The recent pension crisis has triggered a fierce debate in most developed countries between advocates of tighter regulation designed to provide explicit incentives for pension funds to increase their focus on risk management and those arguing that imposing short-term funding constraints and solvency requirements on such long-term investors would only increase the cost of pension financing.
Professor of Finance and Scientific Director of the EDHEC Risk and Asset Management Research Centre.
Research Engineer, EDHEC Risk and Asset Management Research Centre
|Extra information :||For more information, please contact Séverine Anjubault, EDHEC Research and Development Department [ email@example.com ] The contents of this paper do not necessarily reflect the opinions of EDHEC Business School.|
|Research Cluster :||Finance|