Group of Thirty
Encyclopedia
The Group of Thirty, often abbreviated to G30, is an international body of leading financiers and academics which aims to deepen understanding of economic and financial issues and to examine consequences of decisions made in the public and private sectors related to these issues. Topical areas within the interest of the group include:
The group is noted for its advocacy of changes in global clearing
and settlement
.
The group consists of thirty members and includes the heads of major private banks and central banks, as well as members from academia and international institutions. It holds two full meetings each year and also organises seminars, symposia, and study groups. It is based in Washington, D.C.
The Group of Thirty was founded in 1978 by Geoffrey Bell
at the initiative of the Rockefeller Foundation
, which also provided initial funding for the body. Its first chairman was Johannes Witteveen, the former managing director of the International Monetary Fund
. Its current chairman of trustees is Paul Volcker
.
The Bellagio Group, formed by Austrian economist Fritz Machlup
, was the immediate predecessor to the Group of Thirty. It first met in 1963, to investigate international currency problems, particularly the balance of payments crisis which America faced throughout the early 1960s.
.
- Foreign exchangeForeign exchange marketThe foreign exchange market is a global, worldwide decentralized financial market for trading currencies. Financial centers around the world function as anchors of trading between a wide range of different types of buyers and sellers around the clock, with the exception of weekends...
, currencyCurrencyIn economics, currency refers to a generally accepted medium of exchange. These are usually the coins and banknotes of a particular government, which comprise the physical aspects of a nation's money supply...
, etc. - International capital markets
- International financial institutions
- Central bankCentral bankA central bank, reserve bank, or monetary authority is a public institution that usually issues the currency, regulates the money supply, and controls the interest rates in a country. Central banks often also oversee the commercial banking system of their respective countries...
s and supervision of financial services and markets - Macroeconomic issues such as product and labor markets, etc.
The group is noted for its advocacy of changes in global clearing
Clearing (finance)
In banking and finance, clearing denotes all activities from the time a commitment is made for a transaction until it is settled. Clearing is necessary because the speed of trades is much faster than the cycle time for completing the underlying transaction....
and settlement
Settlement (finance)
Settlement of securities is a business process whereby securities or interests in securities are delivered, usually against payment of money, to fulfill contractual obligations, such as those arising under securities trades....
.
The group consists of thirty members and includes the heads of major private banks and central banks, as well as members from academia and international institutions. It holds two full meetings each year and also organises seminars, symposia, and study groups. It is based in Washington, D.C.
Washington, D.C.
Washington, D.C., formally the District of Columbia and commonly referred to as Washington, "the District", or simply D.C., is the capital of the United States. On July 16, 1790, the United States Congress approved the creation of a permanent national capital as permitted by the U.S. Constitution....
The Group of Thirty was founded in 1978 by Geoffrey Bell
Geoffrey Bell
Geoffrey L Bell, , is an economist, banker, and Executive Secretary of the Washington based Group of Thirty, an influential and high powered council of private and central bankers....
at the initiative of the Rockefeller Foundation
Rockefeller Foundation
The Rockefeller Foundation is a prominent philanthropic organization and private foundation based at 420 Fifth Avenue, New York City. The preeminent institution established by the six-generation Rockefeller family, it was founded by John D. Rockefeller , along with his son John D. Rockefeller, Jr...
, which also provided initial funding for the body. Its first chairman was Johannes Witteveen, the former managing director of the International Monetary Fund
International Monetary Fund
The International Monetary Fund is an organization of 187 countries, working to foster global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty around the world...
. Its current chairman of trustees is Paul Volcker
Paul Volcker
Paul Adolph Volcker, Jr. is an American economist. He was the Chairman of the Federal Reserve under United States Presidents Jimmy Carter and Ronald Reagan from August 1979 to August 1987. He is widely credited with ending the high levels of inflation seen in the United States in the 1970s and...
.
The Bellagio Group, formed by Austrian economist Fritz Machlup
Fritz Machlup
Fritz Machlup was an Austrian-American economist. He was notable for being one of the first economists to examine knowledge as an economic resource....
, was the immediate predecessor to the Group of Thirty. It first met in 1963, to investigate international currency problems, particularly the balance of payments crisis which America faced throughout the early 1960s.
