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The issue of financial innovation and consumer protection is mostly about access and suitability. Access refers to a situation in which affordable, mainstream financial products are available to all segments of the population across the range of income levels and demographic characteristics. Suitability addresses the appropriateness of the products for particular consumer groups. Innovative products will tend generally to be either
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This document reproduces the Report by the Chair of the Annual Meeting of the National Contact Points (NCP) which was held in June 2010. This report reviews NCP activities as well as other implementation activities undertaken by adhering governments over the June 2009 - June 2010 period.
Twenty-eight jurisdictions from the Asia-Pacific region have adopted recommendations on fighting domestic and international bribery.
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The OECD Competition Committee debated the application of competition rules to state owned enterprises and the principle of competitive neutrality in October 2009. This document includes an executive summary, a background note and an issues paper by Mr. Antonio Capobianco for the OECD and country contributions from Brazil, Canada, Chile, China, Czech Republic, European Commission, Finland, France, Germany, Greece, India, Indonesia,
At the heart of the crisis are failures of financial regulation, of supervision, of risk management and of corporate governance.
The Society of Corporate Compliance and Ethics (SCCE) has awarded its International Compliance Award to the OECD and its Working Group on Bribery.
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The various existing methods for calculating short-term borrowing requirements can result in distorted estimates. This article proposes a new method that yields economically meaningful results that can also be used to make cross-country comparisons.
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Current interest rates have been conducive to financial institutions assuming exposure to interest rate risks but, with interest rates expected to rise and yield curves likely to flatten, new challenges may be in store. This article draws attention to the increased risks and possible negative effects that the still-fragile banking sector could face in light of these developments.
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The first issue of the Statistical Yearbook on African Central Government Debt was published earlier this year. This article provides an overview of the publication which contains comprehensive and consistent information on African central government debt instruments. It includes both individual country data and comparative statistics to facilitate cross-country analysis.
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This article summarises discussions held at the 11th OECD-WBG-IMF Global Bond Market Forum where withdrawal of policy stimulus and sovereign risk were singled out as the two biggest concerns for investors. It addresses the continuing challenge of measuring sovereign risk, the need for more reliable indicators of sovereign risk to help make appropriate investment decisions and how difficult circumstances have forced sovereign issuers