Should Europe Regulate Sovereign Wealth Funds?

(b) Income from the loan adminstration and project supervision of the International Fund for Agricultural Development (IFAD)

OIOS conducted audits of the Emergency Fund, the Fund's administration system, PENSYS, and information management system, as well as benefits processing and certificates of entitlement.

Management has continued to enhance the Fund's internal oversight and governance, and OIOS has cooperated with the Fund secretariat and the Board of Auditors in developing terms of reference for a Pension Fund audit committee, which will be presented to the Pension Board for approval at its 2006 meeting.

UNFPA has implemented a process of monitoring transactions, developed for UNFPA by UNDP, in the areas of Treasury, investments and cash management.

Financial Regulators Global Variety Show

The Fund Secretariat monitors Fund activities at different levels.

China s Malfunctioning Financial Regulation

Article 70 The Company shall present a brief introduction to its management funds, including the number and category of management funds, and list the name, date of establishment and name of the trustee bank of each fund.

The Deputy Executive Director (Management) introduced the UNFPA report on internal audit and oversight activities in 2004 (DP FPA 2005 9).

The Office earns fees from services it provides to IFAD for loan administration and project supervision.

Financial Regulators Fine Mess

(d) Project supervision and loan administration on behalf of IFIs such as IFAD, or as local fund agent for GFATM.

The Fund's administration

Article 19 The Company shall present a brief introduction to its management funds, including the number and category of the management funds, and list the name, date of establishment, name of the trustee bank, trustee fee, channels for sales on a commission basis and general situation of each fund.

Getting to Yes on Transatlantic Financial Regulation

Improving governance of the international financial system

quot The Fund apos s Regulations make the separate areas of responsibility of the Secretary General and of the Secretary of the Board quite clear the Secretary General is the trustee for the investment of the Fund apos s assets, while the Secretary acts under the authority of the Board in the discharge of the latter apos s responsibility for administrative supervision of the Fund as a whole.

Management of the Fund

How will it be administered?

Establishing a parliamentary oversight mechanism of the GEF as a contribution to better international governance.

As regards income from securities investment fund management cost, it is required to list by fund name the amount of such income from each fund at current period and last period for income from social security fund management income, it is required to list by the serial number of social security funds under trusted management the amount of such income from each fund at current period and last period.

Multilateral Fund, Monitoring (2003), http www.multilateralfund.org results_impact.htm.

GEF MONITORING AND EVALUATION PROGRAMME

The Chief of the Risk and Compliance Section will develop a comprehensive risk monitoring mechanism for the investments of the Fund, apply and oversee the process, develop a methodology for a risk and performance analysis appropriate for the investments of the Fund and oversee the reporting.

Management should be based on vigorous internal oversight and inspection mechanisms.

(ii) Monitoring of financial status managed cash position for special accounts of peacekeeping operations and utilization of the peacekeeping reserve fund (24)

The Office is responsible for the overall policy setting, direction, supervision and management of the Fund, including legal matters.

18. It was gratifying that OIOS had become a partner for many separately administered funds and programmes.

55. The Department of Management concurs with the Office of Internal Oversight Services that an independent assessment of the fund is needed.

Further, the Committee believes that the actuarial implications of the total administrative cost of the Fund should continue to be monitored.

It also reviewed matters related to the arrangements for internal audits of the Fund, the monitoring and control procedures for benefit payments, and the development of accounting standards for actuarial valuations of the Fund.

GEF Monitoring and Evaluation Programme 12 I. INTRODUCTION

Fourth, the role of rating agencies needs to be rethought, with more regulation and competition introduced. Finally, liquidity risk should be properly assessed in risk management models, and both banks and other financial institutions should better price and manage such risk most financial crises are triggered by maturity mismatches.

Given the geographical distribution of SWFs and their investments, truly global regulation is highly unlikely. But, without closer monitoring, SWFs will inevitably face politically motivated restrictions by some host countries, so it is in their interest to intensify their efforts at self regulation.

b Including UNDP administered funds and trust funds.

This is not to suggest that the trust funds and other technical cooperation funds should be centrally administered, it simply means that pertinent information on these funds and the posts established under them should be available centrally, for monitoring purposes.

Administration of Trust Fund(s)

The World Bank served as administrator for the multi donor public financial management reform trust fund, which as of May 2005 had disbursed over 198 million in budget support to the Palestinian Authority.

By tying senior managers pay to the bank s stability, the financial sector, advocates argue, would be forced to police itself. This incentive based regulation could bolster economic stability more effectively than expecting regulators to keep pace with banks risky activities.

Strengthening IMF Surveillance

Article 8 The financial supervision and regulation department under the State Council shall be responsible for supervision and regulation of the insurance industry in accordance with this Law.

Objective 2 develop, implement and monitor the Fund's technology infrastructure.

Prepare and monitor work plans for the Fund of UNDCP

The Security Officer will oversee and be accountable for monitoring the Fund's compliance with its security policy and standards and will report incidents to senior management as they arise.