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.
The Group 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.
For the Group's news and updates, please visit G30 in the News. You may also subscribe to all of the Group's papers and reports published throughout the year.
For additional information about the Group and its members, visit About the G30.
The G30 continues to address the fallout and lessons to be learned from the global financial crisis, and the challenges faced by policymakers and the private sector, as we seek to restore stability.
Our latest endeavor, the report on the Reform of the International Monetary Fund, follows on logically from the recent G30 studies on financial supervision and the policy framework for financial stability.
The report calls for significant reforms of the Fund dealing with governance, resources and surveillance. It urges the G-20 leadership and policymakers to deliver on their stated support for institutional reform.
The G30 report underscores that in the future the Fund must continue to play a central role in the surveillance of the systemic risks to the global economy, providing early warning before they mutate into severe regional or global financial crises.
Finally, the report underlines that the Fund does not operate in a vacuum. It must work closely with many different fora and institutions.
These linkages must work effectively if the stability of the international financial system is to be properly reinforced.
We thank our members for their active participation and contribution to this timely study. I also commend the report to our supporters and friends.
Finally, I welcome Masaaki Shirakawa, Governor, Bank of Japan; Adair Turner, Chairman, Financial Services Authority; and Janet Yellen, President, Federal Reserve Bank of San Francisco, to membership of the Group and look forward to their contributions to the future work of the Group.
Group Newsletters
The Group of Thirty publishes a regular newsletter that includes updates on the group's progress, studies, policies, meetings and seminars.
Fall 2009
Spring 2009
The Group of Thirty's report: Financial Reform: A Framework for Financial Stability continues to influence policy making. On January 21st, President Obama announced a series of further financial reforms drawing directly from the G30 report.
The report is available for free electronically. You may also view the continuing press coverage of this report.
In its newest report, the Group of Thirty addresses the urgent need for reform of the International Monetary Fund.
The G30 report identifies a number of key reforms for the IMF governance, resources, surveillance, and international coordination to strengthen and enhance effectiveness of this important financial institution.
The Group urges the leadership of the G-20, the member countries of the IMF and its management, and other actors to work collaboratively to strengthen this key international institution via series of concrete reforms.
To purchase this report, please visit our Publication Page. You may also view the continuing press coverage of this report.
The report reviews 17 regulatory systems, assessing advantages and challenges of the different supervisory structures seen in various markets. The project was led by Paul A. Volcker, Chairman, and Roger W. Ferguson, Vice Chairman. 2008.
The report evaluates the progress made in global clearing and settlement infrastructure since the Group of Thirty's Global Monitoring Committee published its report, Global Clearing and Settlement: A Plan of Action, in January 2003. The latest report highlights the areas where improvements have been made as well as areas where little or no progress is apparent. 2006.
This report addresses the role of reinsurance in the international capital markets and highlights a number of major issues which arise as newer players enter the international markets on a substantial scale. 2006.
A comprehensive study of derivatives and derivatives' markets drawn from the experience of market participants, with recommendations designed to help dealers and end-users better manage the risks. Reprinted in 2006.
"In Memoriam"
The G30 membership mourns the death of Lord Richardson of Duntisbourne, who passed away on January 22, at the age of 94 at his home in London, England. Lord Richardson was Chairman of the Group from 1985 until 1991, when he became Honorary Chairman. He will be remembered as a friend, a colleague, and a champion of the Group’s mission.
Occasional Papers
Respected authorities from Sweden, Japan, Spain, and Mexico describe past banking crises in their countries and how they were able to address the problems. This paper serves as a useful reference point when considering current policy proposals to countering the global financial crisis. 2009.
Domingo Cavallo and Joaquin Cottani discuss the fallibility of Argentina’s “New Economic Paradigm” and the reasons for its longevity. The authors address the use of real exchange rate targeting, a mix of policies to manage the real exchange rate and the extent to which this has been effective. 2008.
Veteran financial participant Gerald Corrigan outlines the causes of the current financial crises and suggests solutions for moving forward. As the global economy de-leverages and risk adjustments take place, the economy will begin to recover, but at a much slower pace than policymakers wish. 2008.
Eugene A. Ludwig outlines 17 lessons that policymakers can take from the current global economic crisis. He suggests improvements for the global regulatory structure, including adopting universal standards, increased transparency, and regulatory consolidation. Ludwig notes that sound supervision is critical to the financial structure. 2008.
Founding Member of the Group of Thirty, Peter Kenen, provides a memoir of his experiences with the Group. He describes a valuable short history of the events leading up to the formation of the Group, as well as the decades that transpired since. Professor Kenen highlights the major reports, as well as the institutional changes that occurred over the years. 2008.
This paper presents three speeches on banking, financial, and regulatory reform, delivered at the 57th plenary session of the Group of Thirty, held in Hangzhou, China, April 2007. Mr. Liu Mingkang, Mr. Roger Ferguson and Mr. Guillermo Ortiz Martinez offer their insights on Banking, Financial and Regulatory Reform. 2007.