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The 2011 Asian Roundtable meeting in Bali, Indonesia, focused on challenges and reform priorities in Asia's corporate governance landscape and corporate governance developments in Indonesia.
The Working Paper “The Role of Guarantees in Defined Contribution Pensions” argues that, while there is a clear need to better protect retirement income from financial market volatility, the costs and benefits of investment return guarantees should be carefully evaluated.
This paper examines the role of guarantees in DC pension plans, in particular minimum investment return guarantees during the accumulation phase. The main goal is to assess the cost and benefits of different return guarantees. The report uses a stochastic financial market model where guarantee claims are calculated as a financial derivative in a financial market framework (like e.g. the valuation of a put option). In this context, the
This report analyses the possible implications for public debt management practices arising from regulatory changes for over the counter derivatives (OTCD) that are being developed worldwide to strengthen the resiliency of the financial system. Many OECD sovereigns use OTCD in their debt management activities (mainly interest rate swaps and cross-currency swaps).
The paper argues that judgements play an important role in determining appropriate trade-offs when making issuance choices. The result of the determination of cost and risk factors and judgements about trade-offs is usually a relatively balanced issuance split across the maturity spectrum, along both the nominal and real yield curves.
This report looks at the institutional framework of corporate governance in China through the prism of the OECD Principles of Corporate Governance and assess a broad range of laws, regulations and codes.
This meeting focused on the links between good corporate governance practices, strengthened capital markets and economic growth.
The first meeting of the Network focused on overall frameworks and priorities for SOE governance reforms in the region, challenges for improving SOE boards, and case studies of governance reforms in some of Latin America’s largest SOEs from Brazil, Chile and Colombia.
The OECD Guidelines on Corporate Governance of State-Owned Enterprises give concrete advice to countries on how to manage more effectively their responsibilities.
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Financial policy reforms urgently need to address containing the huge risks taken by the SIFIs that encompass the global derivatives business. This paper analyses the global derivatives business and makes recommendations for policy reforms that encourage financial stability.