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.
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
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.
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.
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