Jens Thomsen: Ultra long-term financial instruments Speech by Mr Jens Thomsen, Member of the Board of Governors of the National Bank of Denmark, at the OECD Seminar: ”The pension payout phase: Annuities and implications for financial markets”, Paris, 12 November 2008.
As you may know, the Committee of Sponsoring Organizations of the Treadway Commission, or COSO, has published an exposure draft that sets forth an enterprise-wide risk-management framework, including the definition and components of risk management and the roles and responsibilities of various parties.