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Research

Pension risk in DC funds

Defined contribution plans focus too much on the short-term accumulation of pension assets rather than the longer-term goal of securing an adequate retirement income. This paper by the World Bank, based on case studies from a number of countries, argues that pension supervisors have not properly defined the objectives of DC pension systems It suggests […]
Amanda WhiteMay 7, 2014
Research

Citigroup: a case study in managerial and regulatory failures

This article by Arthur Wilmarth from George Washington University Law School uses Citigroup as a case study to demonstrate the question of whether bank executives and regulators are able to supervise and control today’s complex megabanks. The study shows that post-mortem evaluations of Citigroup’s near-collapse revealed that neither Citigroup’s managers nor its regulators recognized the […]
Amanda WhiteMarch 28, 2014
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