Workers in Finland, for example, may choose to retire at an age between 63 and 68. Every year they postpone retirement they secure a higher pension. Italy and Sweden are interesting cases when it comes to life expectancy risk.
in the case of asset-backed securities constructs or corporate financing through debt securities and the like, will likewise increase in significance. VI The authorisation of internal bank ratings – like that of external ratings – will be linked to qualitative and quantitative minimum standards.