A decade on since the start of the global financial crisis, G20 countries have rebuilt the financial system so that it serves society, not the other way round.
By fixing the fault lines that caused the crisis, the financial system is now safer, simpler and fairer than before.
View and share our videos that explain the G20’s work to reform the financial system.
How is the financial system safer?
Ten years on from the last financial crisis, large banks need to have ten times more capital than before to absorb unexpected losses. G20 countries are also transforming shadow banking activities into resilient, market-based finance.
Is the financial system simpler?
he G20 reforms have made the financial system less complex than when the global financial crisis struck ten years ago, including by untangling the complex and fragile web of derivatives contracts between banks.
How have the reforms made the financial system fairer?
G20 reforms are putting in place measures to restore market discipline such that large banks can fail without bringing down the rest, so bank investors, rather than taxpayers, will foot the bill. Reforms to bankers’ pay are helping to address misconduct and bring back individual responsibility.