G-30 issues ground-breaking report

REGULATORY UPDATE

LONDON -- The Group of 30 (G-30), an international body comprising the financial world’s elder statesmen, is proposing a series of 20 major reforms for the clearing and settlement infrastructure of the global capital markets. In a report, released mid-January, the G-30 asserted that these reforms were essential to improve the safety of the international securities system, and as a way to dramatically reduce the costs incurred by investors, while simultaneously raising market efficiency. Sir