This report takes a comparative approach to examining how the funding of political parties and election campaigns has evolved, and how political finance regulations across OECD member and partner countries have been established. In particular, the report assesses the risks of policy capture through the funding of political parties and electoral campaigns, identifies regulatory loopholes and implementation gaps in existing policies,and suggests a comprehensive approach to integrity, including issues such as lobbying and conflict of interest. One clear-cut lesson from this study is that ensuring the effective implementation of political finance regulations still remains challenging in many countries. The Framework on Financing Democracy presented in this report is intended to shape the global debate on risks and policy options, and provides tangible advice for the funding of political parties and electoral campaigns. Efficient oversight and auditing, meaningful sanctions, greater transparency and public scrutiny play a major role in averting policy capture. In this regard, independent electoral management bodies are becoming increasingly important. Such bodies currently exist in less than one-third of OECD countries, and there is no one-size-fits-all model. But whatever the structure, the institutions responsible for enforcing political finance regulations should have a clear mandate, legal power and the capacity to conduct effective oversight and impose sanctions