The Turmoil and the Financial Industry: Developments and Policy Responses

The situation in financial markets deteriorated over the past year, but government actions have helped to avert an even bigger crisis. While some signs of recovery are on the horizon, the banking sectors in many countries are not yet on solid footing. Recent government programmes that deal with banks’ ‘toxic assets’ are welcome in this regard. But further reaching financial sector reforms such as those recently endorsed by the G20

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• OECD Journal: Financial Market Trends

Private Pensions and Policy Responses to the Financial and Economic Crisis

This article discusses responses to current financial and economic crisis by regulators, supervisors and policy makers in the area of private pensions. These responses are examined in the light of international guidelines, best practices and recommendations to improve the design of private pensions. Policy makers are reminded that private pensions continue to play an important role in a balanced pension system, with security coming

Related Documents

• OECD Journal: Financial Market Trends

OECD Guidelines for Pension Fund Governance

These guidelines aim at setting international standards for the governance of private pension funds, in view of protecting people's pensions from mismanagement and fraud.

Financial literacy and consumer protection - overlooked aspects of the crisis - OECD Recommendation

Release of OECD’s Recommendation on Good Practices on Financial Education and Awareness Relating to Credit, 2009

Methodology for Assessing Implementation of OECD Core Principles of Occupational Pension Regulation: 30 June 2009

Methodology for Assessing Implementation of OECD Core Principles of Occupational Pension Regulation

OECD Recommendation on Core Principles of Occupational Pension Regulation

This OECD Recommendation invites governments to encourage implementation of the Core Principles of Occupational Pension Regulation to assist in meeting those objectives.

Tougher rules needed to protect consumers, says OECD

Financial services firms must make sure their customers understand what they are letting themselves in for when they sign up for mortgages, consumer loans and other products, under new OECD guidelines designed to avoid a repeat of the sub-prime mortgage crisis.

G8 Summit to discuss principles and standards for global business dealings

One of the agenda items at the G8 Summit in L’Aquila this week is expected to be a discussion of a proposed new “Global Standard” for international business dealings.

Economic Survey of Austria 2009: Facing the financial crisis

Austria entered the most severe recession in decades. This triggered prompt policy measures to stabilise the real economy and financial markets, which will deteriorate significantly the fiscal position.

Why a Global Standard for a stronger, cleaner, fairer economy?

The range of existing instruments listed and explained in this 190-page document, including policy recommendations, guidelines and principles of best practice, is extremely rich. Alongside OECD instruments such as the Anti-Bribery Convention, Principles of Corporate Governance and Guidelines for Multinational Enterprises, as well as standards and guidelines on everything from taxation and competition to development aid and public