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Latvia: Review of the Financial System

This review of Latvia by the by the OECD Committee on Financial Markets examines Latvia’s position with respect to core principles related to financial systems.




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Colombia: Assessment of the Regulatory Framework of Private Pensions

This review of Colombia by the OECD Working Party on Private Pensions examines Colombia’s position with respect to core principles related to pension systems.




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Latvia: Review of the Insurance System

This review of Latvia by the OECD Working Party of Governmental Experts on Insurance examines Latvia’s position with respect to core principles related to insurance systems.




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Tackling policy fragmentation: the key to getting onto a path of rapid and sustainable productivity growth

Further structural reforms are needed to help the business sector boost productivity growth and overcome the key challenges of sluggish investment in advanced economies and excess capacity in emerging economies, according to a new OECD report.




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The Financial Markets Outlook

The global economy is caught between two major headwinds: the reversal of the investment-heavy commodity supercycle; and the "L-shaped" recovery in advanced economies caused by the aftermath of the financial crisis and the interaction of re‐regulation with low and negative interest rates. This report analyses these issues and presents a financial outlook.




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Estimating the size and incidence of bank resolution costs for selected banks in OECD countries

This report provides estimates of the costs associated with bank resolution both in terms of the expected costs that might arise should a bank fail (i.e. as "ex-post" costs), as well as the cost associated with the likelihood that a solvent bank might fail (i.e. as "ex-ante" costs) over the next year.




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Student loans, indebtedness, and financial literacy in the United States

Annamaria Lusardi is the Denit Trust Chair of Economics and Accountancy at the George Washington University School of Business. Following the release of new data focused on Americans’ financial capability, she draws attention to some of the findings in the study, focusing on three areas of great importance to the personal finances of Americans: student loans, indebtedness, and financial literacy.




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Betting the house in Denmark

The Danish financial sector is big and there is a high degree of inter-connectedness between banks, mortgage institutions and pension funds.




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Incentivising lending to SMEs with the Funding for Lending Scheme: some evidence from bank-level data in the United Kingdom

This study explores the effectiveness of the incentive mechanisms embedded within the UK’s Funding for Lending Scheme (FLS) for banks’ to expand their supply of lending to medium sized enterprises (SMEs).




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Conditions for establishment of subsidiaries and branches in the provision of banking services by non-resident institutions

In 2014, the Financial Stability Board (FSB), in collaboration with the IMF and OECD, prepared a report for G20 leaders that sought to assess the cross-border consistencies and global financial stability implications of structural banking reform measures. To further examine structural banking reform measures taken since 2008, the OECD circulated a survey. This report describes the outcome of this survey.




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The role of public debt managers in contingent liability management

This working paper explores the role of public debt managers in contingent liability management based on the results of a background OECD survey and the information provided by seven task force countries. The results indicate that there are certain roles and responsibilities assumed by the public debt managers in this field, while the degree of involvement differs widely across countries.




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What do Americans know about retirement and what do they expect?

The United States’ Social Security Act of 1935 set up a social insurance programme for American workers, providing them with at least some degree of certainty about income after retirement. But, in today’s environment, to what degree do Americans feel secure about their retirement? This article looks at the results of a new survey on American’s understanding of retirement preparedness and the perceived role of Social Security.




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Responsible business conduct for institutional investors: Key considerations for due diligence under the OECD Guidelines for Multinational Enterprises

Promoting responsible business conduct in the financial sector is vital to building a sustainable global economy. This paper will help institutional investors implement the due diligence recommendations of the OECD Guidelines for Multinational Enterprises in order to prevent or address adverse impacts related to human and labour rights, the environment, and corruption in their investment portfolios.




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Ensuring financial education and consumer protection for all in the digital age

This report discusses the implications of the digitalisation of finance for financial education and relevant consumer protection issues and provides an overview of digital financial services around the world.




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Investment governance and the integration of environmental, social and governance factors

This paper presents the findings of an international stocktaking of the regulatory frameworks that apply to institutional investment in different jurisdictions and how these frameworks are interpreted by institutional investors in terms of their ability or responsibility to integrate environmental, social and governance (ESG) factors in their governance processes.




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The empirics of enabling investment and innovation in renewable energy

This working paper assesses the impact of climate mitigation policies and the quality of the investment environment on investment and innovation in renewable power in OECD and G20 countries. It also examines how countries’ investment environments interact with climate mitigation policies to influence investment and patent activity in renewable power.




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Seminar on pension foresight: Envisaging retirement income plans of the future

21 June 2017, Paris: Co-organised by the International Network for Pensions, Aging, and Retirement Research (INPARR), the OECD and IOPS, this seminar provided a window into the latest thinking and research that sheds light on where pension plans and designs are headed in the future and challenges to their future sustainability and efficiency.




