d2e to design and manage the G20 Regulatory Reform Program for major Australian Bank
The G20 was established as a response to the Global Financial Crisis (GFC). Over the Counter (OTC) Derivatives were believed to be at the core of the problem and reforms were agreed to address this issue. This G20 forum brings together a collective of finance ministers and central bankers from the world’s major advanced and emerging economies.
The leaders of the G20 countries agreed to meet the following objectives:
Policy coordination between its members in order to achieve global economic stability and sustainable growth
To promote financial regulations that reduce risks and prevent future financial crises
To create a new international financial architecture.
To ensure compliance, a major Australian bank has established the G20 Regulatory Reform Program. The program, designed and managed by d2e, is divided into streams of activity (policy, process and system) to address the various legislative obligations. The USA’s Dodd Frank Act is the first set of changes to come into effect between January and July 2013. Other regulators aim to bring their rules in over 2013 and 2014. For more information on this program, contact Mark Evans.