August 2017

20Aug

Ethical, Environmental, Social and Governance-Oriented Investments

By Julia M. Puaschunder (Harvard) In the aftermath of the 2008/9 World Great Recession, ethical investing blossomed as opportunity to imbue trust in the economy. The crisis aftermath offered invaluable opportunities to redefine social investment to strengthen a more sustained, inclusive and equitable society. The 2015 incepted Sustainable Development Goals spearheaded the idea of financing societal advancement. Ethical, Environmental, Social and Governance-oriented Investments are key to sustainable prosperity. In the wake of stakeholder activism and based on intrinsic socio-psychological motives,...

August 20, 2017
Articles, Investing, Management, Slider-Left, ,
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20Aug

Whale Watching on the Trading Floor: Organizational Misbehaviour, Collusive Rogue Trading, and Corporate Culture Deficits in the Investment Banking Industry

By Hagen Rafeld & Peter N. Posch (TU Dortmund University); Sebastian G Fritz-Morgenthal (Frankfurt School of Finance and Management) Recent history reveals a series of rogue traders, jeopardizing their employer’s assets and reputation. There have been a number of instances of unauthorized acting in concert between traders, their supervisors, and/or firm’s senior management, resulting in collusive rogue trading (CRT). In the likes of the Libor manipulation by jointly several traders from major investment banks, CRT cannot be seen only in relation...

August 20, 2017
Articles, Corporate Governance, Investing, Management,
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13Aug

An Evaluation of the Electronic Pension Payment System in Tajikistan

By Ruben Barreto & Natalie Chun (Asian Development Bank) Modernizing government-to-person (G2P) pension payments from traditional cash-based to modern electronic-based delivery systems can improve outcomes for pensioners, government entities, and financial services providers. Cash operations, though convenient in some circumstances, involve manual handling procedures in the distribution process that entail large overhead expenses and significant operational risks. These are highly susceptible to fraud and leakages due to difficulties in appropriately reconciling payments. However, experience has shown that implementing electronic-based G2P payments...

August 13, 2017
Articles, Management, Pension design, Slider-Left, , ,
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01Aug

Un Panorama de las Pensiones en America Latina y el Caribe

"Panorama de las Pensiones en América Latina y el Caribe" presenta por primera vez un amplio rango de indicadores para la comparación de los diseños de los sistemas pensionales en 26 países de América Latina y el Caribe. Los indicadores son comparables con los de los países de la OCDE y miembros seleccionados del G-20, publicados por la OCDE. Leer Más: AQUÍ

August 1, 2017
Books, Management, Regulation, Spanish
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July 2017

30Jul

Optimal Longevity Risk Transfer and Investment Strategies

By Samuel H. Cox (University of Manitoba), Yijia Lin (University of Nebraska) & Sheen Liu (Washington State University) Given the rising cost of maintaining defined benefit (DB) pensions, there has been a surge of activities in recent years by DB plan sponsors to transfer their pension risk through strategies such as buy-ins and buy-outs. As buy-in and buy-out transaction pipelines grow, insurers actively participating in the buy-in and buy-out markets are exposed to significant longevity risk embedded in pension schemes....

July 30, 2017
Articles, Investing, Management, Pension design, ,
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16Jul

How Hard Should We Push the Poor to Save for Retirement?

By Andrew G. Biggs (American Enterprise Institute) More than half of U.S. states are working to establish programs what would automatically enrollment in Individual Retirement Accounts (IRAs) workers who are not offered a retirement plan by their employer. These programs are designed to address a perceived shortfall of retirement saving, particularly among low-wage workers who are less likely to be offered an employer-sponsored plan. But the designers of state-run auto-IRA plans fail to consider three questions: Do the poor need...

July 16, 2017
Articles, Labor Market, Management, Savings, ,
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