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During the financial crisis many governments aided both the financial and non-financial sectors in their countries on an unprecedented scale. These emergency measures have in some cases taken precedence over competition rules. In particular the fact that governments helped some banks but not others has weakened competition in some markets, with “too big to fail” institutions commanding a higher market share than previously. This has
This report examines the interplay between banking competition and financial stability, taking into account the consequences of the recent global crisis and the policy responses it provoked.
This book presents the key findings resulting from discussions held at a series of best practice roundtables on competition and procurement.
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This report on Competition Law, Policy and Enforcement was prepared in the OECD Competition Committee as part of the process of Chile’s accession to OECD membership. The Committee was requested to examine the core competition features and to provide OECD Council with a formal opinion on the willingness and ability of Chile to assume the obligations of OECD membership. In doing so, the Competition Committee assessed the degree of
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Esta revisión de la aplicación de la ley y la política de competencia enChile es parte de una serie de revisiones de las políticas nacionalesemprendidas por el Comité de Competencia de la OCDE. Se redactó comoparte del proceso de adhesión de Chile a la OCDE. Después de completar sus procedimientos internos, Chile se convirtió en miembro de la OCDE, el 7 de mayo de 2010.
Efficient provision of transport infrastructure is critical to economic growth. The long asset lives of much transport infrastructure indicates governance through regulation, rather than through contract or public ownership. This can ensure predictability in long-term relationships whilst preserving some flexibility to deal with changes in external circumstances.
The transparency created by a fully independent regulator is invaluable for ensuring sufficient investment is forthcoming, while maintaining reasonable conditions for user access. Discussion at the Roundtable focussed on how to achieve effective independent regulation and how to reconcile independence with the legitimate control of policy by the executive part of government.
Independent regulation is not seen as a universal default governance arrangement. Much of the discussion focused on when to regulate and when to rely on competition, even if imperfect, to drive efficiency. The discussions underscored that there are opportunities to improve performance significantly in the aviation, rail and road sectors, by learning from successful experience in improving governance structures in a range of countries.
In recent years, the financial sector has been extensively debated at OECD Competition meetings, thereby bringing together a variety of influential actors such as senior competition officials, market regulators, academics and representatives of the business community. Competition Issues in the Financial Sector 2011 presents the key findings from these discussions into a cohesive narrative. It also includes the executive summaries of
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Global current account imbalances widened markedly in the years preceding the global economic crisis.
Administrative simplification in Viet Nam has reached a defining moment. This report details Project 30 and related initiatives. Using international comparisons, it explores how Viet Nam can rapidly bring about the full potential of Project 30.
To date, Poland has adopted a complex administrative simplification programme, based on methods successfully used in other OECD countries. It has two main streams: one focused on simplifying licences and permits, the other on measuring and reducing regulatory burdens.