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The financial crisis exposed serious flaws in the European framework for cross-border banking, including deposit insurance. Iceland’s experience shows that sizeable cross-border banking operations in small countries with their own currency come with very significant risks.
In the wake of the 2010 earthquake, this paper considers policy options for expanding the proportion of future Chilean earthquake losses that would be covered via new and expanded risk transfer mechanisms.
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This speech discusses policy responses to financial crises, with a particular focus on the US experience with government intervention during the 2008-09 financial crisis. It also reflects on the possibilities for conducting crisis management without financial guarantees.
This financial literary conference will focus on designing and establishing effective financial education initiatives to support and protect consumers.
This meeting focused on pension industry developments in South Africa and in the Africa region, the coverage and adequacy of pension systems and using pension savings for long term investment and economic development.
Les ministres des Finances du G20 ont approuvé de nouveaux principes élaborés par l’OCDE sur la protection des consommateurs de services financiers. Ces principes s’inscrivent dans une initiative du G20 visant à restaurer la confiance des consommateurs à l'égard du secteur financier.
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This new document, developed by the OECD International Network on Financial Education (INFE), provides national authorities and other interested bodies with a core questionnaire that can be used to survey levels of financial literacy and detailed guidance on how to implement such a survey.
The ongoing crisis illustrates all too well the importance of trust and confidence for the proper functioning of our financial systems and, in turn, our economies. Consumers are at the heart of the system. They should feel capable, knowledgeable, safe and secure in their dealings with financial services providers and their intermediaries, said Angel Gurría.
This symposium focused on bank failure resolution and crisis management, in particular, the use of guarantees and the spill-overs between the credit qualities of sovereigns and banking systems.
The Working Paper “The Role of Guarantees in Defined Contribution Pensions” argues that, while there is a clear need to better protect retirement income from financial market volatility, the costs and benefits of investment return guarantees should be carefully evaluated.