El papel de América Latina en la construcción de un nuevo sistema financiero y económico internacional tiene que ser relevante. La experiencia acumulada en la gestión de crisis financieras y programas de recuperación en la región es importante, según el Secretario general de la OCDE.
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The Report examines the experience of a number of financial institutions and concludes that the financial crisis can be to an important extent attributed to failures and weaknesses in corporate governance arrangements. The risk management systems have failed in many cases due to corporate governance procedures rather than technical problems. Remuneration systems have amplified such risk management weaknesses. The responsibility for
Although the European authorities should be commended for the progress they have made in updating and improving frameworks and responding to the financial turmoil, more can be done.
The global financial crisis that emerged in mid 2007 has caused considerable economic disruptions in the United States and elsewhere, and exposed major flaws in the global financial system.
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In this paper we review the legal framework of private pension fund regulation and supervision in economies, including Australia, Chile, Hong Kong China, Poland, Turkey, the United Kingdom and the United States.
This overview paper examines the financial crisis in light of past country experience and economic theory and sets out some preliminary policy recommendations.
OECD Secretary-General Angel Gurría has welcomed the decision by G7 Finance Ministers to work towards setting up a set of common principles on integrity, transparency and propriety in global financial and business transactions.
Experts from the IMF, the OECD, and the World Bank met on 4 February in Paris to exchange views and co ordinate responses to the global economic crisis.
In his remarks delivered in Rome, Angel Gurría has welcomed the decision by G7 Finance Ministers to work towards setting up a set of common principles on integrity, transparency and propriety in global financial and business transactions.
Private Pensions Outlook 2008 focuses on the implications for pensions and private pensions policy of the financial crisis, in-depth, international analyses of private pension arrangements across OECD and selected non-OECD countries, the role of pension funds and public pension reserve funds which complement the financing of social security systems.