OECD Proceedings Institutional Investors in the New Financial Landscape

Institutional Investors (insurance Companies, Investment Companies And Pension Funds) Have Been Gaining In Importance In Both Oecd And Non-oecd Countries. The Institutionalisation Of Savings Is Having A Profound Impact On The Structure And Functioning Of Capital Markets. Institutional Investors Are The Main Forces Shaping The New Financial Landscape. This Publication Gives A Comprehensive Overview Of The Major Driving Forces Behind Recent Trends, Future Prospects, Financial Market Implications As Well As Regulatory And Supervisory Challenges Related To The Rise In Institutional Assets. Part I: Overview And Key Policy Issues -- Chapter 1. Introductionto Institutional Investors And Institutional Investing By Hans Blommestein And Norbert Funke -- Chapter 2. Impact Of Institutional Investors On Financial Markets By Hans Bloomestein -- Part Ii: Growing Importance Of Institutional Investors Across Oecd Reg9ions And In Emerging Markets -- -chapter 3. Perspective On The Us Asset Management Business By Milton R. Berlinski And Simon A. R. Western -- Chatper 4. Institutionalisation, Retailisation, And Shifting Responsibilities: The Canadian Perspective By Thomas A. Hockin -- Chapter 5. Japanese Financial Institutions And Their Challenge Towards The 21st Century By Takeo Sumino -- Chapter 6. The Growing Financial Market Importance Of Institutional Investors: The Case Of Korea By Yu-kyung Kim -- Chapter 7. Institutional Investors And Their Implications For Financial Markets In Germany By Bettina Nurk --^ Chapter 8. The Growing Financial Market Importance Of Institutional Investors: The Case Of Belgium By Marc Bayot -- Chapter 9. The European Investment Funds Industry In 1997 By Patrick Zurstrassen -- Chapter 10. The Role Of Contractual Savings Institutions In Emerging Markets By Bernhard Fischer -- Part Iii: Investment Strategies And Techniques -- Chapter 11. Asset Allocation, Financial Market Behaviour, And Impact Of Eu Pension Funds On European Capital Markets By Koen De Ryck -- Chapter 12. Institutional Investing In The Netherlands: The Pension Plan For Dutch Civil Servants By Jelle Mensonides -- Chapter 13. Asset Allocation Of Pension Funds: Identification Of Benchmarks By Andrea Beltratti -- Chapter 14. Institutional Investors, Capital Markets, And The Emu By Karel Lannoo -- Chapter 15. Warning: Past Pension Fund Performance Is No Guarantee For Future Performance By Helmut Reisen --^ Chapter 16. Ageing-induced Capital Flows To Emerging Markets Do Not Solve Oecd's Basic Pension Problem By Hans Blommestein -- Part Iv: The Regulatory And Supervisory Environment And Risk Manazgement -- Chapter 17. Regulation Of Pension Fund Assets By E. Philip Davis -- Chapter 18. Investment Rules And State Guarantees For Mandatory Private Pension Funds By Dimitri Vittas -- Chapter 19. Issues In The Effective Regulation Of The Asset Allocation Of Life Insurance Companies By G. M. Dickinson -- Chapter 20. Regulation And Supervision Of Investment Funds In The New Financial Landscape - A Canadian Perspective By Glorianne Stromberg -- Chatper 21. Risk Standards For Institutional Investors And Institutional Investment Managers By Tanyo Styblo Beder Papers Presented At An Expert Meeting Sponsored By The Committee On Financial Markets Of The Oecd And Held On July 7-8, 1997. Prepared And Edited By Hans Blommestein And Norbert Funke--p. 3. Includes Bibliographical References.