Work Programs
The Group of Thirty establishes study groups to analyze issues of particular or systemic importance to the global financial markets. Study group membership is typically broader than that of the G30, comprising experts in the specific field from the regulatory, financial and academic communities, and chaired by a leading figure. Currently the Group of Thirty’s Work Program is focused on financial regulatory systemsFinancial regulation
Financial regulation is a form of regulation or supervision, which subjects financial institutions to certain requirements, restrictions and guidelines, aiming to maintain the integrity of the financial system...
.
The 2008 Financial Crisis and Its Aftermath: Addressing the Next Debt Challenge
In June 2011, The Group of Thirty released its latest occasional paper: The 2008 Financial Crisis and It's Aftermath: Addressing the Next Debt Challenge.http://group30.org/images/PDF/OP82.pdf This report examines the most recent developments in the 2008 Financial Crisis, including the causes, responses and the future outlook for the United States and other markets.Enhancing Financial Stability and Resilience: Macroprudential Policy, Tools and Systems for the Future.
The Working Group on Macroprudential Policy published Enhancing Financial Stability and Resilience: Macroprudential Policy, Tools and Systems for the Future http://group30.org/images/PDF/Macroprudential_Report_Final.pdf in late 2010. The report calls on public officials to empower systemic financial regulators with new tools to enhance economic stability and potentially lessen the severity of future economic crises. These tools would address leverage, liquidity, credit and supervision. The report underscores the fact that while policy action may be difficult and controversial, robust action is necessary.Other Publications
Some recent publications released by the G30 are- It's Not Over 'Til It's Over: Leadership and Financial Regulation, by Thomas M. HoenigThomas M. HoenigThomas Michael Hoenig took office October 1, 1991, as the eighth chief executive of the Tenth District Federal Reserve Bank, in Kansas City, United States. He is serving a full term that began March 1, 2001...
- Twelve Market and Government Failures Leading to the 2008-2009 Financial Crisis, by Guillermo de la Dehesa
- Regulatory Reforms and Remaining Challenges, by Mark CarneyMark CarneyMark J. Carney is the eighth and current governor of the Bank of Canada and the Chairman of the Financial Stability Board, an institution of the G20 based in Basel, Switzerland. These appointments were on October 4, 2007 , and on November 4, 2011...
, Paul TuckerPaul TuckerPaul Tucker is the name of:* Paul Tucker , UK musician, creator and member of the band Lighthouse Family* Paul Tucker , UK economist* Paul Tucker , Canadian comic book artist...
, Phillipp Hildebrand, Jacques de LarosièreJacques de LarosièreJacques de Larosière de Champfeu is a French civil servant. He is the Chairman of the Strategic Committee of the French Treasury and Advisor to BNP Paribas, became President of the London-based European Bank for Reconstruction and Development in September 1993 in the wake of the scandals that led...
, William DudleyWilliam DudleyWilliam Dudley was Dean of Windsor and then Bishop of Durham.A younger son of John Sutton, 1st Baron Dudley, Dudley was nominated to Durham on 31 July 1476. He was consecrated between 1 September and 12 October 1476. In 1483 he supported Richard, Duke of Gloucester, the future King...
, Adair Turner, Roger W. Ferguson, Jr.Roger W. Ferguson, Jr.Roger W. Ferguson, Jr. is an American economist, who was Vice Chairman of the Board of Governors of the Federal Reserve System from 1999 to 2006 and is currently the President and Chief Executive Officer of the Teachers Insurance and Annuity Association - College Retirement Equities Fund... - Financial Reform: A Framework for Financial Stability, by G30 Working Group.
- Lessons Learned from Previous Banking Crises: Japan, Spain and Mexico, by Stefan Ingves, Goran Lind, Masaaki ShirakawaMasaaki Shirakawais a Japanese economist, central banker and the 30th Governor of the Bank of Japan . He is also a Director and Vice-Chairman of the Bank for International Settlements .-Early life:...
, Jaime CaruanaJaime CaruanaJaime Caruana is the General Manager of the Bank for International Settlements. His five-year term began on April 1, 2009. He was also the Governor of the Bank of Spain from July 2000 to July 2006....
, Guillermo Ortiz Martinez
Membership
The current members of the Group of Thirty are:- Paul VolckerPaul VolckerPaul Adolph Volcker, Jr. is an American economist. He was the Chairman of the Federal Reserve under United States Presidents Jimmy Carter and Ronald Reagan from August 1979 to August 1987. He is widely credited with ending the high levels of inflation seen in the United States in the 1970s and...
