Financial Reform: A Framework for Financial Stability
( Group of Thirty )
(January 15, 2009)
On January 15, 2009, The Group of Thirty released its latest report: Financial Reform: A Framework for Financial Stability. The report addresses flaws in the global financial system and provides 18 specific recommendations to: improve supervisory systems by redefining the scope, boundaries, and structure of prudential regulation; enhance the role of the central banks; improve governance practices and risk management; address pro-cyclicality via capital and liquidity standards; enhance accounting practices; strengthen the financial infrastructure; and increase coordination internationally. The project was led by Paul Volcker, Chairman, and Tommaso Padoa-Schioppa and Arminio Fraga Neto, Vice Chairmen.
To purchase a copy of the report, click here.
To download the list of recommendations, click here.