Decoding G20 18 September 2023

Expand LiFE

G20 is constituted by ---------- countries and the -------

Expand SSBs in the context of International Finance and G20

. China is the home jurisdiction for --- of the 10 largest banks on earth, with operations in over 40 countries

The foremost shift in the global financial trend is that, financial sectors of the world’s largest and fastest-growing developing countries are sufficiently important that they are now part of the -----------.

Third shift in global financial outlook is, ------------ countries are no longer the only hub of financial innovation.

The ---------------- (the forerunner to the Financial Stability Board) and the Basel Committee on Banking Supervisors were created during an era of a distinct interconnected core and a much less connected periphery.

In the wake of the Global Financial Crisis, the membership of the Financial Stability Board (FSB), ---------------- and other key standard-setting bodies was reviewed and expanded to include all G20 countries, with developing countries represented for the first time.

Elements of ------------- and the current discussion on ------------- (see below) exemplify a bias towards the largest firms and largest markets that fails to consider the often very different economic and regulatory environment in emerging market economies.

A study of public consultations regarding Basel banking standards revealed that official and private sector actors from developing countries never account for more than ------------ of respondents