For more information, see C. Severinson and J. Yermo, “The Effect of Solvency Regulations and Accounting Standards on Long-Term Investing: Implications for Insurers and Pension Funds”, OECD Working Papers on Finance, Insurance and Private Pensions, No. 30, OECD Publishing (November 2012). http://dx.doi.org/10.1787/5k8xd1nm3d9n-en.
16  The G-20’s four core reform priorities are: (1) to make banks safer; (2) to end the problem of financial institutions that are “too big to fail”; (3) to transform shadow banking activities into resilient market-based finance; and (4) to ensure continuously functioning core financial markets. For an update on the reforms, see www.financialstabilityboard.org/publications/r_140411.pdf.