Insurance and pensions

G20-OECD High-level Principles of Long-term Investment Financing by Institutional Investors

 

16 Nov 2014 - In their Brisbane Summit communiqué, G20 leaders prioritised work to "facilitate long-term financing from institutional investors". Contributions by the G20/OECD Task Force on Institutional Investors and Long-term Financing included:



Background

In February 2013, G20 Finance Ministers and Central Bank Governors encouraged the OECD to develop High-level Principles on Long-Term Investment Financing by Institutional Investors for consideration at the G20 Summit in Saint Petersburg on 5-6 September ‌2013. These high-level principles are intended to help governments facilitate and promote long-term investment by institutional investors, particularly among institutions such as pension funds, insurers and sovereign wealth funds, that typically have long duration liabilities and consequently can consider investments over a long period.

 

The OECD-led Task Force on Institutional Investors and Long-Term Financing, which is open to G20, FSB, APEC members and relevant international organisations, started work on developing these principles in March 2013. 

 

The development process involved consultations with relevant stakeholders and the OECD invited comment on the draft text via a publication consultation which took place between 2-24 May 2013. Based on comments received during the public consultation, a further draft was discussed by the Task Force at its meetings on 27 May and 17 June.

 

G20 Finance Ministers and Central Bank Governors welcomed the Principles at their July 2013 meeting and called on the OECD to identify approaches to their implementation.

 

G20 Leaders endorsed the Principles at the Summit meeting in Saint Petersburg on 5-6 September ‌2013.

 

Contact

Any requests for further information should be addressed to Mr. Pablo Antolin (pablo.antolin@oecd.org).

 

DOCUMENTS AND LINKS

OECD project on institutional investors and long-term investment

 

Joint Ministerial Statement by APEC Finance Ministers welcomes the G20/OECD High-Level Principles, 20 September 2013 

 

G20 leaders endorse new G20/OECD principles on long-term investment financing, 6 September 2013

 

G20/OECD High-level Principles of Long-term Investment Financing by Institutional Investors 6 September 2013 

 

APEC/OECD Seminar on Infrastructure Financing,
29 August 2013, Palembang, Indonesia

 

G20/OECD High-level roundtable on institutional investors and long-term investment, 28 May 2013, Paris

 

Timeline

Feb-Sept 2013

Feb Communiqué by G20 Finance Ministers and Central Bank Governors encourages the OECD to develop high-level principles
March OECD-led Task Force on Institutional Investors and Long-Term Financing starts developing the high-level principles
April Task Force meets to discuss first draft of the high-level principles
2-24 May OECD invites comment on the draft principles via an online public consultation
27 May Task Force meets to review a revised draft based on comments received
17 May Task Force meets for the final review of the draft
18-19 July G20 Finance Ministers and Central Bank Governors discuss final draft
5-6 Sept High-level principles are endorsed by G20 Leaders at the summit in Saint Petersburg
20 Sept APEC finance ministers issue statement welcoming the principles

 

 

 

 

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