Financial Regulation in Emerging Markets

The two presenters, Michael Cohen and David White, have over 50 years experience between them of consulting to International Financial Institutions, such as the World Bank and the Asian Development Bank, as well as other multilateral donors in a broad range of areas. In particular, they have collaborated in strengthening regulatory agencies in insurance, pensions and capital markets and have developed tools to allow regulators who have limited or no access to actuaries and other financial professional to develop systems which approach international standards, while assisting these countries to develop well regulated financial institutions appropriate to their level of economic development. Topics to be covered include risk profiling methodology; looking beyond a risk register matrix scoring to put values on the identified risks including assessing inherent and residual risks as well as providing a better understanding for regulators of their risk appetite by assessing the actual amount of risks requiring mitigation; using system dynamics and Monte Carlo analysis in relation to policyholder and investor protection funds in emerging markets. They will also touch on financial inclusion, pension reform and some more esoteric aspects of consulting to international financial institutions and other donors in developing countries. The presenters have extensive experience throughout the Asia-Pacific region, as well as in Africa, Europe and the Caribbean and have accomplished a wide variety of consulting assignments. The presentation will cover the breadth of their collective experience and will allow participants insight into an area of actuarial and financial consulting which might be unfamiliar to many participants in the Congress. Participants will get to appreciate the challenges of this kind of consulting, which combines both actuarial and financial knowledge as well as developmental economics and cultural sensitivity.

Find the Q&A here: Q&A on 'Insurance and Regulation in Emerging Markets'