DEFINITION of 'Group Of 30 - G30'
A consultive group composed of academics and financiers whose goal is to facilitate understanding of financial and economic issues in the private and public sectors. The Group of 30, or more commonly referred to as G30, was founded in 1978 and examines topics such as: foreign exchange, capital markets, central banks and macroeconomic issues.
BREAKING DOWN 'Group Of 30 - G30'
One of the G30's most read published article is a piece on derivatives, titled Derivatives: Practices and Principles. At the time, many people were skeptical of using derivatives due to lack of understanding and the complexity of derivatives. The G30's article was aimed and facilitating understanding of derivatives, including recommendations on the proper use and management of derivatives.