The COVID-19 health and economic crisis has once again focused attention on the fickleness of capital flows and the need to have an adequate policy toolkit to manage the risks that stem from these flows, while maximising their benefits.
Environmental, Social and Governance (ESG) investing has grown considerably and is fast becoming mainstream. Yet market participants across the board are missing the relevant, comparable ESG data they need to properly inform decisions, manage risks, measure outcomes, and align investments with sustainable, long-term value. OECD's Greg Medcraft summarises the findings in the 2020 OECD Business and Finance Outlook.
With the COVID-19 pandemic putting enormous strain on financial markets, a new OECD report shows how the structure of markets has changed since the last crisis and where new fragilities lie.
Sara Court, Commissioner of the Australian Competition and Consumer Commission (ACCC), writes about efforts to protect consumers’ interests in digital markets without stifling innovation in advance of the 2020 OECD Competition Open Day.
News of investment by a foreign multinational is usually celebrated but corporate divestments – just as break-ups – are less frequently advertised.
By Janos Barberis, Founder and CEO of SuperCharger. The topic will be discussed at the panel FinTech, BigTech and Competition during the 2020 OECD Competition Open Day. On 18 June 2019, Facebook announced the launch of Libra, a decentralised digital currency, or stablecoin. Borderless, it has the ambition to be used by 2 billion people. … Continue reading BigTech vs BigBang: Competition in Financial Services
As the presence of BigTech and FinTech firms keeps growing in financial markets, OECD's Ania Thiemann looks at what this means for competition law and policy
Since the Global Financial Crisis, challenges related to capital flow management and financial stability have evolved, leading policymakers to broaden the policy toolkit available to deal with those challenges. In this context, the time was ripe for a review of the OECD Code of Liberalisation of Capital Movements, the only multilateral agreement covering the full capital account. The updated Code was adopted by OECD Ministers in May 2019 and launched at the G20 Finance meeting in Fukuoka. It is not only more flexible, to better deal with current financial stability requirements, but it also makes an important contribution to the global debate on the international financial architecture.
The economies across the Middle East and North Africa region are looking to mobilise investment, private sector development and entrepreneurship to support economic growth and employment. The OECD's Fianna Jurdant shares some insights from a new OECD report on how sound corporate governance can help achieve this goal.
Within the context of the 2019 OECD Anti-Corruption & Integrity Forum, which will explore how governments, organisations, and citizens can leverage new technologies to foster trust and enhance transparency and accountability, the New Development Bank is looking at fintech applications for promoting integrity in public finance. Blog by the New Development Bank's Chief of Compliance, Dr … Continue reading Leveraging fintech to enhance integrity in public finance