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Resorting to crisis cartels would go against the two decade-long trend of tougher enforcement of cartels in developing and industrialised countries. As a practical matter, governments should have the procedures to evaluate such cartels during economic crises. Any exempted cartel should be granted a finite lifetime and be subject to review according to pre-specified criteria.
Alternative measures are available to governments that can
This meeting focused on pension industry developments in South Africa and in the Africa region, the coverage and adequacy of pension systems and using pension savings for long term investment and economic development.
Un nuevo informe de la OCDE señala que México ha logrado avances, pero necesita dar mayor prioridad a la persecución del cohecho y garantizar que sus autoridades de procuración de justicia cuenten con todas las capacidades y recursos necesarios
Mexico has improved, but needs to give greater priority to the criminal enforcement of bribery and ensure that its criminal law enforcement authorities have all the resources and expertise they need to seriously investigate all allegations, according to a new OECD report.
Korea has improved its information and intelligence gathering capacity in foreign bribery cases, but should be more proactive in investigating allegations, according to a new OECD report.
G20 finance ministers have agreed new principles on financial consumer protection developed by the OECD. “Without consumer trust and confidence we could jeopardise the basis for global economic recovery and growth,” said OECD Secretary-General Angel Gurría.
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This new document, developed by the OECD International Network on Financial Education (INFE), provides national authorities and other interested bodies with a core questionnaire that can be used to survey levels of financial literacy and detailed guidance on how to implement such a survey.
The ongoing crisis illustrates all too well the importance of trust and confidence for the proper functioning of our financial systems and, in turn, our economies. Consumers are at the heart of the system. They should feel capable, knowledgeable, safe and secure in their dealings with financial services providers and their intermediaries, said Angel Gurría.
This Working Group on Bribery consultation with the private sector and civil society will focus on considerations that should be taken into account when performing international business transactions that are subject to anti-bribery legislation in multiple jurisdictions.
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During the financial crisis many governments aided both the financial and non-financial sectors in their countries on an unprecedented scale. These emergency measures have in some cases taken precedence over competition rules. In particular the fact that governments helped some banks but not others has weakened competition in some markets, with “too big to fail” institutions commanding a higher market share than previously. This has