The Trade Union Advisory Committee to the OECD ( TUAC ) is the interface of the Organisation for Economic Co-operation and Development (OECD) with organized labour. TUAC has 59 affiliated trade union centres in 31 OECD countries, representing more than 66 million workers. It also has associate members in Brazil, Indonesia, Russia and South Africa.
8-674: In recent years, TUAC has focused on the response to the economic crisis, stressing the need for anti-crisis policies that stimulate growth and protect and create jobs, together with stronger regulation of the financial sector . TUAC calls for a paradigm shift in the underlying economic model so as to deliver a stronger global economy that reduces income inequality. It supports policies that promote aggregate demand, green growth , sustainable and inclusive development, responsible long-term investments and financial markets, as well as fair and progressive tax systems. To this end, TUAC actively participates in various OECD Committees and conferences, including
16-427: Is the supervision of designated financial firms and markets by specialized authorities such as securities commissions and bank supervisors . In some jurisdictions, certain aspects of financial supervision are delegated to self-regulatory organizations . Financial regulation forms one of three legal categories which constitutes the content of financial law , the other two being market practices and case law . In
24-484: Is to ensure that investors have access to essential and adequate information for making an informed assessment of listed companies and their securities. Asset management supervision or investment acts ensures the frictionless operation of those vehicles. Banking acts lay down rules for banks which they have to observe when they are being established and when they are carrying on their business. These rules are designed to prevent unwelcome developments that might disrupt
32-456: The early modern period , the Dutch were the pioneers in financial regulation. The first recorded ban (regulation) on short selling was enacted by the Dutch authorities as early as 1610. The objectives of financial regulators are usually: Acts empower organizations, government or non-government, to monitor activities and enforce actions. There are various setups and combinations in place for
40-733: The Guidelines since 2000. This article related to one or more trade or labor unions is a stub . You can help Misplaced Pages by expanding it . Financial regulation Financial regulation is a broad set of policies that apply to the financial sector in most jurisdictions, justified by two main features of finance: systemic risk , which implies that the failure of financial firms involves public interest considerations; and information asymmetry , which justifies curbs on freedom of contract in selected areas of financial services, particularly those that involve retail clients and/or Principal–agent problems . An integral part of financial regulation
48-829: The OECD Forum and Ministerial Council Meeting. TUAC and the International Trade Union Confederation (ITUC) co-ordinate trade union input to the G20 and G7 , formerly G8 summits , and their ministerial meetings, through the L20 and L7 groups, i.e. the trade union groupings from the participating countries. TUAC took part in the G20 Employment Task Force and Sherpa meetings, as well as in social partners' consultations with Ministers and Leaders. It also co-ordinated trade union input in
56-509: The book Exiting from the crisis: towards a model of more equitable and sustainable growth . TUAC and the International Trade Union Confederation (ITUC) coordinate input to G7 summits and G7 labour and employment ministerial meetings. TUAC and its Global Union partners have also contributed to the update of the OECD Guidelines for Multinational Enterprises. TUAC has launched a database and website of trade union cases submitted under
64-701: The financial regulatory structure around the globe. Exchange acts ensure that trading on the floor of exchanges is conducted in a proper manner. Most prominent the pricing process, execution and settlement of trades, direct and efficient trade monitoring. Financial regulators ensure that listed companies and market participants comply with various regulations under the trading acts. The trading acts demands that listed companies publish regular financial reports, ad hoc notifications or directors' dealings. Whereas market participants are required to publish major shareholder notifications. The objective of monitoring compliance by listed companies with their disclosure requirements
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