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Open and Orderly Capital Movements: Interventions from the 2016 OECD High-Level Seminar

This collection compiles the contributions of senior policy experts, academics, and economic practitioners on developments in the financial integration and financial regulation of cross-border capital flows since the 2008 global financial crisis at the OECD High-Level Seminar “Open and Orderly Capital Movements” held in October 2016.




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Coping with the financial consequences of devastating floods

‌07/09/2017 - Flooding is one of the most common, wide-reaching and destructive natural perils, affecting on average about 250 million people around the world each year. OECD work on the financial management of flood risk has identified a number of ways that policy makers can improve the way they manage the financial implications of floods.




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Technology and innovation in the insurance sector

“Insurtech”is the term being used to describe the new technologies with the potential to bring innovation to the insurance sector and impact the regulatory practices of insurance markets. This report catalogues these technologies and examines how InsurTech is being funded and how insurers are engaging with the start-ups entering the market.




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Lithuania: Review of the Financial System

This review of Lithuania by the OECD Committee on Financial Markets examines Lithuania’s position with respect to core principles related to financial systems.




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8th Annual OECD High-level Breakfast on Institutional Investors and the Low-carbon Transition

11 December 2017, OECD Paris - The 8th annual OECD high-level breakfast event brings together leading investors and senior government officials for informal, focused dialogue, to examine key developments and identify solutions to enable achievement of NDCs and the two-degree commitment.




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Enhancing the role of insurance in cyber risk management

This report provides a series of policy recommendations aimed at enhancing the contribution of the cyber insurance market to managing this increasingly prevalent risk. The report examines the current state of the market and the obstacles that are impeding the market from reaching its full potential




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2018 Meeting of the G20 Global Infrastructure Connectivity Alliance

25-26 January 2018 - The first annual meeting of the G20 Global Infrastructure Connectivity Alliance will bring together policy makers and practitioners to discuss the state of play in global connectivity, innovative practices and the outlook for connectivity.




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The cyber insurance market: Responding to a risk with few boundaries

With the growth of cybercrime, and intensive media coverage of privacy breaches and ransomware attacks over the last year, could complacency about cyber risks soon be a thing of the past? Bill Below and Leigh Wolfrom of the OECD Directorate for Financial and Enterprise Affairs look at some of the challenges to insuring cyber risk.




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Conference on unleashing the potential of the cyber insurance market

22-23 February 2018, Paris - The potential role of the nascent cyber insurance market in enhancing cyber resilience is increasingly being recognised by policy makers. This conference provided an opportunity to exchange knowledge and share experiences on addressing the challenges impeding the development of the cyber insurance market.




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The opportunity of robo-advice for pension savings

Riding the wave of technological innovation in finance, the robo-advice model has emerged as one potential solution to increase the accessibility and affordability of getting help to invest savings for retirement. OECD's Jessica Mosher looks at the potential benefits, risks and challenges.




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Mr. Angel Gurría, Secretary-General of the OECD, in Buenos Aires, 18-20 March 2018

Mr. Angel Gurría, Secretary-General of the OECD, in Buenos Aires, 18-20 March 2018




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Financial inclusion and literacy in the South American Andes

Focusing on Bolivia, Colombia, Ecuador, and Peru, Maria José Roa, a Senior Researcher at the Center for Latin American Monetary Studies, looks at how financial literacy survey results can play a role in the development of financial inclusion strategies




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Financial inclusion and consumer empowerment in Southeast Asia

Although financial inclusion levels have improved in all Southeast Asian countries in recent years, levels remain relatively low in some countries. This report evaluates current levels of financial inclusion and financial literacy in Southeast Asia and describes the policies and programmes developed to support financial inclusion, education and consumer protection.




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Women in economics: The unknown cost of gender imbalance

Paris, 25 May 2018 - Following a keynote speech from Emmanuelle Auriol, Professor at Toulouse School of Economics and Chair of Women in Economics of the European Economic Association, discussions at this event will explore some of the issues emerging from the gender biases evident in the field of economics.




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The Application of Behavioural Insights to Financial Literacy and Investor Education Programmes and Initiatives

Behavioural insights have the potential to enhance the effectiveness of financial literacy and investor education initiatives. This IOSCO/OECD report explores the extent to which they are being used, reviews the available literature and presents various approaches for policy makers and practitioners to consider when seeking to change financial behaviour.




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The Global Forces Shaping Finance - Keynote address by Greg Medcraft

29 June 2018 - This keynote address focuses on the three main forces driving change in the financial sector: the growing importance of trust; the accelerating digitalisation of the economy; and the unprecedented interconnectedness of global markets. This keynote address was made by Greg Medcraft, OECD Director of Financial and Enterprise Affairs, at the Annual Conference of the Cambridge Centre for Alternative Finance.




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G20-OECD Policy Guidance Financial Consumer Protection Approaches in the Digital Age

The increasingly digital environment for financial products and services and the potential for digitalisation to support greater financial inclusion and inclusive growth, makes effective financial consumer protection more important than ever. This policy guidance focuses on areas related to the role of oversight bodies and disclosure and transparency.




