Group of Thirty issues road-map for financial reforms

Purpose - The purpose of this paper is to summarize the Group of Thirty's recommendations and explain how they relate to other concurrent financial market regulatory initiatives in the USA, UK, and Europe.Design methodology approach - The paper summarizes the report's four core recommendat...

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Bibliographic Details
Published in:The journal of investment compliance 2009-07, Vol.10 (2), p.50-53
Main Authors: Crowley, Daniel F.C, Heiman, Bruce J, Miller, R. Charles, Morgan, Philip J, Perlow, Mark D, Tang, David K.Y, Shah Page, Karishma
Format: Article
Language:English
Subjects:
Analysis
Banking industry
Capital markets
Central banks
Congressional committees
Consumer protection
Derivatives
Equity funds
Fair value
Financial institutions
Financial management
Financial markets
Financial services
Global economy
Hedge funds
International
International cooperation
International finance
International trade
Management
Money markets
Presidents
Private equity
Private equity funds
Proposals
Rating services
Regulation
Regulation of financial institutions
Regulatory reform
Reporting requirements
Securities markets
Studies
Transparency
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Description
Summary:Purpose - The purpose of this paper is to summarize the Group of Thirty's recommendations and explain how they relate to other concurrent financial market regulatory initiatives in the USA, UK, and Europe.Design methodology approach - The paper summarizes the report's four core recommendations, describes how they relate to recent reports by the US Treasury Department, the US Chamber of Commerce, and Committee on Capital Markets Regulation, and discusses how they may signal the direction of forthcoming domestic and coordinated international regulation.Findings - Momentum has been building for consolidation, increased oversight, and international coordination of the legal and regulatory framework that governs the financial industry. The report has an unabashedly pro-regulatory agenda.Originality value - The paper provides helpful reference on the current direction of international financial institution regulation
ISSN:1528-5812
1758-7476
DOI:10.1108/15285810910971292