Group of 30 and Financial Systems Research

In summary, the Group of Thirty is a private, nonprofit organization composed of senior representatives from different sectors, dedicated to analyzing and discussing international economic and financial issues. They hold regular meetings and publish papers on important topics. Recently, they proposed stronger oversight for "systemically important" institutions and have received support for their recommendations.
  • #1
Astronuc
Staff Emeritus
Science Advisor
2023 Award
21,870
6,271
Group of 30 - http://www.group30.org/
The Group of Thirty, established in 1978, is a private, nonprofit, international body composed of very senior representatives of the private and public sectors and academia.It aims to deepen understanding of international economic and financial issues, to explore the international repercussions of decisions taken in the public and private sectors, and to examine the choices available to market practitioners and policymakers.

The members meet in plenary sessions twice a year with select guests to discuss important economic, financial and policy developments.

They reach out to a wider audience in seminars and symposia, and also enter the policy debate on important issues by publishing papers.

When the Group considers that its objectives would be furthered by more detailed work, it establishes study groups or committees, which may include both members and non-members.

Our publications' list begins with our first Occasional Paper in 1980 and continues to the present.

The Group is supported by contributions from private sources: foundations, banks, non-bank corporations, central banks, and individuals. A list of contributors in cash and kind for the fiscal years appear in the Group's annual report.

This group has some very intesting publications, e.g.

The Structure of Financial Supervision: Approaches and Challenges in a
Global Marketplace
http://www.group30.org/pubs/pub_1428.htm [Broken]

Global Clearing and Settlement: Final Monitoring Report
http://www.group30.org/pubs/pub_1339.htm [Broken]

Paul Volcker was interviewed on Marketplace this evening. He and the Group of 30 call for big reforms!
http://marketplace.publicradio.org/display/web/2009/01/15/pm_group_of_thirty/ [Broken]

At a conference in New York, Volcker and a group of financial heavy-hitters unveiled a whole raft of proposals to reform the industry. And there is some serious reforming to be done. Those recommendations touch on everything from reining in hedge funds to restructuring Fannie Mae and Freddie Mac.

. . . .

Volcker is part of the Group of 30. Its members are corporate leaders, academics and former regulators. Today they proposed stronger oversight of "systemically important" institutions. That is, banks, hedge funds and insurance companies whose failure could compromise the entire financial system.

Volcker says Adam Smith advised never letting an institution get that big.

VOLCKER: I think that advice, which may have been suitable for 1776 in Scotland, would be a little hard to apply in the United States and other modern economies.

Instead, Volcker and company say regulators should limit the risks those institutions can take and force them to keep more cash on hand.

John Dearie is executive vice president of the Financial Services Forum, a Wall Street trade group. The industry has long resisted increased regulation. But Dearie says he welcomes better regulation.

JOHN DEARIE: You don't want to put a financial sector in the box and regulate out of the system its capacity for innovation, its capacity for being competitive. At the same time, how do you strike that balance with the need for a safe and sound system?

. . . .
 
Last edited by a moderator:
Physics news on Phys.org
  • #2
Astronuc said:
Group of 30 - http://www.group30.org/
...
Paul Volcker was interviewed on Marketplace this evening. He and the Group of 30 call for big reforms!
http://marketplace.publicradio.org/display/web/2009/01/15/pm_group_of_thirty/ [Broken]

"Volcker is part of the Group of 30. Its members are corporate leaders, academics and former regulators. Today they proposed stronger oversight of "systemically important" institutions. That is, banks, hedge funds and insurance companies whose failure could compromise the entire financial system.

Volcker says Adam Smith advised never letting an institution get that big.

VOLCKER: I think that advice, which may have been suitable for 1776 in Scotland, would be a little hard to apply in the United States and other modern economies."

Interesting point. Reforming the rules governing corporations has become an issue of survival. It's a bit like trying to reform Baseball. Where are the smart practical imaginative ideas going to come from?

I didn't know about this Group of 30. Thanks for posting the links.
 
Last edited by a moderator:
  • #3


As a scientist, it is important to objectively evaluate and analyze all available information before forming conclusions or making recommendations. The Group of Thirty, with its diverse membership and in-depth research, provides valuable insights into the complex world of international economics and finance. Their publications and recommendations should be carefully considered by policymakers and market practitioners alike in order to make informed decisions and promote stability in the global financial system. By promoting dialogue and collaboration between the private and public sectors, the Group of Thirty plays a crucial role in addressing important economic and financial issues and finding solutions to current challenges. I applaud their efforts to deepen understanding and promote informed decision-making in this complex and ever-changing field.
 

1. What is the Group of 30?

The Group of 30 is a private, international group consisting of leading figures from the financial and economic sectors. It was established in 1978 with the goal of studying and discussing issues related to the global financial system.

2. What is the purpose of the Group of 30?

The Group of 30's main purpose is to provide a platform for open and frank discussions on important issues facing the global financial system. It also aims to promote cooperation and understanding among policymakers, central bankers, and financial market participants.

3. Who are the members of the Group of 30?

The members of the Group of 30 are a select group of individuals who have distinguished themselves in the fields of finance, economics, and central banking. They are highly respected and influential figures in their respective fields.

4. What is the Financial Systems Research Program?

The Financial Systems Research Program is a project initiated by the Group of 30 in 2015. It aims to conduct research and provide insights into the current challenges and future developments in the global financial system. The program also aims to promote policy discussions and offer recommendations to improve the stability and resilience of the financial system.

5. How does the Group of 30's research contribute to the financial system?

The Group of 30's research provides valuable insights and recommendations to policymakers and financial market participants. It helps to identify potential risks and challenges in the financial system and offers solutions and policy recommendations to address them. The research also promotes a better understanding of the global financial system and its functioning.

Similar threads

  • General Discussion
Replies
18
Views
3K
  • General Discussion
Replies
9
Views
3K
Replies
9
Views
3K
  • General Discussion
Replies
7
Views
6K
  • General Discussion
Replies
26
Views
6K
  • General Discussion
Replies
1
Views
3K
Replies
3
Views
4K
  • General Discussion
Replies
7
Views
5K
  • General Discussion
3
Replies
73
Views
9K
Back
Top