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Mr. Angel Gurría, Secretary-General of the OECD, in Vienna on 7-8 September 2018

Mr. Angel Gurría, Secretary-General of the OECD, was in Vienna on 7-8 September 2018 to attend the Eurogroup Meeting / Informal Meeting of Economic and Financial Affairs Ministers (ECOFIN).




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2018 Annual Meeting of the OECD CVM Centre on Financial Education and Literacy in Latin America and the Caribbean

12-13 November 2018, São Paulo, Brazil - A series of events addressing the most recent trends, opportunities and challenges in financial education will be co-hosted by the OECD and CVM Brazil.




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Public Consultation: Recommendation on Consumer Protection in the Field of Consumer Credit

21/11/2018 - The OECD is currently updating its 1977 Recommendation on Consumer Protection in the field of Consumer Credit to ensure that it remains the relevant international standard. The draft text is available for public comment until 21 December 2018.




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Conference on the Role of Financial Education and Consumer Protection in Supporting Financial Inclusion in Southeast Asia

26-27 November 2018, Vientiane, Lao People's Democratic Republic. The conference will provide a forum to discuss best practices on developing financial education and consumer protection in supporting financial inclusion in Lao P.D.R and other Southeast Asian countries.




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Launch of the OECD Pensions Outlook 2018

3 December 2018 - Every two years, the OECD Pensions Outlook provides an analysis of the main policy issues affecting pensions in OECD countries and assesses trends in retirement income systems. It discusses policy initiatives for strengthening pension systems, funded private pension systems in particular.




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The Contribution of Reinsurance Markets to Managing Catastrophe Risk

This report makes use of a unique set of data on premiums and claims provided by global reinsurance companies to examine the contribution that reinsurance has made to enhancing the capacity of the primary insurance market to manage catastrophe risk and to reducing the economic and insurance market disruption that often follows catastrophic events.




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2019 Workshop of the G20/OECD Task Force on Long-term Investment

30 January 2019, Singapore - This Workshop will bring together academics, public stakeholders and industry experts to discuss data collection and benchmarks for quality infrastructure investment and blockchain and innovation in sustainable infrastructure.




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Combating Money Laundering and the Financing of Terrorism in Latvia: Overview

A robust and resilient anti-money laundering and combating of terrorism financing (AML/CFT) regime is the first step towards being able to implement effective legal, regulatory and operational measures. This document describes recommendations made by the OECD in relation to Latvia’s efforts to strengthen its AML/CFT supervisory and control systems.




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Mr. Angel Gurría, Secretary-General of the OECD, in Bucharest, 5-6 April 2019

Mr. Angel Gurría, Secretary-General of the OECD, will be in Bucharest on 5-6 April 2019 to attend the Informal Meeting of European Economic and Financial Affairs Ministers (ECOFIN).




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Mr. Angel Gurría, Secretary-General of the OECD, in Washington on 11-13 April 2019

Mr. Angel Gurría, Secretary-General of the OECD, will be in Washington, from 11 to 13 April 2019 to attend a G7 Finance Ministers and Central Bank Governors Meeting, a G20 Finance Ministers and Central Bank Governors Meeting, and the 2019 International Monetary Fund and World Bank Spring Meetings.




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Reforming the Pension System in Turkey 2019

This paper studies the case of Turkey and suggests several tools to promote retirement planning. Section I provides a review of the traditional and behavioural policy instruments designed to promote retirement savings, along with a discussion on their effectiveness.




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Exchange rates, interest rates and other monthly monetary and financial statistics

Monthly monetary and financial statistics contains financial statistics on five separate subjects: monetary aggregates, interest rates, exchange rates, reserve assets, and share prices.




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Mr. Angel Gurría, Secretary-General of the OECD, at G7 Finance Ministers and Central Bank Governors’ meeting in Chantilly, 17-18 July 2019

Mr. Angel Gurría, Secretary-General of the OECD, will participate in the G7 Finance Ministers and Central Bank Governors’ meeting in Chantilly, on 17-18 July 2019.




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OECD Reviews of Evaluation and Assessment in Education: School Evaluation in the Flemish Community of Belgium 2011

This report provides, for the Flemish community of Belgium, an independent analysis of major issues facing the educational evaluation and assessment framework, current policy initiatives, and possible future approaches.




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Closing the Gender Gap - country note: Belgium

Gains in female education attainment have contributed to a worldwide increase in women’s participation in the labour force, but considerable gaps remain in working hours, conditions of employment and earnings.  More specific data for Beligum are available in this country note.




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Enhancing the inclusiveness of the labour market in Belgium

The global crisis led to a smaller increase in the unemployment rate than in most other OECD countries as employment has been sustained through intensive use of reduced working time schemes.