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This article argues that the expansion of existing and the introduction of new guarantees for financial institutions has been a key element of the policy response to the recent financial crisis. Essentially, the government expanded its role as the provider of the safety net for banks by adopting the function of a guarantor of last resort. Among the various policy response measures, the expansion of guarantees has the benefit of
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The paper discusses vulnerabilities in selected segments of the insurance sector and identifies specific issues related to the role of the insurance sector in the current financial crisis. The paper is part of a special report on the financial crisis and private pensions and insurance policies which will form part of the “OECD Strategic Response to the Crisis” and it provides a framework for the analysis in that report.
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Intermediaries fulfil a key role in international business transactions. While many of them perform lawful tasks, many also engage in bribery of foreign public officials. This study, initiated in 2007, focuses on the use of intermediaries in cases of bribery of foreign public officials. It provides a definition of intermediaries and reasons for their use before examining several modus operandi, legal and practical issues, and
The financial crisis required governments to make massive interventions in their financial systems. This book sets out priorities for reforming incentives in financial markets as well as for phasing out these emergency measures.
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The “Freedom of Investment" process hosted by the OECD Investment Committee has stepped up monitoring of investment policy developments and will be issuing reports on investment measures throughout 2010. This report was prepared for the 11th Freedom of Investment Roundtable held in October 2009.
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This document reproduces the Report by the Chair of the Annual Meeting of the National Contact Points which was held in June 2009. It provides an account of the actions taken by adhering governments in the 12 months to June 2009 to enhance the contribution of the Guidelines to the improved functioning of the global economy.