Members in the News
- Kelly Discusses Role as CEO
- March 21, 2014
- G30 member and CEO of Westpac, Gail Kelly, discusses her career path and management style in an interview with CNN’s Leading Women. Named the 62nd most powerful woman in the world by Forbes, Kelly has made great strides for women in the banking world. Kelly successfully exceeded her goal of filling 42% of Westpac senior management positions with women and has now reset the target to 50% by 2017.
- Balcerowicz is Hopeful for Ukraine
- March 28, 2014
- In a Financial Times Opinion Piece, Leszek Balcerowicz, examines Ukraine’s economic future stemming from the recent political crisis. The G30 Member is optimistic about the country’s potential for improvement so long as the government can enact meaningful democratic reform.
- Dudley is Optimistic for US Economic Outlook
- March 18, 2014
- In an interview on March 6th with the Wall Street Journal, G30 Member and New York Fed President, William Dudley, discusses the need for an updated central banking policy statement. Despite turmoil in the markets from Ukraine, he is overall optimistic of the US economic outlook, noting a gradual improvement in the labor market and household sector.
- Trichet Receives Lifetime Achievement Award
- February 24, 2014
- G30 Chairman and former President of the European Central Bank, Jean-Claude Trichet was awarded the Lifetime Achievement Award by the National Association of Business Economics. He receives the award for his "exceptional policymaking fortitude and a remarkable ability to recognize and respond forcefully and swiftly to threats to financial stability."
- Weber on European Recovery
- February 21, 2014
- UBS Chairman and G30 Member, Axel Weber, discusses the European economic growth outlook to CNBC. Although Europe has experienced modest growth in the past months, he warns that rising anti-EU sentiment and upcoming bank stress tests will not support a steady recovery.
- Turner Discusses Global Credit Addiction
- February 10, 2014
- Lord Adair Turner, G30 member and former chairman of the UK Financial Services Authority, gave a speech at Goethe University in Frankfurt, Germany on the importance of controlling private debt. He argues that inflation targeting is insufficient to maintaining long-term stability; rather reforms should focus on creating less credit-intensive growth.
- Paul Krugman on a Potential Emerging Market Crisis
- February 4, 2014
G30 Member Paul Krugman discusses the potential of an emerging-market crisis in a recent New York Times Op-Ed. Although many point to Turkey's economic struggles as a driving cause of such a crisis, Krugman blames western economies who have failed to address their own underlying weaknesses, resulting in global declines in investment.
- Rhodes on Emerging Markets
- January 31, 2014
Bill Rhodes, G30 Member and President and CEO of William Rhodes Global Advisors, discusses rising turmoil in emerging markets to CNBC. He stresses his concern over the effects of tapering in countries such as Brazil, Turkey, and Argentina and over China's recent shift from export-led growth towards domestic consumption.
- Carney Calls for Change in Foreign-Exchange Markets
- January 24, 2014
G30 member, Mark Carney, spoke at the World Economic Forum in Davos, Switzerland to encourage regulators to fix the mechanics of interest rate and foreign-exchange benchmarks. He adds that this effort must be coupled with a reform in the behavior of private individuals and institutions to truly see long term change in these markets.
- Draghi Named 2014 Governor of the Year
- January 13, 2014
The Group of Thirty congratulates member Mario Draghi for winning the inaugural Governor of the Year award from specialist publication Central Banking. The publication cited Draghi's leadership as key to restoring confidence in the European economy.
- Fischer Nominated as Vice Chair of Federal Reserve
- January 10, 2014
The Group of Thirty is pleased to note that President Obama has nominated G30 member, Stanley Fischer, as Vice-Chair of the Board of Governors of the Federal Reserve System. We congratulate him on his nomination.
- Debt, Money, and Mephistopheles: How Do We Get Out of This Mess
Adair Turner discusses causes that contributed to the financial crisis and post crisis recession.
- 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.
Guillermo de la Dehesa discusses design and management failures that contributed to the economic crisis facing the eurozone.