- Chairman of the Board of Trustees; former Chairman of the Federal ReserveChairman of the Federal ReserveThe Chairman of the Board of Governors of the Federal Reserve System is the head of the central banking system of the United States. Known colloquially as "Chairman of the Fed," or in market circles "Fed Chairman" or "Fed Chief"... - Jacob A. Frenkel - Chairman, JPMorgan Chase International
- Geoffrey L. BellGeoffrey BellGeoffrey L Bell, , is an economist, banker, and Executive Secretary of the Washington based Group of Thirty, an influential and high powered council of private and central bankers....
- Executive Secretary; President Geoffrey Bell and Company - Leszek BalcerowiczLeszek BalcerowiczLeszek Balcerowicz is a Polish economist, the former chairman of the National Bank of Poland and Deputy Prime Minister in Tadeusz Mazowiecki's government...
- Former President, National Bank of PolandNational Bank of PolandNarodowy Bank Polski is the central bank of Poland. It controls the issuing of Poland's currency, the złoty. The Bank is headquartered in Warsaw, and has branches in every major Polish town... - Jaime CaruanaJaime CaruanaJaime Caruana is the General Manager of the Bank for International Settlements. His five-year term began on April 1, 2009. He was also the Governor of the Bank of Spain from July 2000 to July 2006....
- General Manager, Bank for International SettlementsBank for International SettlementsThe Bank for International Settlements is an intergovernmental organization of central banks which "fosters international monetary and financial cooperation and serves as a bank for central banks." It is not accountable to any national government... - E. Gerald CorriganE. Gerald CorriganEdward Gerald Corrigan is an American banker who was the 7th President of the Federal Reserve Bank of New York and Vice-Chairman of the Federal Open Market Committee...
- Managing Director, Goldman SachsGoldman SachsThe Goldman Sachs Group, Inc. is an American multinational bulge bracket investment banking and securities firm that engages in global investment banking, securities, investment management, and other financial services primarily with institutional clients...
, former President of the Federal Reserve Bank of New YorkFederal Reserve Bank of New YorkThe Federal Reserve Bank of New York is one of the 12 Federal Reserve Banks of the United States. It is located at 33 Liberty Street, New York, NY. It is responsible for the Second District of the Federal Reserve System, which encompasses New York state, the 12 northern counties of New Jersey,... - Guillermo de la Dehesa - Director and Member of the Executive Committee, Grupo SantanderGrupo SantanderThe Santander Group is a banking group centered on Banco Santander, S.A., the largest bank in the Eurozone and one of the largest banks in the world in terms of market capitalisation. According to Forbes Magazine Global 2000, it is the 13th largest public company in the world...
- Mario DraghiMario DraghiMario Draghi is an Italian banker and economist who succeeded Jean-Claude Trichet as President of the European Central Bank on 1 November 2011...
- President, European Central BankEuropean Central BankThe European Central Bank is the institution of the European Union that administers the monetary policy of the 17 EU Eurozone member states. It is thus one of the world's most important central banks. The bank was established by the Treaty of Amsterdam in 1998, and is headquartered in Frankfurt,... - William DudleyWilliam DudleyWilliam Dudley was Dean of Windsor and then Bishop of Durham.A younger son of John Sutton, 1st Baron Dudley, Dudley was nominated to Durham on 31 July 1476. He was consecrated between 1 September and 12 October 1476. In 1483 he supported Richard, Duke of Gloucester, the future King...
- President, Federal Reserve Bank of New YorkFederal Reserve Bank of New YorkThe Federal Reserve Bank of New York is one of the 12 Federal Reserve Banks of the United States. It is located at 33 Liberty Street, New York, NY. It is responsible for the Second District of the Federal Reserve System, which encompasses New York state, the 12 northern counties of New Jersey,... - Roger W. Ferguson, Jr.Roger W. Ferguson, Jr.Roger W. Ferguson, Jr. is an American economist, who was Vice Chairman of the Board of Governors of the Federal Reserve System from 1999 to 2006 and is currently the President and Chief Executive Officer of the Teachers Insurance and Annuity Association - College Retirement Equities Fund...
