2015 Symposium: Implications of the New Regulatory Order for Retirement System Risk Management, April 30-May 1

About the Conference

What do efforts to strengthen the world’s financial system portend for non-bank financial entities, including insurance companies and pension funds? Recent regulatory, supervisory, governance, and financial market changes will increasingly drive the pensions and insurance agenda. High-level policymakers, academics, and practitioners discussed topics pertinent to risk management and pension design for an aging planet. This conference was co-hosted by Olivia S. Mitchell, Raimond Maurer, and Mike Orszag at the Wharton School.

Conference videos may be found here.

Conference Agenda

Thursday, April 30, 2015

Introductory Remarks: Olivia S. Mitchell, The Wharton School

Session I: Regulatory and Accounting Changes: Objectives, Dangers, and Opportunities

Discussant: Fredrik Axsater, State Street Global Advisors (video available here)

Discussant: Amy Kessler, Prudential (video available here, paper available here)

Keynote Speaker: Lady Barbara Judge, UK Pension Protection Fund (video available here)

Session II: Changing Supply and Demand for Retirement Products

Discussant: Emily Kessler, Society of Actuaries (video available here, presentation slides available here)

Discussant: David Blitzstein, Blitzstein Consulting (video available here)

Keynote Speaker: Franklin Allen, Wharton School (video available here)

Friday, May 1, 2015

Session III: Global Risk Assessment for Pensions and Other Non-Bank Financial Institutions

  • William Perraudin, Risk Control Limited: “Systemic Risk in the Insurance Industry” (presentation slides available here)
  • Dan Waters and Brian Reid, ICI Global: “Pensions, Risk, and Globally Systemically Important Financial Institutions” (presentation slides available here, paper available here)
  • Asli Demirguc-Kunt, the World Bank: “Global Aging, Financial Stability, and Pension Risk Management” (presentation slides available here, paper available here)

Discussant: Mike Orszag, Towers Watson (video available here)

Session VI: Roundtable

Jeannine Markoe Raymond, NASRA – Moderator
Kevin Hanney, UTC
Hazel Bateman, UNSW
Michael J. Gordon, BNY Mellon Retirement & Strategic Solutions