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
Following on our two previous reports, Toward Effective Governance of Financial Institutions (2012) and A New Paradigm: Financial Institution Boards and Supervisors (2013), this study expands on the role of conduct and culture in the governance of the world’s largest financial institutions. The report identifies shortcomings but also good practice in promoting and maintaining a strong banking culture, making a series of recommendations that can be drawn upon by leaders as they seek to address culture in their firms.
In our new Occassional Paper, Philipp Hildebrand, Vice Chairman of BlackRock and a member of the firm’s Global Executive Committee, highlights six hard truths learned about the evolving nature of central banking since the global financial crisis.
In this Occassional Paper, Gail Kelly, former CEO and Managing Director of Westpac, looks at the important, developing relationship between financial services and technology. She examines the history of technological innovation in financial services, current trends, and offers guidance in overcoming some of the challenges that can arise as a product of this revolution.
The Group of Thirty has recently released its third report in the corporate governance work stream, Banking Conduct and Culture: A Call for Sustained and Comprehensive Reform. Drawing from interviews with more than 70 board members, Chairs, CEOs, senior management, and
senior supervisors in 16 countries, the report addresses the governance challenges facing the world’s largest banks, their boards, their management, and the supervisors who oversee the health of the financial system as a whole.
To download a copy of the report, please click here.
To view the press release, please click here.
Members in the News
- September 2, 2015
- Jean-Claude Trichet, Chairman of the Group of Thirty and former President of the European Central Bank, discusses "the risk-taking culture that still prevails within some departments of global banks and in the financial system itself." Trichet believes that stricter regulation and legal compliance are not necessarily the best way to address unethical behavior. Instead, he advocates for firms to actively shape their internal organizational culture.
August 31, 2015
- Guillermo Ortiz, Chairman of the Advisory Board of Grupo Financiero Banorte, has been awarded the 2015 BRAVO Business Legacy Award by Latin Trade Group, "the leading provider of information and business services to companies operating in Latin America and the Caribbean." Mr. Ortiz was selected for the Legacy Award in recognition of his long and distinguished career as an international economist, policymaker, and businessman.