Welcome to the Group of Thirty
The Group of Thirty designs solutions that enhance financial and economic stability.
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.
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
The 2012-2013 Annual Report covers the Group's activities during fiscal years 2012 and 2013, which comprises July 1, 2011 through June 30, 2013. The Sections include a full membership list, as well as a description of the G30's meetings, events, and publications.
In its latest report, the G30 Working Group on Banking Supervision provides recommendations designed to enhance the overall effectiveness of financial institution supervision by identifying specific initiatives and processes to assist supervisors directly in discharge of their responsibilities and to promote alignment of boardroom expectations and responses to such initiatives and processes.
President of the National Bank of Poland and former Polish Minister of Finance, Marek Belka, looks at both Poland’s integration process into the European Union and the post-accession years. Belka concludes that Poland growth, stability, and competitiveness were fostered in large part by its membership in the EU.
Adapted from his speech at the Cass Business School, Adair Turner, Chairman of the Financial Services Authority, discusses causes that contributed to the financial crisis and post crisis recession. Turner argues that central bank and government policymakers need to consider radical policy options to avoid sustained deflation and many years of below potential growth.
A New Paradigm Translations
- The Group of Thirty is happy to announce the release of our latest report, A New Paradigm: Financial Institution Boards and Supervisors, in Japanese, Korean, Mandarin, and Spanish.
Pulling from 60 interviews in 15 countries, the report finds that it is time to establish a new paradigm for the interaction between financial institution boards and supervisors, built on mutual trust and transparency.
The report is available for purchase or download here.
Members in the News
- Summers' Working Paper on Chinese Growth
- October 22, 2014
- Lawrence Summers, professor at Harvard and G30 member, along with Lant Pritchett, recently published a working paper for the National Bureau of Economic Research on Chinese growth and potential slowdown. Summers states that, historically, periods of rapid growth are rarely persistent. Developing nations often face discontinuous drop-off in growth druing greater period of rapid growth.
- Dudley: Restoring Confidence in Reference Rates
- Ocbtober 3, 2014
- In a speech at the New York University Stern School of Business, William C. Dudley, President of the Federal Reserve Bank of New York, gave a talk on the history, purpose, and practice of reference rates, specifically focusing on LIBOR. Dudley concludes that LIBOR had design weaknesses and incentive structures that encouraged manipulation and conflicts of interest. To restore confidence in these rates, Dudley suggests that the definition of LIBOR should be broadened to more accurately reflect large bank funding patterns, and an alternative reference rate should be created for transactions like interest rate derivatives.