TUAC comments on draft IOPS/OECD Guidelines on Pension Fund investments in Alternative and Derivatives
31/01/2011
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- 1101t_pf_PEN_WD_2010_14pdf
As part of internal consultations with the OECD Working Party on Private Pensions, the TUAC has submitted written comments (see attached pdf file) on a draft proposal of OECD / IOPS “Good Practices on Alternative and Derivative Investments”.
These can be regrouped under three headings:
- To acknowledge the challenges created by the many regulatory gaps that – still – characterise the industry as well as by the excessive use of leverage financing;
- To develop further guidance on the practical aspects to risk management and internal governance from a board perspective;
- To strengthen the requirements of independence of the risk
officers and the consultancies involved in outsourcing
activities.
For more information: habbard[at]tuac.org