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Severinson, Clara [Author]; Yermo, Juan [Author]

The effect of solvency regulations and accounting standards on long-term investing

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  • Media type: E-Book
  • Title: The effect of solvency regulations and accounting standards on long-term investing : implications for insurers and pension funds
  • Contributor: Severinson, Clara [Author]; Yermo, Juan [Author]
  • imprint: Paris: OECD, 2012
  • Published in: OECD: OECD working papers on finance, insurance and private pensions ; 30
  • Extent: Online-Ressource; graph. Darst
  • Language: English
  • DOI: 10.1787/5k8xd1nm3d9n-en
  • Identifier:
  • Keywords: Finance and Investment ; Amtsdruckschrift ; Arbeitspapier ; Graue Literatur
  • Origination:
  • Footnote: Zsfassung in franz. Sprache
    Systemvoraussetzungen: Acrobat Reader
  • Description: This report reviews recent as well as planned changes to accounting and solvency regulations affecting insurers and pension funds and how they may impact long-term investing by these institutions. The review of existing evidence focuses mainly on the impact of risk-based solvency requirements, identifying instances where such regulations may have driven changes in investment strategies and potentially led to pro-cyclical investment behaviour such as the fire-sale of assets in market downturns. The report concludes with a note of caution regarding the application of strict fair value and risk-based solvency rules.