Bid rigging costs governments and taxpayers billions of dollars every year. In 2011, the OECD will for the first time directly assist a member country, Mexico, as it implements tighter public procurement processes.
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This report was approved and adopted by the Working Group on Bribery in International Business Transactions on 16 December 2010.
Iceland must do more to ensure its law enforcement authorities are coordinated and adequately resourced to investigate and prosecute economic and financial crime, including foreign bribery, says the OECD in a new report.
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This report was approved and adopted by the Working Group on Bribery in International Business Transactions on 15 December 2010.
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The OECD/IOPS Good Practices for Pension Funds’ Risk Management Systems aim to outline the main features of risk management systems which pension funds employ. They cover the role of management in the risk management process, look in more detail at investment risk, funding risk and operational risk (including outsourcing) control, and the risk management mechanisms which might be in place (including monitoring and reporting). The
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Representatives of the financial services sector met in October 2010 to discuss sovereign debt challenges faced by banking systems and bond markets. This article summarises these discussions which covered the current outlook and risks - including capital flows and global rebalancing, sovereign risks and challenges for the banking sector.
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Southeast Asian economies have shown considerable resilience during the current global financial and economic crisis due to national and regional policy responses to the Asian Crisis of 1997/98 that improved the soundness of banking systems, strengthened frameworks to deal with foreign currency liquidity problems, and developed bond markets. This paper discusses the economies and financial systems of Southeast Asia (SEA) and focuses
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This paper suggests avenues for strengthening the governance and management of the Japanese Government Pension Investment Fund (GPIF), the largest single pool of pension assets in the world.
This Toolkit assists pension supervisors to identify potential risks faced by pension plans or funds and assess the financial and operational factors in place to minimise and mitigate those risks.
This consultation with the private sector and civil society will focus on the application of anti-bribery compliance measures to small- and medium-sized enterprises and the OECD Good Practice Guidance on Internal Controls, Ethics and Compliance.