By Date

  • 30-March-2020


    Structural developments in global financial intermediation: The rise of debt and non-bank credit intermediation

    This paper examines global credit intermediation through the lens of financial markets and financial intermediaries in the post-crisis period during which highly accommodative monetary policies contributed to investors’ search for yield. It reviews the extent to which non-bank intermediation contributed to the rise of sovereign and corporate debt levels and exuberance in global credit markets. It also assesses forms of market-based finance that are contributing to financial vulnerabilities, including leverage loans and collateralised loan obligations (CLOs), fixed-income investment funds, and bank contingent convertible debt. Post-crisis policy frameworks should adapt to the shift toward market-based finance in many countries to allow better consideration of the interactions between monetary, prudential, and regulatory tools with respect to credit intermediation and risks. Policies should also consider the optimal combination of macroprudential and activities-based tools in non-bank credit intermediation to address vulnerabilities without undermining the benefits of market-based finance.
  • 19-March-2020


    OECD Due Diligence Guidance for Responsible Business Conduct

    The OECD Guidelines for Multinational Enterprises recommend that enterprises conduct due diligence in order to identify, prevent or mitigate and account for how actual and potential adverse impacts are addressed. This Due Diligence Guidance provides practical support to enterprises by providing plain language explanations of due diligence recommendations and associated provisions.

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  • 17-March-2020


    Exploring options to measure the climate consistency of real economy investments - The manufacturing industries of Norway

    This paper presents results from a first pilot study to measure the consistency of real economy investments with climate change mitigation objectives. The analysis focuses on investments in infrastructure and equipment in the manufacturing industries in Norway between 2010 and 2017, estimated at USD 2.5 billion per year on average. The consistency or inconsistency of these investments is then measured at subsector level based on two readily available reference points: the European Union Taxonomy for Sustainable Activities, and a 2°C scenario for the Nordic region from the International Energy Agency. The analysis further identifies sources of financing in these subsectors and discusses future investment and financing challenges, in light of more ambitious forward-looking decarbonisation targets and needs. Finally, the study draws methodological conclusions and calls for further pilot studies in order to improve and scale up such analysis at international level, including in terms of using different or complementary reference points specifically aligned to the temperature goal of the Paris Agreement.
  • 16-March-2020


    Conference on business responsibilities and investment treaties

    Postponed until further notice - The 6th annual OECD Investment Treaty Conference will explore how governments are integrating policies relating to business responsibilities into their trade and investment treaties, and potential policy options.

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  • 25-February-2020


    Public consultation on business responsibilities and investment treaties

    Investment treaty policy makers are increasingly faced with pressures to integrate policies relating to business responsibilities into investment treaties. As policy makers contemplate whether and how to respond in their particular field, they need to understand the broader framework for business responsibilities.

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  • 18-février-2020


    La dette obligataire des entreprises continue de s'accumuler

    Le volume de la dette des entreprises a atteint, en termes réels, le niveau sans précédent de 13 500 milliards USD fin 2019, sous l’effet d’un retour à des politiques monétaires plus expansionnistes en début d’année. Parallèlement, une détérioration de la qualité globale de cette dette a été observée, d’après une nouvelle étude de l’OCDE.

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  • 13-February-2020


    Responsible Supply Chains in the Garment and Footwear Sector

    Adopted in 2017, the OECD Due Diligence Guidance for Responsible Supply Chains in the Garment and Footwear Sector establishes a common understanding of due diligence in the sector to help companies meet the due diligence expectations laid out in the OECD Guidelines for Multinational Enterprises.

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  • 12-February-2020


    Alignment assessment of industry initiatives for due diligence in the garment and footwear sector

    The OECD Due Diligence Guidance for Responsible Supply Chains in the Garment and Footwear Sector is used as the benchmark for due diligence by many industry and multi-stakeholder initiatives. The Alignment Assessment process serves to evaluate the alignment of the standards and implementation of these initiatives with the recommendations in the Guidance.

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  • 10-February-2020


    The most favoured nation and non-discrimination provisions in international trade law and the OECD codes of liberalisation

    This paper sheds light on the two types of non-discrimination provisions considered the founding stones of the multilateral system: the most favoured nation (MFN) clause - as developed under the GATT and GATS - and the non-discrimination clause among countries adhering to the OECD Codes of Liberalisation.

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  • 31-January-2020

    English, PDF, 320kb

    Mexico Policy Brief : Improving business environment and investment

    Investment remains weak, dampening growth, formal job creation and wages.International rankings signal that while Mexico has made significant efforts, there is room to improve regulations at regional and local levels.

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