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The G20 has spearheaded a major overhaul of  the international banking and prudential regulatory framework, adopted common standards and principles on financial consumer protection and financial education, and discussed the reform of the international financial architecture. The OECD has shared its expertise in the following areas: 



In 2010, the G20 asked the Financial Stability Board (FSB) to work in collaboration with the OECD and other international organisations to explore and report back on several topics prior to the Cannes Summit. These issues included options to advance financial consumer protection (FCP) through informed choice and disclosure; transparency and education; protection from fraud, abuse and errors; and recourse and advocacy.

Upon the request of the G20, the OECD and the Financial Stability Board (FSB) developed the High-Level Principles on Financial Consumer Protection. The Principles were endorsed by Finance Ministers in Paris on October 15, 2011 and by Leaders at the Cannes Summit. In July 2012, the Principles were adopted by the OECD Council as a Recommendation, thereby expanding the coverage of the principles to include all OECD member countries.

Leaders in Los Cabos endorsed an Action Plan of the G20/OECD Task Force on Financial Consumer Protection to develop effective approaches to support the implementation of the High-Level Principles on Financial Consumer Protection. As per this request, the OECD delivered an updated report at the Saint Petersburg Summit (pdf) which focused on identifying effective approaches to support the implementation of three of the 10 principles (disclosure, responsible business conduct and complaint handling). Under the Turkish Presidency in 2015 the G20/OECD Task Force on FCP also reported on effective approaches to support the implementation of other G20 High-Level Principles on FCP.


Responding to the priority given by the Mexican Presidency on issues related to financial inclusion, the OECD was asked to share its expertise on financial education and literacy, resulting in the OECD/International Network on Financial Education (INFE) and the High Level Principles on National Strategies for Financial Education.

In June 2012, the Leaders endorsed these principles, and called on the OECD/INFE and the World Bank in co-operation with the Global Partnership for Financial Inclusion (GPFI) to deliver further tools to promote financial education. The OECD/INFE have continued to work on this issue by providing inputs to the Turkish G20 Global Partnership for the Financial Inclusion working group, including financial education for migrants, youth, and potential entrepreneurs. 


The OECD was a participant in the G20 International Monetary System (IMS) Working Group and the sub-group on Capital Flows Management under the French G20 Presidency. Within the IMS Working group, the Organisation shared its 50-year experience with the OECD Codes of Liberalisation of Capital Movements and its analysis of structural policies as instruments to reduce global imbalances and the volatility of capital flows. Since May 2011, this instrument is open for adherence by non-OECD countries.

The OECD also contributed to the development of the G20 Action Plan to support the development of local currency bond markets (LCBMs) in emerging market economies and has participated in the G20 Working Group on the International Financial Architecture, which was set up to supervise, inter alia, progress on the implementation of the Action Plan on LCBMs.

Within this G20 Action Plan, the OECD has developed databases on Central Government Debt and African Central Government Debt, as well as covered issues related to public debt management and government bond markets of the Diagnostic Framework.

Finally, The OECD also has provided advisory assistance through its Global Forums, the OECD-Italian Treasury-WB Network for Public Debt Management in Emerging Markets and the Centre for African Public Debt Management and Bond Markets.

Under the upcoming Chinese Presidency, the OECD will contribute to the work of the newly re-established International Financial Architecture Working Group, based on the organisation’s multifaceted expertise in this realm (including the Codes).



Briefing by the Russian G20 Sherpa Ksenia Yudaeva - 13 June 2013

Ksenia Yudaeva
Russian G20 Sherpa

"We recognize the need for women and youth to gain access to financial services and financial education, ask the GPFI, the OECD/INFE, and the World Bank to identify barriers they may face and call for a progress report to be delivered by the next Summit" - G20 Leaders Declaration, June 2012

The OECD International Network on Financial Education (INFE) comprises institutions from more than 100 countries to develop policy analysis and guidance on key relevant financial education issues. The OECD/INFE is committed to supporting women’s financial empowerment and the related G20 agenda by providing policy evidence, analysis, and guidance to help policy makers address women’s needs for financial awareness and education.