From “DeFi summer” to “crypto winter”: leverage, liquidations and policy implications

January 31, 2022February 15, 2022 ~ oecdonthelevel ~ Leave a comment

Decentralised Finance or ‘DeFi’ is the latest development in the crypto-asset space, and claims the potential to replicate the traditional financial system in an open, decentralised, permissionless and autonomous way, through applications built on the blockchain. Given the rapid growth of DeFi and commensurate risks, OECD’s Iota Nassr highlights why policy makers need to monitor this market closely and eventually take action to mitigate emerging risks.

The important role of competition authorities in promoting competitive neutrality

November 29, 2021November 30, 2021 ~ oecdonthelevel ~ Leave a comment

The competition policy community often focuses on the actions of companies, but the state may also adopt measures that significantly distort the competitive landscape. In the run-up to the 2021 Global Forum on Competition, the OECD’s Jordi Calvet Bademunt and Sophie Flaherty analyse how state intervention can affect competitive neutrality and the main tools available to competition authorities to help ensure a level playing field.

What can economics contribute to abuse of dominance investigations?

November 17, 2021November 29, 2021 ~ oecdonthelevel ~ Leave a comment

Any investigation by competition authorities of an alleged case of abuse of dominance by firms with substantial market power will be informed, at least in some part, by economics. OECD’s Richard May explores the role economics plays in competition enforcement and highlights some of the complexities and options relating to its effective use in the run-up to the 2021 Global Forum on Competition.

Making investment work for green growth

October 25, 2021June 27, 2022 ~ oecdonthelevel ~ Leave a comment

Foreign direct investment (FDI) that fosters green growth and development while preserving natural assets will make a key contribution to efforts to curb climate change and achieve the SDGs. In the run-up to COP26, the OECD’s Iris Mantovani explores the contribution of FDI to lowering carbon emissions and advancing green growth.

Trade and Competition: Best Friends Forever?

October 19, 2021November 29, 2021 ~ oecdonthelevel ~ Leave a comment

The links and interactions between trade and competition are at the forefront of the international policy debate as governments seek to recover from the human and economic impacts of the COVID-19 pandemic. OECD’s Ruben Maximiano and Lorena Giuberti Coutinho share their views on the implications state intervention can have on competition and trade policy.

How can corporate governance frameworks adapt to the impact of COVID-19 and other new realities?

October 14, 2021October 20, 2021 ~ oecdonthelevel ~ Leave a comment

As a review of the OECD/G20 Principles of Corporate Governance gets underway, OECD’s Daniel Blume and Serdar Çelik take a look at what is in store for corporate governance frameworks

Stronger Together: Improving Security and Human Rights in Mineral Supply Chains

October 14, 2021October 18, 2021 ~ oecdonthelevel ~ Leave a comment

Instances of abuse of force by private and public security forces in artisanal, small-scale and large-scale mining operations around the world are increasingly being reported. Companies in mineral supply chains are expected to identify such risks and take action. DCAF, ICRC and OECD have developed a number of tools and initiatives to support this.

How can AI enhance market supervision and integrity?

September 6, 2021September 6, 2021 ~ oecdonthelevel ~ Leave a comment

Digital technologies and data – including Artificial Intelligence (AI) – hold the potential to automate and thus improve the efficiency and effectiveness of regulatory, supervisory and enforcement activities, which have become increasingly complex in recent years. Looking at the most common uses of supervisory technology (SupTech) by competition authorities, securities regulators and anti-corruption agencies to date, the OECD’s Emeline Denis identifies associated benefits, risks and challenges, and outlines considerations for devising adequate SupTech strategies across policy areas

Does AI have a dark side when it comes to competition?

August 17, 2021August 17, 2021 ~ oecdonthelevel ~ Leave a comment

Artificial Intelligence (AI) promises to bring significant procompetitive consumer benefits but these developments are accompanied by a number of potential risks relating to competition. The OECD's James Mancini highlights some of these risks and looks at competition policy options that can help to ensure that AI reaches its procompetitive potential.

In the fight against deforestation, companies can turn to due diligence tools

July 25, 2021June 27, 2022 ~ oecdonthelevel ~ Leave a comment

Behind every deforestation struggle is a global supply chain. The demand for commodities in one place can lead to the loss of forest in another, particularly when forest area is converted to other land uses such as agricultural production. This column looks at how the OECD Guidelines for Multinational Enterprises and related due diligence guidance can help companies understand how they can help address biodiversity challenges, amongst other environmental risks, in their business operations, supply chains and relationships.