- President and Chief Executive Officer, TIAA-CREFTIAA-CREFTeachers Insurance and Annuity Association – College Retirement Equities Fund is a Fortune 100 financial services organization that is the leading retirement provider for people who work in the academic, research, medical and cultural fields... - Stanley FischerStanley FischerStanley "Stan" Fischer is an American-Israeli economist and the current Governor of the Bank of Israel. He previously served as Chief Economist at the World Bank.-Biography:...
- Governor, Bank of IsraelBank of IsraelThe Bank of Israel is the central bank of Israel. It is located in Kiryat HaMemshala in Israel's capital city of Jerusalem, with a branch office in Tel Aviv. The current governor is Stanley Fischer.-History:... - Arminio Fraga NetoArminio FragaArminio Fraga is a Brazilian economist who was president of the Central Bank of Brazil from 1999 to 2002. He is also a former associate of George Soros and his Quantum Fund...
- Partner, Gávea InvestimentosGávea InvestimentosGávea Investimentos is an independent asset management company, based in Brazil and regulated by the Brazilian Central Bank and the Comissão de Valores Mobiliários ....
; former President of the Central Bank of BrazilCentral Bank of BrazilThe Central Bank of Brazil is Brazil's monetary authority. It was established on December 31, 1964.The Central Bank is linked with the Ministry of Finance. Like other central banks, the Brazilian central bank is the principal monetary authority of the country... - Mark J. CarneyMark CarneyMark J. Carney is the eighth and current governor of the Bank of Canada and the Chairman of the Financial Stability Board, an institution of the G20 based in Basel, Switzerland. These appointments were on October 4, 2007 , and on November 4, 2011...
- Governor, Bank of CanadaBank of CanadaThe Bank of Canada is Canada's central bank and "lender of last resort". The Bank was created by an Act of Parliament on July 3, 1934 as a privately owned corporation. In 1938, the Bank became a Crown corporation belonging to the Government of Canada... - Domingo CavalloDomingo CavalloDomingo Felipe "Mingo" Cavallo is an Argentine economist and politician. He has a long history of public service and is known for implementing the Convertibilidad plan, which fixed the dollar-peso exchange rate at 1:1 between 1991 and 2001, which brought the Argentine inflation rate down from over...
- Chairman and CEO, DFC Associates, LLC; Former ArgentineArgentinaArgentina , officially the Argentine Republic , is the second largest country in South America by land area, after Brazil. It is constituted as a federation of 23 provinces and an autonomous city, Buenos Aires...
Minister of the Economy - Martin FeldsteinMartin FeldsteinMartin Stuart "Marty" Feldstein is an economist. He is currently the George F. Baker Professor of Economics at Harvard University, and the president emeritus of the National Bureau of Economic Research . He served as President and Chief Executive Officer of the NBER from 1978 through 2008...
- President, National Bureau of Economic ResearchNational Bureau of Economic ResearchThe National Bureau of Economic Research is an American private nonprofit research organization "committed to undertaking and disseminating unbiased economic research among public policymakers, business professionals, and the academic community." The NBER is well known for providing start and end... - Abdulatif Al-Hamad - Chairman, Arab Fund for Economic and Social DevelopmentArab Fund for Economic and Social DevelopmentThe Arab Fund for Economic and Social Development is a Kuwait-based, pan-Arab development finance institution. All member-states of the Arab League are members of the AFESD. As of 2003, it held around USD 7.3 billion in assets....
- Philipp HildebrandPhilipp HildebrandPhilipp Hildebrand is a Swiss banker. Since 2003 he has been a member of the governing board of the Swiss National Bank. With effect from 1 January 2010, the Federal Council appointed him to the positions of Chairman of the Governing Board and Head of Department I in Zurich.-Background:While at...
- Chairman of the Governing Board, Swiss National BankSwiss National BankThe Swiss National Bank is the central bank of Switzerland. It is responsible for Swiss monetary policy and for issuing Swiss franc banknotes.The names of the institution in the four official languages of the country are: ; ; ; .... - Gerd Häusler - CEO, Bayerisch Landesbank, former Director of International Capital Markets at the IMF
- Mervyn Allister KingMervyn King (economist)An ex-officio member of the Bank's interest-rate setting Monetary Policy Committee since its inception in 1997, Sir Mervyn is the only person to have taken part in every one of its monthly meetings to date. His voting style is often seen as "hawkish", a perspective that emphasises the dangers of...
