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Euro area needs more integrated financial market supervision, says OECD’s Gurría

14-Jan-2009

OECD Secretary-General Angel Gurría has called for a more centralised and integrated supervision of Euro area banks and financial markets to help prevent a recurrence of the financial turmoil which triggered the current recession.

OECD Unemployment Rate increases to 6.5% in November 2008

12-Jan-2009

The unemployment rate for the OECD area was 6.5% in November 2008, 0.1 percentage point higher than the previous month and 0.8 percentage point higher than a year earlier.

Composite Leading Indicators signal deep slowdown in OECD area and major non-OECD member economies

12-Jan-2009

OECD composite leading indicators (CLIs) for November 2008 point to deep slowdowns in the major seven economies and in major non-OECD member economies, particularly China, India and Russia.

Banking regulations must be strengthened

09-Jan-2009

Governments and policy makers must address major failings in risk management, corporate governance and bonus schemes in the financial sector, according to an article(“The current financial crisis: causes and policy issues”) in the latest edition of OECD Financial Market Trends .

Annual inflation in OECD area falls to 2.3% in November 2008

09-Jan-2009

Consumer prices in the OECD area rose by 2.3% in the year to November, compared with 3.7% in the year to October 2008. Month-on-month, prices fell 0.9% in November, after declining 0.3% in October.

Asian countries should reform their pension systems

07-Jan-2009

Many Asian countries will need to reform their pension systems in order to deliver sustainable and adequate retirement incomes for today’s workers, according to a new OECD report.

OECD’s annual ministerial meeting to be held in Paris on 24-25 June 2009

from 24-Jun-2009 to 25-Jun-2009

OECD’s 30 member countries will hold their annual Ministerial Council Meeting in Paris on 24-25 June 2009 under the chairmanship of Korean Prime Minister Seung Soo Han. This is the first time that Korea, which joined OECD in 1996, will chair an OECD Ministerial Council Meeting.

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Financial crisis: Save our savings

Amid the worst current financial crisis since the 1930s, EU leaders have pledged to protect savers’ deposits. Already most OECD countries have explicit deposit insurance schemes for savings up to certain limits. In a number of countries these have now been raised temporarily.

Click here to see how countries compare.
How did the financial crisis turn into a global economic downturn?