Liquidity risk strategies can present challenges for portfolio managers, even more so in 2020, as COVID-19 has had its own disruptive impact on financial markets. Anthony Di Ginosa, CFA, joins us to discuss liquidity risk, the impact of recent Bank of Canada actions, and why management of this risk is important for retirement trusts.
Barbara Sanders, FCIA, and Barry Gros, FCIA, discuss their recent work published by the C.D. Howe Institute, dealing with the sustainability of contingent pension plans, and how a principles-based regulatory framework may be better suited to these types of arrangements.
In this article, Bruce Langstroth, Michael Wang, and Valerio Valenti discuss the considerations for the selection of the adverse scenarios, their potential ripple effects, and corrective management actions, given the COVID-19 pandemic.
By Terence Narine, FCIA The content of this article should not be construed as an actuarial opinion or guidance on actuarial work. I do not have experience in some of the practice areas mentioned in this article, so my comments are made from the perspective of someone outside these areas. A black swan event can be viewed like the 1-in-200-year flood that we risk managers agonize over; a rare...
A 2019 survey of CIA members on climate change risks shows that less than one-third of respondents or their companies account for this emerging risk. However, a large percentage of respondents agree that guidance and education about the materiality of climate change risks may help with this type of risk disclosure.
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