The Global Growth Agenda
G20 Agenda. Panel
Pavilion 8, Conference Hall 8.2

The need to harmonize regulations across the system where finance and risks are global in nature and rapidly spill across borders must be reconciled with the challenge of regulating in a ‘one-size-fits-all’ manner for economies at various stages of development. What are the priority issues that must be addressed for effective reform in finance? What are the barriers to implementing these changes?

Adrian Wooldridge , Management Editor and Schumpeter Columnist, The Economist

Alexey Repik , President, Delovaya Rossiya (Business Russia)
Alexey Repik , President, Delovaya Rossiya (Business Russia)
Andrey Kostin , President, Chairman of the Management Board, Member of the Supervisory Council, Member of the Strategy and Corporate Governance Committee, VTB Bank
Anton Siluanov , Finance Minister of the Russian Federation
Frederic Oudea , President, European Banking Federation; Chief Executive Officer, Société Générale
Chrystia Freeland , Editor, Thomson Reuters Digital
Alexey Repik , President, Delovaya Rossiya (Business Russia)
Michael J. Andrew , Chairman, KPMG International
Ksenia Yudaeva , First Deputy Governor, Central Bank of the Russian Federation


Key moments

As an industry and as a global economy we need clarity, we need finality and we need harmonisation.
Michael Corbat
The world we are living in today remains a challenging place: economically, politically and from a regulatory perspective.к
Michael Corbat
I don’t think that today bankers are actually against Basel III; I think we accepted it, but probably partly as an unavoidable evil.
Andrey Kostin
We would like to build infrastructure that would be more crisis-resistant, and more transparent.
Andrey Kostin
Unless uniform parameters and indicators to evaluate the performance of financial institutions are achieved, there is no way we can ensure efficient progress towards financial stability.
Anton Siluanov
A large part of the world is comprised of systems which are still very dependent upon banks.
Tharman Shanmugaratnam