In a report on global financial reform the Washington-based think tank, Group of Thirty, calls for the creation of a national regulator for banking and insurance in nations like the United States where no such regulator exists.
The report, titled "Financial Reform: A Framework for Financial Stability," calls on those nations that lack a "framework for national-level, consolidated, prudential regulation and supervision over large, internationally active insurance companies" to be established.
Group of Thirty is a private, nonprofit, international body composed of senior representatives from the private and public sectors and academia, supported by contributions from private sources: foundations, banks, non-bank corporations, central banks and individuals.
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