Latest Documents

Expanded Government Guarantees for Bank Liabilities: Selected Issues

Government provision of a safety net for financial institutions has been a key element of the policy response to the current crisis. In the process, existing guarantees have been expanded and new ones introduced, including, in particular, in relation to bank liabilities. Among other things, such guarantees create costs that arise as a result of potential distortions of incentives and competition. To limit such distortions it is

Mark Pieth on the Foreign Corrupt Practices Act

The "Global Standard” of the 21st Century

The economic crisis has generated an urgent need to restore confidence in our future and make the world economy stronger, cleaner and fairer. There is growing political consensus on the need to develop a set of common principles and standards in order to ensure a more stable and sustainable development of the global economy, according to the OECD Secretary-General.

Security-Related Terms in International Investment Law and in National Security Strategies

Building a workable framework for international investment policy requires developing a mutually-understood vocabulary for key policy terms. This fact-finding study, prepared in support of discussions at a March 2009 “Freedom of Investment” Roundtable hosted at the OECD, explores the meaning of three terms – essential security interests, public order and national security – that are used frequently in international policy dialogue,

Retirement Saving and the Payout Phase: how to get there and how to get the most out of it

In the wake of a dramatic financial crisis and with the first waves of baby boomers approaching retirement we hardly need to think about how best arrive at the pension funds’ payout phase. This paper argues that there is a urgent need to raise retirement saving, to reduce defined contribution plan members’ exposure to investment risks and to provide the financial industry with cheap and safe payout instruments. These challenges are

Risk Management & Corporate Governance: report

This paper portrays a picture of Corporate Governance in The United Kingdom, the United States of America and France in the banking sector being severely challenged in an extreme Financial Crisis that has seen household banking names run into trouble, some to fail and others to be taken into various degrees of national ownership. Corporate Governance is stretched to the extent that it is distressed and has been unable to cope with the

Statement by OECD Secretary-General and DAC Chair to the World Bank-IMF Development Committee

This statement outlines OECD's response to the crisis and OECD perspectives on the Development Committee agenda. It was presented at the joint World Bank-IMF Development Committee meeting in Washington on 26 April 2009 by Mr. Angel Gurria, OECD Secretary-General, and Mr. Eckhard Deutscher, Chair of the OECD Development Assistance Committee (DAC).

Latin America: 10th OECD-IAIS-ASSAL Conference on Insurance Regulation and Supervision

This conference focused on corporate governance of insurance companies, the role of financial intermediaries in financial education and annuities and pension.

Statement by OECD Secretary-General to the International Monetary and Financial Committee

In the midst of the deepest and most synchronised recession in our lifetimes, OECD's Gurría encourages a policy response which addresses the social impact of the crisis and repairs the financial system.

Working Paper 36: Private pensions and policy responses to the financial and economic crisis

This paper 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.