Work Program
The Group of Thirty regularly establishes study groups to analyze issues of particular or systemic importance to the global financial markets. A study group's membership is broader than that of the Group of Thirty, comprising experts from specialized fields in economics, finance and academia. Study participants offer their analysis and recommendations for best practices going forward.
The Group's previous study groups have included topics on the reform of the International Monetary Fund, financial reform, regulatory supervision and greater accounting standards.
For a full list of the special reports, occasional papers, and lectures distributed by the Group of Thirty, visit our Publication Page.
Latest Project
Working Group on Corporate Governance Banking Supervisors
In March of 2013, the Group of Thirty began a new Working Group on Corporate Governance and Banking Supervisors. The Steering Committee is composed of Roger Ferguson (chair), Bill Rhodes, John Heimann, and Sir David Walker. The new project will build on the foundations already provided by the G30 report, Towards Effective Governance of Financial Institutions. In that sense, the report will examine the role and responsibility of banking supervisors in corporate governance.
The report will look to provide recommendations designed to enhance the overall effectiveness of supervision by identifying specific initiatives and processes both to assist supervisors directly in discharge of their responsibilities and to promote alignment of boardroom expectations and responses to such initiatives and processes. Specifically, the report will address the role of supervision within the regulatory framework, while assessing the ability of supervisors to draw on substantial internal support, effectively use channels of communication within an institution, and evaluate the performance of their boards. The report will aim to provide clarity on the responsibilities between supervisors and boards.
If you have questions about this project, please contact the G30 office at 202-331-2472.
Steering Committee Chair:
Roger Ferguson
Recent Special Report
Investment Time Horizons
In February of 2013, the Group of Thirty released a report on Investment Time Horizons. The project was led by a Steering Committee with Guillermo Ortiz (chair), Adair Turner, Tharman Shanmugaratnam, and Axel Weber. The G30 project addresses the issue of supply and demand for long-term finance. The Working Group drew on research undertaken by the McKinsey Global Institute in its report, which found that long-term investment in nine major economies, which combine to account for over 60% of global GDP, totaled US $11.7 trillion in 2010. Annual demand on long-term investment in these countries—the United States, the United Kingdom, Germany, France, Japan, China, India, Brazil, and Mexico— could grow to around $18.8 trillion by 2020.
The report makes a series of specific recommendations regarding the need for international and national financial regulatory bodies to develop new approaches that can ensure that investors are better able to take a long-term horizon in their investment decisions. The report examines critical constraints on the supply of long-term finance and calls for reforms that can strengthen the flow of capital into long-term investments by governments, institutional and individual investors.
Publication News
- New G30 Occasional Paper by Adair Turner
- The G30's latest occasional paper, Debt, Money, and Mephistopheles: How Do We Get Out of This Mess, adapted from the speech given by Adair Turner at the Cass Business School in February 2013 examines the causes of the financial crisis and the post crisis recession. The paper urges central bank and government policymakers to think outside the box for solutions, even to consider previously taboo policy options. Turner argues that these policymakers need to consider radical policy options to avoid sustained deflation and many years of below potential growth.
Recent G30 Reports
- Long-term Finance and Economic Growth
-
The report examines critical constraints on the supply of long-term finance and calls for reforms that can strengthen the flow of capital into long-term investments by governments, institutional and individual investors.
- Toward Effective Governance of Financial Institutions
- Drawing lessons from the financial crisis, the G30 calls on boards of directors of financial institutions to do far more to strengthen governance.
Recent Occasional Papers
- Debt, Money, and Mephistopheles: How Do We Get Out of This Mess
-
Adair Turner, Chairman of the Financial Services Authority, discusses causes that contributed to the financial crisis and post crisis recession.
- A Self-Inflicted Crisis: Design and Management Failures Leading to the Eurozone Crisis
-
Guillermo de la Dehesa, Chairman of Center for Economic Policy Research, discusses design and management failures that contributed to the economic crisis facing the Eurozone.
- Policies for Stabilization and Growth in Small Very Open Economies
-
DeLisle Worrell, Governor of the Central Bank of Barbados, offers an innovative perspective on the difficulties facing small very open economies.
G30 Newsletter
- Spring 2012 Newsletter
-
In its most recent installment, the Group welcomes Jean-Claude Trichet as its new Chairman, recaps the Fall 2011 International Banking Seminar, and provides an overview of its work program.