The International Regulatory Strategy Group (IRSG) strongly supports the commitment by the Japanese G7 and Indian G20 presidencies to co-ordinate global action to tackle the current global macroeconomic and geopolitical challenges.
In 2023, Japan and India have the opportunity to bring key global
decision makers together to address the economic shocks from the Ukraine
invasion and the impeding global recession and to promote the
importance of joint action.
As governments
seek to manage these challenges, the G7 and G20 commitment to fight
against fragmentation and strengthen multilateralism will go a long way
towards reducing the potentially high cost of fragmentation and the
detrimental effect this may have on the world economy.
Against
this backdrop, the report sets out three priority areas that we believe
the G7 and G20 should focus on – sustainability, innovation and economy.
In these areas, the report outlines seven priorities with corresponding
recommendations, namely – on carbon markets, sustainability
disclosures, crypto-assets, CBDCs, data flows, global economy and last
but not least – infrastructure.
full paper
IRSG
© IRSG - International Regulatory Strategy Group
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