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The OECD has shown its commitment to this strand of G20 work by providing your Leaders with key global principles to enhance financial consumer protection in 2011 at the Cannes Summit; and by promoting the development of consistent financial education strategies with the High Level OECD/INFE Principles on national strategies for financial education delivered, said Angel Gurría, OECD Secretary-General.
This conference in Nairobi, Kenya, addressed specific issues relating to financial literacy in Africa and the MENA region. It presented the output of the Russia/OECD/World Bank Trust Fund on Financial Literacy and Education.
Big changes are needed to strengthen the capital positions of euro area banks. European banks remain at the heart of the euro area crisis. Despite actions to strengthen banks and build a banking union, confidence in the euro area banking system remains weak, and is likely to remain so until underlying concerns over low capitalisation of some banks are addressed.
Paris, 5 December 2012: This conference addressed the evolution of the terrorism threat and whether current insurance solutions adequately answer the needs of market players in an ever changing risk context.
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This report concludes that actual application of bail-ins, involving bondholders in loss sharing, could effectively reign in perceptions of implicit guarantees for bank debt. However, bail-ins are rare owing to concerns about contagion risks and depositor and investor protection, so implicit guarantees persist.
OECD countries are intensifying their fiscal consolidation efforts, introducing additional measures and extending the time horizon to implement them. Most have announced fiscal consolidation of more than 3% of GDP over the period 2009-15, according to the OECD’s Restoring Public Finances 2012.
OECD Secretary-General Angel Gurría opens the Global Forum on Better Governance for Inclusive Growth held in Paris. The Forum will focus on public sector reforms worldwide and identify lessons learned, good practices and innovative solutions for advancing the governance reforms necessary to foster inclusive growth.
Financial-market complexity shouldn't lead to crisis. There is a better, simpler way: Split the banks.
This methodological framework is intended to help governments develop more effective disaster risk management strategies, particularly financial strategies, building on strengthened risk assessment and risk financing.
OECD Secretary-General Angel Gurría holds a press conference following the G20 Finance Ministers and Central Bank Governors meeting to launch the OECD Methodological Framework on Disaster Risk Management in Mexico City.