Global Economy Meeting and Pension Benefit Guaranty Corporation: Difference between pages

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(Updated entry: Changed CPSS reference to past using formerly to remove date sensitivity, removed repetition 2nd para 2nd sentence, added internal links)
 
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The Global Economy Meeting (GEM) is the principal discussion forum of central bank Governors during the regular [[Bank for International Settlements]] (BIS) bimonthly meetings.
(PBGC). ''US Pensions''. 
An organisation set up by the US government to take over the assets and liabilities of insolvent pension funds and to provide limited guarantees as to the payment of pensions by those funds.


The committee monitors and assesses developments in the world economy and the global financial system. It provides a forum for discussion and cooperation. It guides and receives reports from the Basel-based central bank committees: the [[Committee on the Global Financial System]] (CGFS), [[Committee on Payments and Market Infrastructures]] (CPMI) (formerly called the Committee on Payment and Settlement Systems (CPSS)) and the [[Markets Committee]].  
The PBGC has wide powers to investigate US pension schemes and their sponsoring companies.


The GEM comprises the Governors of 30 BIS member central banks in major advanced and emerging market economies that account for about four fifths of global GDP and meetings are observed by Governors from several other central banks.
The equivalent in the UK is the Pension Protection Fund.  


 
== See also ==
==See also==
* [[Pension Protection Fund]]
* [[Central bank]]
* [[Gross domestic product]]

Revision as of 13:57, 6 May 2013

(PBGC). US Pensions. An organisation set up by the US government to take over the assets and liabilities of insolvent pension funds and to provide limited guarantees as to the payment of pensions by those funds.

The PBGC has wide powers to investigate US pension schemes and their sponsoring companies.

The equivalent in the UK is the Pension Protection Fund.

See also

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