Group of Twenty definition

Group of Twenty means the informal group of twenty finance ministers and central bank governors from twenty major economies: Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, Mexico, Russia, Saudi Arabia, South Africa, South Korea, Turkey, United Kingdom, USA and the European Union (“EU”).
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Group of Twenty or “G20” means the central forum for international co-operation in financial and economic questions and includes argentina, australia, brazil,
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Examples of Group of Twenty in a sentence

  • The Group of Twenty (G20) leaders met for the first time in 2008, initially on November14 for a working dinner and then on November 15 for a working meeting in Washington’s National Building Museum.

  • The Group of Twenty has agreed that requiring standardized and sufficiently liquid OTC derivatives to be cleared through central counterparties will result in more effective management of counterparty credit risk.

  • Finally, the Standards are intended to support the initiatives of the Group of Twenty Finance Ministers and Central Bank Governors (G20) and the Financial Stability Board (FSB) to strengthen core financial infrastructures and markets.

  • Founded in 2009 in reaction to the global financial crisis, the FSB is an international organization of central bank governors and financial regulators established by the Heads of State and Government of the Group of Twenty (G-20) as a successor to the 354 See ibid.

  • Group of Twenty Washington Summit, Declaration Summit on Financial Markets and the World Economy, at 1 (Nov.

  • At the Group of Twenty (G20) meeting on 2 April 2009, governments have committed to undertake sufficient fiscal stimulus measures and reforms to repair damaged financial systems and improve the effectiveness of international institutions.

  • The Group of Twenty also agreed that the FATF should revise and reinvigorate the review process for assessing compliance by jurisdictions with AML/CFT standards.

  • The Group of Twenty, in April 2009, further stated that "it is essential to protect public finances and international standards against the risks posed by non-cooperative jurisdictions" and called on all jurisdictions "to adhere to the international standards in the prudential, tax and AML/CFT areas"115.

  • G20 (an acronym for the Group of Twenty) is the premier forum for international economic cooperation, playing an important role in shaping and strengthening global architecture and governance on all major international economic issues.

  • The FSB will discharge its accountability, beyond its members, through publication of reports and, in particular, through periodical reporting of progress in its work to the Finance Ministers and Central Bank Governors of the Group of Twenty, and to Heads of State and Governments of the Group of Twenty.

Related to Group of Twenty

  • Material financial interest means a personal and pecuniary interest, direct or indirect, accruing to a public servant or spouse, either individually or in combination with each other. Notwithstanding the foregoing, the following shall not be deemed to be a material financial interest with respect to a business with which a public servant may be associated:

  • person with a 0.25 per cent. interest means a person who holds, or is shown in any register or record kept by the company under the Companies Acts as having an interest in, shares in the company which comprise in total at least 0.25 per cent. in number or nominal value of the shares of the company (calculated exclusive of any shares held as treasury shares), or of any class of such shares (calculated exclusive of any shares of that class held as treasury shares), in issue at the date of service of the restriction notice;

  • Group the Company and its subsidiaries

  • Permitted Entity means with respect to a Qualified Stockholder (a) a Permitted Trust (as defined below) solely for the benefit of (i) such Qualified Stockholder, (ii) one or more Family Members of such Qualified Stockholder and/or (iii) any other Permitted Entity of such Qualified Stockholder, or (b) any general partnership, limited partnership, limited liability company, corporation or other entity exclusively owned by (i) such Qualified Stockholder, (ii) one or more Family Members of such Qualified Stockholder and/or (iii) any other Permitted Entity of such Qualified Stockholder.