Welcome to the Group of Thirty
Established in 1978
The Group of Thirty is a private, nonprofit, international body composed of very senior representatives of the private and public sectors and academia.
Knowledgeable
The Group of Thirty 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.
Influential
The work of the Group of Thirty impacts the current and future structure of the global financial system by delivering actionable recommendations directly to the private and public policymaking communities.
Our Latest Publications
Macroprudential Policy: Addressing the Things We Don’t Know
Alastair Clark and Sir Andrew Large outline ten chief considerations that remain as national authorities address macroprudential policy. The authors speak to the need for a clear institutional focus of authority, address the tensions between macroprudential policy and other regulatory policies, and urge the development of effective policy tools, as well as appropriate transparency and accountability.
The 2008 Financial Crisis and Its Aftermath: Addressing the Next Debt Challenge
Thomas Russo and Aaron Katzel examine the recent developments in the 2008 Financial Crisis, including the causes, responses, and the future outlook for the United States.
Regulatory Reforms and Remaining Challenges
This paper reflects seven separate but interconnected presentations on the strengths and challenges to macroprudential oversight and various facets of the Basel III reform. These were delivered at the 64th plenary meeting of the Group of Thirty, held December 2-4, 2010 at the Federal Reserve Bank of New York
Enhancing Financial Stability and Resilience: Macroprudential Tools and Systems for the Future
The report calls on public officials to empower systemic financial regulators with new tools to enhance economic stability and potentially lessen the severity of future economic crises. These tools would address leverage, liquidity, credit and supervision. The report underscores the fact that while policy action may be difficult and controversial, robust action is necessary.
Top News
Jean-Claude Trichet is the new Chairman of the Group of Thirty
Jacob A. Frenkel to become Chairman of the Board of Trustees
Mr. Jean-Claude Trichet succeeds Dr. Jacob A. Frenkel, Chairman of JPMorgan Chase International and former Governor of the Bank of Israel, who has headed the G30 since 2000. Dr. Frenkel will now become Chairman of the Board of Trustees, succeeding Mr. Paul A. Volcker, former Chairman of the Board of Governors of the Federal Reserve System. Mr. Volcker becomes Chairman Emeritus of the G30.
The press release may be downloaded here.
Axel Weber and Raghuram Rajan Join the Group of Thirty
The Group of Thirty is pleased to announce the addition of two new members. The new members are: Axel A. Weber, incoming Chairman of UBS and formerly President of the Deutsche Bundesbank and a member of the governing council of the European Central Bank, and Raghuram G. Rajan, Professor of Finance at the University of Chicago Booth School of Business, and formerly Economic Counselor and Director of Research of the International Monetary Fund.
The press release may be downloaded here.
Members in the News
- China Takes on the Big Three Ratings Agencies
- January 24, 2012
- The big three ratings agencies are the subject of criticism by the Chinese central bank governor, Zhou Xiaochuan. Mr Zhou has called for an overhaul of the international credit ratings regime. He warned Chinese companies to rely less on the credit assessments of the three giants and urged them to do more of their own due diligence.
- Too Big to Save?
- January 19, 2012
- In the past few decades, deregulation was necessary to free bankers to take on the greater risk of innovative new ventures. Raghuram Rajan argues that this downside has now diminished, exacerbating an asymmetry in incentives. His solutions include encouraging a greater variety of financial institutions and requiring large banks to diversify holdings of “safe” assets so as to reduce their mutual dependence.