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Bribery is a threat to good governance, sustainable economic development, democracy and people’s welfare. The corrosive effects of bribery can spread across borders, affecting economies and societies everywhere. The ability to address bribery, both domestically and internationally, is impaired by a lack of transparency, accountability and integrity in the public and private sectors.
The OECD and CPI organised a Dialogue on "Improving Transparency and Accountability through Enhanced Tracking of Climate Finance Flows" on 22 September in New York.
English, PDF, 342kb
This document contains the final version of the Effective Approaches as agreed by the G20/OECD Task Force on Institutional Investors and Long-term Financing. This report was submitted to the G20 Finance Ministers and Central Bank Governors for consideration at their meeting in Cairns on 20-21 September 2014.
The Task Force supports the implementation of the G20 High-level Principles on Financial Consumer Protection, specifically to arm policy makers and financial authorities with a body of knowledge, including comparative analyses of approaches adopted by a cross-section of economies, to inform their efforts to implement the Principles in their economies.
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The September 2014 update on the BEPS Action Plan, including the delivery of the first set of measures from the BEPS Project as well as enhanced engagement with developing countries.
Washington DC, 10 September 2014: This meeting addressed the evolution of the terrorism threat, the availability and affordability of terrorism risk insurance, the financial liability of governments and short and long-term perspectives.
English, PDF, 509kb
BEPS strategies often take advantage of the interaction between the tax rules of different jurisdictions, so only an internationally co-ordinated effort can effectively respond to this issue. The BEPS Action Plan is based on three core principles: coherence, substance and transparency, and sets forth 15 actions to fundamentally change the rules for the taxation of cross-border profits.
This blog post by Adrian Blundell-Wignall builds on a working paper he published earlier this year titled "The Bitcoin Question: Currency versus Trust-less Transfer Technology".
English, PDF, 450kb
Bank regulatory reform measures are expected to limit the value of implicit bank debt guarantees, even if not plainly targeting such values. These survey results, covering 35 countries, show that no single policy is considered capable of fully eliminating the market perception that bank debt is “special”. A mixture of different and complementary measures is seen to hold greater promise.
English, PDF, 395kb
Since the 1980s, OECD investment-saving correlations – as an inverse measure of economic openness – indicate a very wide disparity of openness between the OECD and emerging market economies (EMEs) with an absence of open markets in the latter. Given the increasing weight of EMEs in the world economy, this paper warns that this pattern of growth with disparity of openness is ultimately unsustainable.