Risk-Based Supervision of Pension Institutions in Denmark

This paper examines the move towards risk-based supervision of pension institutions in Denmark. Although Denmark has not adopted a comprehensive model to assess risk it has developed a number of building blocks which it uses for risk-based assessme...

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Bibliographic Details
Main Authors:	van Dam, Rein, Andersen, Erik Brink
Format:	Policy Research Working Paper
Language:	English
Published:	Washington, DC: World Bank 2012
Subjects:	ACCOUNTANT ACCOUNTING ACCOUNTING STANDARDS ANNUAL CONTRIBUTIONS ASSESSMENT OF RISK ASSET ALLOCATION ASSET CLASS ASSET CLASSES ASSET LIABILITY MANAGEMENT ASSET MANAGEMENT ASSET MANAGERS AVERAGE BENEFIT AVERAGE WAGE BALANCE SHEET BALANCE SHEETS BANKRUPTCY BENEFIT PLAN BOND PRICES CALL OPTIONS CAPITAL ADEQUACY CAPITAL BASE CAPITAL BASES CAPITAL OWNERS CAPITAL REQUIREMENT CAPITAL REQUIREMENTS CAPITALIZATION CASH FLOWS COLLECTIVE INVESTMENT COMPANY PENSION CONFLICTS OF INTEREST CONSTANT MATURITY CONTRIBUTION CONTRIBUTION PLANS CONTRIBUTION RATE CORPORATE BONDS COUPON COUPON RATE CREDIT INSTITUTIONS CREDIT RATING CREDIT RATINGS CREDIT RISK CURRENCY CURRENCY RISK CURRENCY RISKS DEBT DEBT INSTRUMENTS DEPOSITOR DEPOSITORS DERIVATIVES DEVELOPING COUNTRIES DISABILITY DISABILITY BENEFITS DISABILITY INSURANCE DISCOUNT RATE DOMESTIC BONDS DOMESTIC EQUITIES EARNINGS ECONOMIC ACTIVITY EMERGING MARKETS EMPLOYER PENSION EQUITIES EQUITY MARKETS EQUITY VALUES EURO MARKET EXTERNAL ASSET FAIR VALUE FAIR VALUES FINANCIAL CRISIS FINANCIAL INFORMATION FINANCIAL INSTITUTION FINANCIAL INSTITUTIONS FINANCIAL MANAGEMENT FINANCIAL MARKET FINANCIAL MARKETS FINANCIAL PERFORMANCE FINANCIAL POLICY FINANCIAL SECTOR FINANCIAL STATEMENT FINANCIAL SYSTEM FINANCIAL SYSTEMS FIXED INCOME FOREIGN CURRENCIES FOREIGN EQUITIES FUTURES GOVERNMENT BOND GOVERNMENT BOND YIELDS GOVERNMENT BONDS GOVERNMENT GUARANTEE GOVERNMENT PAPER GUARANTEE FUND HOLDINGS INCOME FROM BONDS INCOME TAX INDEXED BONDS INDIVIDUAL ACCOUNTS INSURANCE INSURANCE COMPANY INSURANCE PRODUCTS INTEREST RATE INTEREST RATE CHANGES INTEREST RATE RISK INTEREST RATE SWAPS INTEREST RATES INTERNAL AUDIT INTERNATIONAL BANK INVESTMENT POLICIES INVESTMENT REGULATIONS INVESTMENT RESTRICTIONS INVESTMENT RETURNS INVESTMENT RISK INVESTMENT RISKS INVESTMENT STRATEGIES INVESTMENTS IN EQUITIES JOINT-STOCK COMPANIES LABOR FORCE LABOR MARKET LEGAL OBLIGATION LEVEL OF RISK LIABILITY LIFE INSURANCE LIFE INSURANCE COMPANIES LONG-TERM INTEREST LONG-TERM INTEREST RATE LUMP SUM LUMP SUMS MARGINAL RATE MARGINAL TAX RATE MARKET CONDITIONS MARKET DEVELOPMENT MARKET DEVELOPMENTS MARKET DISCIPLINE MARKET ENVIRONMENT MARKET INTEREST RATES MARKET PARTICIPANTS MARKET RISK MARKET RISKS MARKET VALUE MARKET VALUES MINIMUM BENEFITS MINIMUM CAPITAL REQUIREMENT MORTGAGE MORTGAGE BONDS MORTGAGE LOANS MORTGAGES OCCUPATIONAL PENSION OCCUPATIONAL PENSION SCHEME OCCUPATIONAL PENSION SCHEMES OCCUPATIONAL PLANS OTHER ASSETS OWNERSHIP STRUCTURES PENSION PENSION ASSETS PENSION BENEFITS PENSION COMPANIES PENSION CONTRACTS PENSION CONTRIBUTIONS PENSION FUND PENSION FUND INVESTMENTS PENSION FUNDS PENSION PLANS PENSION SAVING PENSION SCHEME PENSION SCHEMES PENSION SYSTEM PENSION SYSTEMS PENSIONERS PERSONAL PENSION PERSONAL PENSION PLANS PORTFOLIO PORTFOLIO MANAGEMENT PORTFOLIOS PRIVATE PENSION RATES OF RETURN REAL ESTATE REAL PROPERTY REGULATORY FRAMEWORK REGULATORY STRUCTURE RESERVES RETAIL FINANCIAL SERVICES RETURN RETURNS RISK ASSESSMENT RISK CONTROL RISK EXPOSURE RISK EXPOSURES RISK MANAGEMENT RISK MANAGEMENT SYSTEMS RISK OF DEFAULT RISK PROFILE RISK PROFILES RISK SHARING RISKY ASSETS SAVERS SAVINGS BANKS SECURITIES SHARE OF EQUITIES SHAREHOLDER SHAREHOLDERS SMALL PENSION SOLVENCY SPECIAL SAVINGS SUPERVISION OF PENSION FUNDS SUPERVISORY AUTHORITIES SUPERVISORY AUTHORITY SWAP SWAP CURVE TAX TAX ADVANTAGES TAX INCENTIVES TAX RATE TAX SYSTEM TAXABLE INCOME TAXATION OF INVESTMENT INCOME TOTAL COST TRADE UNIONS TRANSPARENCY UNEMPLOYED USE OF DERIVATIVES VALUABLE VALUATION VARIABLE RATE WAGE WAGES WITHDRAWAL YIELD CURVE ZERO COUPON
Online Access:	http://documents.worldbank.org/curated/en/2008/02/9045914/risk-based-supervision-pension-institutions-denmark http://hdl.handle.net/10986/6594