- Governor of the Bank of EnglandGovernor of the Bank of EnglandThe Governor of the Bank of England is the most senior position in the Bank of England. It is nominally a civil service post, but the appointment tends to be from within the Bank, with the incumbent grooming his or her successor... - Paul KrugmanPaul KrugmanPaul Robin Krugman is an American economist, professor of Economics and International Affairs at the Woodrow Wilson School of Public and International Affairs at Princeton University, Centenary Professor at the London School of Economics, and an op-ed columnist for The New York Times...
- Professor of Economics, Woodrow Wilson School, Princeton UniversityPrinceton UniversityPrinceton University is a private research university located in Princeton, New Jersey, United States. The school is one of the eight universities of the Ivy League, and is one of the nine Colonial Colleges founded before the American Revolution.... - Guillermo Ortiz Martinez - Former Governor, Banco de MéxicoBanco de MéxicoThe Bank of Mexico , abbreviated BdeM or Banxico, is Mexico's central bank and lender of last resort. The Bank of Mexico is autonomous in exercising its functions, and its main objective is to achieve stability in the purchasing power of the national currency.On December 15, 2009, Agustín Carstens...
- Kenneth RogoffKenneth RogoffKenneth Saul "Ken" Rogoff is currently the Thomas D. Cabot Professor of Public Policy and Professor of Economics at Harvard University. He is also a chess Grandmaster.-Early life:...
- Professor, Harvard UniversityHarvard UniversityHarvard University is a private Ivy League university located in Cambridge, Massachusetts, United States, established in 1636 by the Massachusetts legislature. Harvard is the oldest institution of higher learning in the United States and the first corporation chartered in the country... - Tharman ShanmugaratnamTharman ShanmugaratnamTharman Shanmugaratnam is a politician from Singapore. A member of the governing People's Action Party , he is currently the country's Deputy Prime Minister, Minister for Finance and Minister for Manpower. He previously served as the Minister for Education from 2003 to 2008...
- Minister of Finance, Deputy Prime Minister SingaporeSingaporeSingapore , officially the Republic of Singapore, is a Southeast Asian city-state off the southern tip of the Malay Peninsula, north of the equator. An island country made up of 63 islands, it is separated from Malaysia by the Straits of Johor to its north and from Indonesia's Riau Islands by the... - Masaaki ShirakawaMasaaki Shirakawais a Japanese economist, central banker and the 30th Governor of the Bank of Japan . He is also a Director and Vice-Chairman of the Bank for International Settlements .-Early life:...
- Governor, Bank of Japan - Lawrence SummersLawrence SummersLawrence Henry Summers is an American economist. He served as the 71st United States Secretary of the Treasury from 1999 to 2001 under President Bill Clinton. He was Director of the White House United States National Economic Council for President Barack Obama until November 2010.Summers is the...
- Charles W. Eliot University Professor, Harvard UniversityHarvard UniversityHarvard University is a private Ivy League university located in Cambridge, Massachusetts, United States, established in 1636 by the Massachusetts legislature. Harvard is the oldest institution of higher learning in the United States and the first corporation chartered in the country... - Jean-Claude TrichetJean-Claude TrichetJean-Claude Trichet is a French civil servant who was the president of the European Central Bank, a position he held from 2003 to 2011. He is also a member of the Board of Directors of the Bank for International Settlements...
- Former president, European Central BankEuropean Central BankThe European Central Bank is the institution of the European Union that administers the monetary policy of the 17 EU Eurozone member states. It is thus one of the world's most important central banks. The bank was established by the Treaty of Amsterdam in 1998, and is headquartered in Frankfurt,... - Lord Adair Turner - Chairman, Financial Services AuthorityFinancial Services AuthorityThe Financial Services Authority is a quasi-judicial body responsible for the regulation of the financial services industry in the United Kingdom. Its board is appointed by the Treasury and the organisation is structured as a company limited by guarantee and owned by the UK government. Its main...
- Sir David WalkerSir David WalkerSir David Alan Walker , a British banker, was the chairman of Morgan Stanley International. He remains a senior advisor to that firm.He was chairman from 1995 to 2001, and then again from 2004 to 2005....
