August 2018

Defining and Measuring Green Investments

Georg Inderst (Inderst Advisory), Christopher Kaminker (Organization for Economic Co-Operation and Development (OECD)) & Fiona Stewart (Organization for Economic Co-Operation and Development (OECD)) This definitional, stocktaking paper aims to provide a comprehensive review of the concepts and definitions related to "green" investments that are currently used in the market place. The purpose of this research is not to take a position on a specific definition but rather to explore what is being generally used, whether there are commonalties and inconsistencies,...

Corruption and Fraud in Financial Markets: Malpractice, Misconduct and Manipulation

By Professor Carol Alexander Identify and stop potential issues before they become finable offences Corruption and Fraud in Financial Markets offers financial industry professionals with a comprehensive study on malpractice, misconduct and manipulation. Chapters cover detection, prevention and regulation of corruption and fraud within different financial markets. Written by experts at the forefront of finance and risk management, this book details the many practices that bring potentially devastating consequences, including insider trading, price manipulation, bribery, false disclosure, volume manipulation, spoofing, options...

Financial Fraud among Older Americans: Evidence and Implications

By Marguerite DeLiema, Martha Deevy, Annamaria Lusardi, Olivia S. Mitchell The consequences of poor financial capability at older ages are serious and include making mistakes with credit, spending retirement assets too quickly, and being defrauded by financial predators. Because older persons are at or past the peak of their wealth accumulation, they are often the targets of fraud. Our project analyzes a module we developed and fielded in the 2016 Health and Retirement Study (HRS). Using this dataset, we evaluate...

México. Be Grand levantó 4,000 millones de pesos con un CKD

El grupo inmobiliario Be Grand levantó 4,000 millones de pesos con la emisión de un Certificado de Capital de Desarrollo (CKD) en la Bolsa Mexicana de Valores (BMV). Del total de recursos captados, realizó una primera emisión por 800 millones de pesos para continuar con el desarrollo de proyectos de vivienda del sector residencial. El CKD fue tomado por inversionistas institucionales, entre ellos, las afores XXI Banorte y Citibanamex, y por el fondo del gobierno de Singapur, Temasek y Seguros MetLife,...

Perú. Poder Judicial busca acercar servicios de justicia a adultos mayores

El presidente del Poder Judicial, Víctor Prado Saldarriaga, ratificó hoy el compromiso de esta institución de acercar los servicios de justicia a los adultos mayores del país. “Estamos avanzando y reconociendo la necesidad de hacer un espacio especial para atender las demandas y urgencias de este sector de peruanos al que el Perú le debe tanto y le ha pagado con ingratitud”, sostuvo Prado al inaugurar el Congreso Nacional de Acceso a Justicia para Adultos Mayores. Este congreso, permitirá compartir buenas...

Bolivia. Rentabilidad de las AFP cae un 75%; expertos culpan a incertidumbre por traspaso

La rentabilidad de los recursos que manejan las Administradoras de Fondos de Pensiones (AFP) cayó un 75%,según los datos oficiales de la Autoridad de Seguros y Pensiones (APS). A junio de 2018, tanto BBVA y Futuro reportaron una tasa entre el 2,5 y el 2%. La cifra es inferior a la del mismo periodo de 2008, cuando estos indicadores estaban en 8%. Para los expertos consultados, la fuerte caída se debe a la incertidumbre con la que han venido trabajando las administradoras desde...

Uruguay. World’s ‘poorest’ ex-president Mujica turns down pension

Former Uruguayan leader José Mujica, who was dubbed "the world's poorest president" for his modest lifestyle, says he does not want any pension from his time as a senator. Mr Mujica resigned on Tuesday from the post of senator, which he had held since 2015, when his five-year-term as president had ended. He said he would not serve out his term until 2020 because as he was "tired after a long journey". The former left-wing rebel is 83 Read more bbc

Australia’s AMP back in inquiry hot seat as pension transfers challenged

The disclosures are the latest blow to the once-venerable firm which could face criminal charges over misconduct earlier uncovered by the inquiry. AMP has lost almost 30 percent of its market value since the inquiry began in February. Richard Allert, chairman of AMP Super, which by law must manage retirement savings in the best interests of customers, said under questioning that he was surprised to see internal company documents tabled at the inquiry saying the transfers were not legally documented. Michael...

China’s youth not prepared for retirement

China's younger generation are largely unprepared for retirement and have limited understanding of pensions, a recent study shows. That's according to a joint online survey taken earlier this year by Ant Financial and Fidelity International. About 28,400 people took part in the survey, 75 percent of whom were aged between 18 and 34. As many as 54 percent of respondents said they have made no investment or saving plans for retirement. The respondents expect an average retirement age of 58 years, yet...

Nicaragua aprueba ley para proteger su sistema financiero de la crisis

El parlamento de Nicaragua aprobó una Ley de Bonos que busca dar estabilidad al sistema financiero y confianza a depositantes cuando la economía esta cayendo tras cuatro meses de crisis política. La iniciativa fue aprobada de urgencia en el pleno de la cámara a solicitud de Daniel Ortega para "respaldar las líneas de asistencia financieras" otorgadas por el Banco central (BCN) a entidades bancarias, según la exposición de motivos. La ley fue aprobada por la bancada del Frente Sandinista, adepta al...