About the Group of Thirty
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. It 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 Group's members meet in plenary sessions twice a year with select guests
to discuss important economic, financial and policy developments. They reach
out to a wider audience in seminars and symposia. Of most importance
to our membership and supporters is the annual (invitation-only) International
Banking Seminar.
The Group of Thirty also enters the policy debate on important issues by publishing
papers. When the Group considers that its objectives would be furthered
by more detailed work, it establishes study groups or committees, which may
include both members and non-members, through our work
program.
More detailed information on the work of the Group of Thirty can be found in the Annual Report.
More news on the current activities and work of the members of the Group of Thirty can be found on the Members in the News page or by subscribing to our RSS news feed.
The Board of Trustees, the Chairman and the members of the Group of Thirty are extremely grateful for the support, monetary or in kind, of our contributors. We would like to take this opportunity to thank all of our contributors and supporters who have helped make the G30 a successful institution as we approach our thirtieth year of existence.
Our publications began with our first Occasional Paper in 1980 and continues to the present. Areas of recent focus by the Group have included:
- Reinsurance. This study group explained
the functioning of the reinsurance markets and assessed whether a sudden
large scale failure of reinsurance companies would impact the wider economy.
- Global Clearing and Settlement. The Group has a longstanding interest in the reform and modernization of the clearing and settlement system, starting in 1988 with a review of the U.S. system and recommendations for reform . In 2003 the Group published 20 recommendations for reform of the global clearing and settlement system. In 2006 we published an update on the progress we have seen in the implementation of those 20 reforms across the globe.
- Public Confidence in Financial Reporting. The Group issued a report that included a series of best practices regarding the use of fair values in the preparation of financial statements; and a set of guiding principles.
In addition to the above the Group
has over the decades published scores of careful analyses on a range of financial
issues of importance to the global financial and central banking communities,
many of which continue to be of use to policymakers, practitioners and academics,
such as our seminal analysis and explanation of the derivatives
market. For
those who wish to learn more please see our publications list.
For a history of the Group of Thirty, see Coming of Age, by Desmond MacRae, printed in June 1990 issue of Global Guardian.
Staff
Executive Director
Stuart P.M. Mackintosh