- Senior Advisor Morgan StanleyMorgan StanleyMorgan Stanley is a global financial services firm headquartered in New York City serving a diversified group of corporations, governments, financial institutions, and individuals. Morgan Stanley also operates in 36 countries around the world, with over 600 offices and a workforce of over 60,000.... - Yutaka YamaguchiYutaka YamaguchiYutaka Yamaguchi 山口泰 serves as a member of the Group of Thirty, an international body of leading financiers and academics. He is a former Vice Governor of the Bank of Japan , and was promoted to the position in 1998, following 34 years of continuous service...
- Former Deputy Governor, Bank of JapanBank of Japanis the central bank of Japan. The Bank is often called for short. It has its headquarters in Chuo, Tokyo.-History:Like most modern Japanese institutions, the Bank of Japan was founded after the Meiji Restoration... - Zhou XiaochuanZhou XiaochuanZhou Xiaochuan is a Chinese economist, banker, reformist and bureaucrat. As governor of the People's Bank of China since December 2002, he has been in charge of the monetary policy of the People's Republic of China....
- Governor, People's Bank of ChinaPeople's Bank of ChinaThe People's Bank of China is the central bank of the People's Republic of China with the power to control monetary policy and regulate financial institutions in mainland China... - Ernesto ZedilloErnesto ZedilloErnesto Zedillo Ponce de León is a Mexican economist and politician. He served as President of Mexico from December 1, 1994 to November 30, 2000, as the last of the uninterrupted seventy year line of Mexican presidents from the Institutional Revolutionary Party...
- Director, Yale Center for the Study of GlobalizationYale Center for the Study of GlobalizationThe Yale Center for the Study of Globalization, or YCSG, is a research center at Yale University at New Haven, Connecticut. It was launched in 2001 in order to 'enrich the debate about globalization on campus and to promote the flow of ideas between Yale and the policy world.'The current director...
, Yale UniversityYale UniversityYale University is a private, Ivy League university located in New Haven, Connecticut, United States. Founded in 1701 in the Colony of Connecticut, the university is the third-oldest institution of higher education in the United States...
, and former President of MexicoPresident of MexicoThe President of the United Mexican States is the head of state and government of Mexico. Under the Constitution, the president is also the Supreme Commander of the Mexican armed forces...
Senior Members
- William McDonough - Chairman, Public Company Accounting Oversight BoardPublic Company Accounting Oversight BoardThe Public Company Accounting Oversight Board is a private-sector, non-profit corporation created by the Sarbanes–Oxley Act, a 2002 United States federal law, to oversee the auditors of public companies. Its stated purpose is to 'protect the interests of investors and further the public interest...
- William R. RhodesWilliam R. RhodesWilliam R. "Bill" Rhodes is the Senior Vice Chairman of Citi. and the Chairman of Citigroup and Citibank.He is also Chairman of the Board of both the Americas Society and its affiliate, the Council of the Americas, which were originally founded by David Rockefeller in 1965, and is a board member of...
- Senior Vice Chairman, CitigroupCitigroupCitigroup Inc. or Citi is an American multinational financial services corporation headquartered in Manhattan, New York City, New York, United States. Citigroup was formed from one of the world's largest mergers in history by combining the banking giant Citicorp and financial conglomerate... - Ernest Stern - Partner and Senior Advisor, The Rohatyn Group
- Marina v N. WhitmanMarina von Neumann WhitmanMarina von Neumann Whitman is Professor of Business Administration and Public Policy at the University of Michigan's Ross School of Business as well as The Gerald R. Ford School of Public Policy. She is also a member of the board of directors at the Peterson Institute.Professor Whitman was...
- Professor of Business Administration & Public Policy, Ford School of Public Policy, University of MichiganUniversity of MichiganThe University of Michigan is a public research university located in Ann Arbor, Michigan in the United States. It is the state's oldest university and the flagship campus of the University of Michigan...
Emeritus members
- Erik Hoffmeyer - Former Chairman, Danmarks NationalbankDanmarks NationalbankDanmarks Nationalbank is the central bank of the Kingdom of Denmark. It is a non-eurozone member of the European System of Central Banks . The bank issues the Danish currency, the krone....
- Shijuro Ogata - Former Deputy Governor, Bank of JapanBank of Japanis the central bank of Japan. The Bank is often called for short. It has its headquarters in Chuo, Tokyo.-History:Like most modern Japanese institutions, the Bank of Japan was founded after the Meiji Restoration...
- Richard A. Debs - Advisory Director, Morgan StanleyMorgan StanleyMorgan Stanley is a global financial services firm headquartered in New York City serving a diversified group of corporations, governments, financial institutions, and individuals. Morgan Stanley also operates in 36 countries around the world, with over 600 offices and a workforce of over 60,000....
