Over the few years preceding the crisis, the focus of finance moved towards the creation of financial risk, and away from the sound management and insurance of economic risks, typically borne by entrepreneurs that are willing to take risk and need financing. Financial risk is different from economic risk. It entails a deliberate exposure to expected asset price changes.
Established in 1961, OECD is engaged to help its member countries to achieve sustainable economic growth and employment and to raise the standard of living in membercountries while maintaining financial stability – all this in order to contribute to the development of the world economy.