The Group regularly launches study groups to analyze topics of particular or systemic importance to central banks, supervisors, financial firms, and participants in global financial markets. Each study group's leadership and membership is drawn from the G30 membership, but the teams can be broader than that of the Group, including experts from specialized fields in economics, finance and academia. Study participants work together to offer actionable solutions, policy recommendations, and examples of best practices in the area being studied.
Work Program
Current Projects
Working Group on Nonbank Financial Institutions
Klaas Knot,
AgustÃn Carstens,
The Group of Thirty has launched a study on the future of the monetary system in a rapidly evolving financial environment, led by Agustín Carstens, former General Manager of the Bank for International Settlements, and Klaas Knot, founder of KK Economic Advisory and former President of the Deutsche Bundesbank.
The study will examine the increased role of NBFIs in the financial system after the Great Financial Crisis and the current challenges that may require reform. Today, NBFIs have become the principal private foreign creditors for sovereigns and have increased in importance relative to foreign official holders. These fundamental changes to the system pose risks for financial stability and because international asset managers are more interconnected than traditional financial intermediaries, financial conditions and risks have become more global. The G30 Working Group aims to make recommendations for NBFI reform in three key areas: a) improving the volume and quality of data about NBFIs b) adjustments to regulatory and supervisory frameworks and c) increasing cross-border linkages which emphasize the value of central bank swap lines. The Working Group on Nonbank Financial Institutions is comprised of former and current central bankers, practitioners, and insurers.