- Wilfried Guth - Former Spokesmen of the Board of Managing Directors, Deutsche BankDeutsche BankDeutsche Bank AG is a global financial service company with its headquarters in Frankfurt, Germany. It employs more than 100,000 people in over 70 countries, and has a large presence in Europe, the Americas, Asia Pacific and the emerging markets...
- Sylvia OstrySylvia OstrySylvia Ostry, is a Canadian economist and public servant.Born Sylvia Knelman in Winnipeg, Manitoba on June 3, 1927, she received a Bachelor of Arts in economics from McGill University in 1948, a Master of Arts from McGill in 1950, and a Ph.D...
- Distinguished Research Fellow, Munk Centre for International Studies, TorontoMunk Centre for International StudiesThe Munk School for Global Affairs at the University of Toronto is an interdisciplinary academic centre on global issues that integrates research with teaching and public education... - Gerhard Fels - Former Director, Institut der deutschen WirtschaftInstitut der deutschen WirtschaftThe ' is a leading German economic research institute founded in 1951. While its headquarters are located in Cologne, the institute also disposes of an office in Berlin....
- John G. HeimannJohn G. HeimannJohn G. Heimann was Comptroller of the Currency from 1977 to 1981.John G. Heimann, an investment banker and former New York State Supervisor of Banking and Commissioner of Housing and Community Development, was appointed by President Jimmy Carter....
- Senior Advisor, Financial Stability InstituteFinancial Stability InstituteThe Financial Stability Institute , is one of the bodies hosted by the Bank of International Settlements at its headquarters in Basel... - Toyoo Gyohten - President, Institute for International Monetary AffairsInstitute for International Monetary AffairsThe Institute for International Monetary Affairs, or IIMA, is a Tokyo-based economic research institute which provides information and policy recommendations on financial and monetary issues....
- Peter KenenPeter KenenPeter B. Kenen is a Senior Fellow in International Economics at the Council on Foreign Relations and Walker Professor of Economics and International Finance at Princeton University....
- Senior Fellow in International Economics, Council on Foreign RelationsCouncil on Foreign RelationsThe Council on Foreign Relations is an American nonprofit nonpartisan membership organization, publisher, and think tank specializing in U.S. foreign policy and international affairs... - Jacques de LarosièreJacques de LarosièreJacques de Larosière de Champfeu is a French civil servant. He is the Chairman of the Strategic Committee of the French Treasury and Advisor to BNP Paribas, became President of the London-based European Bank for Reconstruction and Development in September 1993 in the wake of the scandals that led...
- Conseiller, BNP ParibasBNP ParibasBNP Paribas S.A. is a global banking group, headquartered in Paris, with its second global headquarters in London. In October 2010 BNP Paribas was ranked by Bloomberg and Forbes as the largest bank and largest company in the world by assets with over $3.1 trillion. It was formed through the merger...
Other former members
Other former members include:- Austrian-American economist, Fritz MachlupFritz MachlupFritz Machlup was an Austrian-American economist. He was notable for being one of the first economists to examine knowledge as an economic resource....
- former Kennedy-era treasury official, Robert RoosaRobert RoosaRobert Vincent Roosa was an American economist and banker. He served as Treasury Undersecretary for Monetary Affairs during the Kennedy administration. He believed the U.S...
- former deputy Bank of England governor, Rupert Pennant-ReaRupert Pennant-ReaRupert Lascelles Pennant-Rea is a British businessman, journalist, and former Deputy Governor of the Bank of England. The son of Peter and Pauline Pennant-Rea, he was educated at the Peterhouse School, an Anglican church boarding school near Marandellas, Rhodesia , before attending Trinity...
- former Bundesbank President, Karl Otto PöhlKarl Otto PöhlKarl Otto Pöhl is a German economist and a President of the Bundesbank and Chairman of its Central Bank Council from 1980 to 1991....
- the former Federal Reserve chairman, Alan GreenspanAlan GreenspanAlan Greenspan is an American economist who served as Chairman of the Federal Reserve of the United States from 1987 to 2006. He currently works as a private advisor and provides consulting for firms through his company, Greenspan Associates LLC...
- Lord Richardson of Duntisbourne - former Honorary Chairman