State regulation of pension assets international investing

Abstract

This article focuses on the international investment in the pension funds assets and the achievement of the optimal balance of risk and portfolio investment income accumulation. In the present situation of the risks that arise from the investment of assets in international financial markets, on argues whether state regulation of pension assets international investment is necessary. This paper studies the experience of state regulation of assets mandatory funded pension funds of international investment in the EU countries of Central and Eastern Europe: Bulgaria, Estonia, Latvia, Lithuania, Poland, Slovakia, and Hungary. The study of foreign experience allowed us to systematize quantitative restrictions in international investment in pension assets in these countries. The features of the international investment of pension assets in these countries are found. This article seeks also to determine the composition of government regulation of accumulating pension funds asset in international investment, including the subject and object, objectives and means, forms and tools. Positive and negative effects of quantitative restrictions on pension assets in international investment are shown. Practical recommendations are offered for state regulation of Ukrainian accumulation of pension funds asset international investment. Eventually, the paper shows perspectives for further research.