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The situation in financial markets deteriorated over the past year, but government actions have helped to avert an even bigger crisis. While some signs of recovery are on the horizon, the banking sectors in many countries are not yet on solid footing. Recent government programmes that deal with banks’ ‘toxic assets’ are welcome in this regard. But further reaching financial sector reforms such as those recently endorsed by the G20
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This article discusses responses to current financial and economic crisis by regulators, supervisors and policy makers in the area of private pensions. These responses are examined in the light of international guidelines, best practices and recommendations to improve the design of private pensions. Policy makers are reminded that private pensions continue to play an important role in a balanced pension system, with security coming
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These guidelines aim at setting international standards for the governance of private pension funds, in view of protecting people's pensions from mismanagement and fraud.
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Methodology for Assessing Implementation of OECD Core Principles of Occupational Pension Regulation
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This OECD Recommendation invites governments to encourage implementation of the Core Principles of Occupational Pension Regulation to assist in meeting those objectives.
Financial services firms must make sure their customers understand what they are letting themselves in for when they sign up for mortgages, consumer loans and other products, under new OECD guidelines designed to avoid a repeat of the sub-prime mortgage crisis.
Release of OECD’s Recommendation on Good Practices on Financial Education and Awareness Relating to Credit, 2009
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Financial Education and the Crisis: Policy Paper and Guidance, OECD 2009
The 38-country OECD Working Group on Bribery welcomed recent progress by Turkey in its efforts to comply with the OECD Anti-Bribery Convention.
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On 18 June 2009, the OECD Working Group on Bribery approved the Phase 2bis monitoring report for Turkey.