Decoding G20 18 September 2023

Expand LiFE

• Life For Environment

• Lifestyle For Environment

• Life For Ecosystem

• Lifestyle for Ecology

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

• 20, NAFTA

• 19, EU

• 21, LAFTA

• 22, ASEAN

Expand SSBs in the context of International Finance and G20

• Standard Setting Body

• Securities Standards Board

• Standard Specification Body

• Securities Supervising Board

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

• 4

• 5

• 6

• 3

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 -----------.

• core

• G20

• OECD

• NAFTA

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

• OECD

• developed

• NAFTA

• developing

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.

• Financial Stability Forum

• International Stability Forum

• Global Stability Forum

• Forex Stability Forum

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.

• Basel Committee

• Accounting Standards Board

• Financial Standards Board

• Forex Standards Board

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.

• Basel III, shadow banking

• Basel IV, Neo Banking

• Basel II, Digital Banking

• Basel I, Mobile Bnaking

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

• 20%

• 10%

• 30%

• 40%