February 15, 2017

Launch of Financial Services Survey: Costs of Regulatory Fragmentation

Are you a financial services company? We would love to hear your views on the costs of regulatory fragmentation. So please complete our short survey in the Members Only section of our website, or contact Toby Bateman.

Your response will help strengthen the case for greater international regulatory cooperation. Responses will be anonymized and treated as confidential – only consolidated industry feedback will be shared.

Other News

Governments should focus on the participation of Small and Medium Sized Enterprises (SMEs) in the global economy

Paris, 28 April 2017 –“We need quick, coordinated and consistent action from G20 leaders to help improve the business and financing environment for SMEs or we risk missing out on their potential,” said Gianluca Riccio, Vice Chair of the Business at OECD Finance Task Force and author of the report. “The unintended consequences of domestic and cross border regulation, alongside access to finance and the challenges in transitioning to digital remain major barriers to growth for SMEs worldwide.”

Small and medium sized businesses remain constrained in their ability to access appropriate financing which is holding back their participation in international markets and global value chains. A new report from the Business at OECD and B20 calls on G20 leaders to follow three core recommendations to help solve this issue:

• Improve co-ordination and consultation when implementing regulation in the financial services sector
• Raise SME access to debt and equity finance by promoting successful private sector initiatives and sharing best practice
• Maximize access to data and sharing information through digital platforms, to help tackle global challenges such as cyber security

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Business calls on OECD to lead in the debate for open markets

Paris, 25 April 2017 – Releasing a new policy paper today, Business at OECD identified priorities for OECD and governments to keep markets open and to better communicate their contribution to growth and prosperity.

“Consistent with our longstanding partnership with the OECD, we identified ten priorities that highlight significant challenges that affect our economies to benefit from trade, and how the OECD can help. Governments must address these priorities if we want to strengthen our potential for growth”, said Clifford Sosnow, Chair of the Business at OECD Trade Committee and Partner at the law firm Fasken Martineau DuMoulin LLP.

Business at OECD recognizes the unique role the OECD can play in developing analysis on trade that can guide policymakers and help inform the public. “More than ever, we need the OECD to illustrate the benefits of trade, including evidence on its contribution to jobs, growth, and prosperity”, said Bernhard Welschke, Secretary General of Business at OECD.

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