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Germany has a high savings rate but pension-fund assets of just 14% of GDP.Perhaps the existence of a fund makes it easier to monitor the liability and to make needed adjustments accordingly?
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The U.S. authorities have been racing to get CDS at least cleared through a recognized "central clearing party," somewhere they can monitor the liabilities, if not prevent the clearer going down amid a disorderly run of claims.
He argues that being saddled with greater liability would give manufacturers greater incentive to monitor the behavior of their retailers.
Creditors should bear odious debt liability--be barred from recovering the debt--to the extent that they could have taken measures to reduce the risk of forfeiture or to monitor the use of the money.
It has also failed to develop the technical sophistication of American banks at constantly monitoring the market value of their assets and liabilities.
But who monitors the monitors?
The advisers would confirm their fiduciary status in a written agreement and would agree to accept 100% of the liability for the selection and monitoring of investment options in the plan.
What were the liability issues?
Who bears the liability?
The liability is enormous.
"Her role in the liability is different".
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com