Highlighting the challenges facing Nepal in terms of smooth implementation of development projects, Deputy Director General of ADB for South Asia Diwesh Sharan underscored further improvements in procurement documents and evaluation scrutiny, stringent contract management to contain implementation and
fiduciary risks, and sound safeguard management, including environmental management, continuity of project directors and timely release of project budget.
It will improve capacity in fiduciary management by supporting annual fiduciary reviews and conducting in-depth reviews of identified
fiduciary risks.
The annual PLANSPONSOR/Janus Capital Group defined contribution (DC) investment study saw a focus on managing fees in 2016, marking a shift from the focus on
fiduciary risks and duties that dominated plan sponsors' worries in the past.
The best independent agents will use this milestone anniversary as an opportunity to educate their customers on the evolving
fiduciary risks and how the right insurance coverage can help protect a fiduciary's personal assets if a lawsuit is filed against the fiduciary or plan sponsor.
Shareholders' Equity protects PSIAs only for
fiduciary risks where the loss in value results from a bank's own negligence, errors or fraud.
Opponents of custom target-date funds also think implementing a customized product actually increases legal and
fiduciary risks, since it requires the plan sponsor to make decisions that would not be necessary-at least not explicitly-with an off-the-shelf TDF, according to the white paper "Are Custom Target-Date Funds Right for Your Plan?
As a privately held company we have continuously made investments in solutions that enable clients to realize tremendous cost savings through automated technology and reduce business and
fiduciary risks.
53% are concerned about new
fiduciary risks because of the volatility of the financial markets, down from 67% last year.
This is a spurious argument given that Islamic banking has risks which are unique to it including
fiduciary risks and Shariah compliance risks.
While it seems new
fiduciary risks are reported every quarter, the following identifies three emerging areas of concern.
There is some confusion about the type of liability insurance needed to address
fiduciary risks even among insurance professionals.
D&O AND
FIDUCIARY RISKS ARE STILL A KEY CONCERN BECAUSE OF THEIR INTERRELATIONSHIP WITH ALL THESE INITIATIVES.
