Canada : Financial Sector Assessment Program-Impact on the Insurance Sector of a Low Interest Rate Environment-Technical Note.

This paper discusses Canada's Financial Sector Assessment Program (FSAP) impact on the insurance sector of a low interest rate environment. It highlights that actuarial standards on valuation of liabilities require that assumed reinvestment rates take increasing account of current market rates...

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書目詳細資料
企業作者: International Monetary Fund. Monetary and Capital Markets Department
格式: 雜誌
語言:English
出版: Washington, D.C. : International Monetary Fund, 2014.
叢編:IMF Staff Country Reports; Country Report ; No. 2014/068
在線閱讀:Full text available on IMF
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245 1 0 |a Canada :   |b Financial Sector Assessment Program-Impact on the Insurance Sector of a Low Interest Rate Environment-Technical Note. 
264 1 |a Washington, D.C. :  |b International Monetary Fund,  |c 2014. 
300 |a 1 online resource (23 pages) 
490 1 |a IMF Staff Country Reports 
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500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
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520 3 |a This paper discusses Canada's Financial Sector Assessment Program (FSAP) impact on the insurance sector of a low interest rate environment. It highlights that actuarial standards on valuation of liabilities require that assumed reinvestment rates take increasing account of current market rates that led to higher liabilities as low rates persisted. The note outlines the effect of Canadian accounting and actuarial standards that further increases in liabilities need to be recognized in the short term. Policy measures have been undertaken by Office of the Superintendent of Financial Institutions (OSFI) in the banking sector to address broader risks. 
538 |a Mode of access: Internet 
830 0 |a IMF Staff Country Reports; Country Report ;  |v No. 2014/068 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/002/2014/068/002.2014.issue-068-en.xml  |z IMF e-Library