Regulatory Alerts2017-09-17
Basel Committee on Banking Supervision Joint Forum Document Regarding Longevity Risk Transfer Markets: Market Structure, Growth Drivers and Impediments
The Saudi Arabian Monetary Agency directs all domestic banks to integrate the Basel Committee on Banking Supervision’s Joint Forum report on Longevity Risk Transfer markets into their internal capital planning frameworks and employee pension fund management. This directive requires financial institutions to review the report’s analysis of market structure, growth drivers, and cross-sectoral risks before applying it to their operational practices. Banks must access the guidance via the Bank for International Settlements website to ensure alignment with emerging longevity risk transfer standards.
Share