The International Monetary Fund (IMF) has urged governments to support the development of a private sector risk transfer market for longevity risk.
World governments, the organisation said, had an important role to play in supporting a thriving market in longevity risk. Measures to promote the market could include provision of better longevity data, improved regulation and supervision, as well as education to promote awareness of longevity risk.
Governments that are able to limit their own
- Brexit novations ‘on hold’ to gain reg relief
- People moves: Bank of America names new Apac chiefs, Wilkinson leaves LGIM, Lloyds loses Coutte, and more
- Mifid data publishers drag feet on Esma guidelines
- Sefs, Libor fallbacks and risk governance in Asia
- Banks hope final FRTB rules will ease NMRF burden