Financial Reform: a Framework for Financial Stability

The Group of Thirty (G30) has issued a report called "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.