Columbia International Affairs Online: Working Papers

CIAO DATE: 04/2015

Completing the G20's Program to Reform Global Financial Regulation

Malcolm D. Knight

February 2015

Centre for International Governance Innovation

Abstract

The measures regulators have largely agreed on for a strengthened and internationally harmonized financial regulatory regime, which were endorsed at the 2014 G20 leaders summit in Brisbane, are a major step toward achieving a robust and less crisis-prone global financial system. There are, however, a number of specific measures that need to receive closer attention in order for the G20 leaders to declare their reform program a success. This paper discusses what policy makers and regulators should focus on in 2015 and why closer international cooperation in implementing regulatory reforms will be essential for success.