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Drawing on the experience of the pensions and other financial sectors, this paper examines what sort of risk-management framework pension funds should have in place. Such frameworks are broken down into four main categories: management oversight and culture; strategy and risk assessment; control systems; and information and reporting. Ways in which supervisory authorities can check that such systems are operating are also considered,
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Presentation on Competition Assessment, by Sean Ennis.
State-owned enterprises (SOEs) play an important role in the ownership landscape and in global markets. How well these state-owned enterprises are governed has a significant impact on their performance and value, as well as on public finances, economic growth and competitiveness. This Guide facilitates the practical implementation of the OECD Guidelines on Corporate Governance of State-Owned Enterprises in the areas of transparency
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Financial markets have recovered substantially but vulnerabilities remain significant. Ample liquidity may lead to new bubbles, particularly in some emerging markets, and uncertainties about governments’ exit strategies and regulatory changes weigh on a fledgling upswing. Co-ordination and communication of exit policies will be important, and exit from policy stimulus should not be precipitated at the current juncture. While financial
Weak governance zones are defined as countries where governments are unable or unwilling to assume their responsibilities. Multinational enterprises recognise that they represent some of the most difficult investment environments. This Risk Awareness Tool helps them to identify some of the special risks that arise in these environments, those that are linked to government failures. It covers such topics as obeying the law and
The Spanish government announced on Friday, 29 January, its intention of postponing the retirement age from 65 to 67 and to increase the number of contribution years used to calculate pension benefits. The OECD believes that these measures are important steps in the right direction and would bring Spain closer in line with other OECD countries who have already reformed their pension systems.
El gobierno español anunció el viernes pasado su intención de elevar la edad oficial de jubilación de 65 a 67 años, y de aumentar el numero de años necesario para calcular la pensión. La OCDE considera muy positivas dichas medidas.
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The IOPS Principles for Pension Supervision are designed to cover occupational and personal pension plans and pension funds.
Adrian Blundell-Wignall talks about the impact of US proposals for banking reform and how they can help avoid a new financial crisis.
The MENA-OECD Task Force on Corporate Governance of SOEs will take place in Paris, France on 1 March 2010. Focus of this particular meeting will be on two governance reform topics that task force members have identified as priorities for the region: Transparency and Accountability The selection and quality of SOE boards This meeting has been jointly organised with the Hawkamah Institute of Corporate Governance with support from the