This paper proposes a framework to help policymakers think about how best develop a national strategy to hedge against the massive economic burden of extreme events that could hit their country tomorrow, focusing specifically on the role that risk transfer mechanisms alternative to traditional insurance can play.
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Discussions at this conference focused on how financial reforms should provide a better, sustainable balance between stability and growth and how measures to strengthen the savings-investment channel should foster sustainable growth and development.
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This article examines the impact of labour, financial and demographic risks on retirement income from DC pension plans, with a special emphasis on labour-market risk.
This special report assesses the impact of the crisis on the insurance sector and reviews policy responses within OECD countries.
OECD Secretary-General talks of the need to promote a significant shift in policy-making to introduce together a new era that favours long term investments for sustainable development, at the Eurofi High Level Seminar in Paris.
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New restrictions on the short selling of sovereign debt have been proposed in response to major threats to financial market stability and market confidence. This article voices the concerns of debt managers that the proposed changes could push their borrowing costs up.
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This article looks at the types of risks that may be associated with complex financial groups and analyses the available policy options for satisfying the core policy objectives of safety and soundness, systemic stability, and conduct of business.
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Ten years ago, corporate governance was a nascent concept in the Middle East and North Africa (MENA). This article charts the evolution of corporate governance across the MENA region over this time and proposes potential avenues for future work in this area.
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Europe has been beset by an interrelated banking crisis and sovereign debt crisis. Bond spreads faced by Greece and Ireland, and to a lesser extent Portugal followed by Spain, have increased. This paper explores these issues from the perspective of financial markets, focusing mainly on the four countries in the frontline of these pressures: Greece and Portugal, on the one hand, where the problems are primarily fiscal in nature; and
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Representatives of the financial services sector met in October 2010 to discuss sovereign debt challenges faced by banking systems and bond markets. This article summarises these discussions which covered the current outlook and risks - including capital flows and global rebalancing, sovereign risks and challenges for the banking sector.