Location: New York
Author: RiskCenter Staff
Date: Tuesday, January 20, 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 view the full report, click here.