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.
The world economy is recovering, but many challenges remain to eliminate global imbalances. Countries must address the crucial question of capital movements while deepening their commitment to structural reforms, according to OECD Secretary-General Angel Gurría.
At the heart of the crisis are failures of financial regulation, of supervision, of risk management and of corporate governance.
Speaking at a conference in Berlin, Angel Gurría says that a new architecture of financial reform together with sustainable fiscal consolidation strategies, structural reforms and efforts to explore new sources of growth will be essential to build a stronger, cleaner and fairer world economy.
Lors du colloque sur la refondation du système monétaire international, A. Gurría a appelé à une réforme du système financier pour qu’il joue son rôle de soutien à l’activité économique et qu’il ne provoque pas d’autre crise systémique.
Remarks by Pier Carlo Padoan at the release of the 2010 edition Of Going For Growth on March 10, 2010
Adrian Blundell-Wignall talks about the impact of US proposals for banking reform and how they can help avoid a new financial crisis.
U.S. President Barack Obama’s plan to separate core commercial banking from some higher-risk activities in financial conglomerates and to place a moratorium on further consolidation could help to avoid a new financial crisis by resolving some major risks inherent to the current financial system.
Solange Berstein talks about what other countries can learn from Chile's pensions reforms of the past 12 months.
What caused the global financial crisis, and what direction should the policy reform agenda take? Why did residential mortgage-backed securities and credit default swaps explode from around 2004? Adrian Blundell-Wignall discusses the origins of the financial crisis and requirements for reform at the New America Foundation on 13 October 2009, as part of the OECD Breakfast Series.