supervisory authorities can check that such systems are operating are also considered, with a check list provided to assist pension supervisory authorities with their oversight of this important area.
Keywords: Pensions, Risk-management, Risk Assessment, Internal Controls
JEL Classification: G23, G32
Suggested Citation: Suggested Citation