The deployment of Artificial Intelligence (AI) in the financial sector is bringing both benefits and new or amplified risks. While supporting AI-driven innovation in finance, the OECD’s Iota Nassr looks at some of these risks and the different tools policy makers can use to address them.
By Mariia Melnyk One of the biggest risks to the integrity and lawfulness of public procurement is bidder collusion, also called bidder conspiracies or cartels. Cartels engage in price fixing and this is often accompanied by a decline in quality and innovation. OECD research shows that public procurement averages around 12% of GDP across OECD … Continue reading Ukraine’s e-procurement system can help Ukrenergo to foster competition and fight bid rigging
Emerging markets have increasingly been using macroprudential policy to mitigate risks from high currency exposures in both banks’ and firms’ balance sheets. One widely-used tool is foreign exchange (FX)-differentiated reserve requirements.
As the world begins to re-build and re-design in the wake of the pandemic, OECD's Greg Medcraft and Allan Jørgensen look at the contribution OECD instruments on responsible business conduct can make to help drive responsible climate action.
Anna Griffin outlines how a new project by Transparency International Australia will identify the loopholes that enable corruption to thrive in the infrastructure sector in the Asia-Pacific region
Economies in the MENA region are striving to create a business environment that attracts foreign direct investment. The OECD’s Sarah Marion Dayan throws a spotlight on what governments can do to leverage investment and support development goals.
How do the youth of today define trust in business and what significance does it bear on our lives and our futures? We are three young women who were born and raised on three different continents who have sought to find answers to this seemingly complex but important question.
The difference in retirement income between men and women averages 26% across OECD countries, clearly signaling gender inequality despite efforts by governments in recent decades to reduce the gender gap in pension systems. The growing role of retirement savings arrangements within pension systems calls for a deeper analysis of their contribution to this gender pension gap.
Digital platforms may absorb competitors through envelopment acquisitions, to build ecosystems. Daniele Condorelli discusses how some recent envelopment attacks may result from the desire to acquire valuable sources of data rather than products to maintain a position of market power.
Should competition law take sustainable development goals into account and, if so, how can this be done? Julian Nowag highlights that many competition authorities are already addressing these questions and posits that sustainability and competition goals may not necessarily be in conflict ahead of the 2021 OECD Competition Open Day discussion on the topic.