12  Canadian Pensioners’ Mortality, Canadian Institute of Actuaries, Final Report, February 2014. www.ciaica.ca/docs/default-source/2014/214013e.pdf?sfvrsn=4. 13  Outside of Canada, some pension plans have transferred longevity risk to insurance companies, for example. 4  BIS central bankers’ speeches  A third challenge has been the introduction of fair-value accounting for pension promises and the interaction with regulatory solvency requirements.
I therefore appeal to the Boards of the affected banks, in their own interest, to co-operate with the newly appointed Executive Management. We are conscious of the fact that changing management alone will not resolve this problem.