Group of 30 (G-30): Impact on Australia’s Financial Sector in 2025

When conversations turn to the giants of global finance, the Group of 30 (G-30) is a name that commands both respect and curiosity. Formed in 1978, this private, nonprofit consultative group comprises senior figures from central banks, commercial banks, academia, and international organisations. But why does the G-30 matter for Australians in 2025, and how does its work echo through the corridors of our own Reserve Bank and Treasury?

What is the Group of 30? Inside the World’s Financial Brain Trust

The G-30 was founded to deepen understanding of economic and financial issues and to foster dialogue among global financial leaders. Its membership reads like a who’s who of economic powerhouses—think current and former central bank governors, finance ministers, and leading academics. Notable members have included former Reserve Bank of Australia Governor Glenn Stevens and global names such as Mario Draghi and Janet Yellen.

• Non-partisan expertise: The G-30 operates independently, producing influential reports on banking regulation, digital currencies, and economic resilience.

• Global reach, local impact: While the group is international, its research frequently addresses issues directly affecting Australia’s economic landscape, from capital flow volatility to the regulation of fintech.

• 2025 focus: In 2025, the G-30’s agenda includes sustainable finance, systemic risk management, and the implications of artificial intelligence in banking—topics resonating with current Australian policy debates.

Australia and the G-30: Policy Influence and Real-World Impact

Australia’s engagement with the G-30 is more than symbolic. Reports and recommendations from the group have helped shape APRA’s (Australian Prudential Regulation Authority) stance on capital buffers, stress-testing, and, more recently, the regulatory response to crypto-assets.

Case Study: Open Banking and Digital Transformation

In 2024, the G-30 published a landmark report on digital transformation in banking. The report’s recommendations—ranging from secure data sharing to the importance of interoperability—were cited by Australian policymakers as they updated Consumer Data Right (CDR) regulations and accelerated open banking adoption. This alignment between global best practice and local reform illustrates the G-30’s real-world policy footprint.

Key areas where the G-30’s influence can be seen in Australia:

• Financial Stability: G-30 reports on systemic risk have informed APRA’s approach to bank stress tests and capital requirements, particularly in response to global shocks.

• Climate Finance: The G-30’s 2025 research on sustainable finance is helping drive conversations about mandatory climate risk disclosure for Australian listed companies.

• Digital Assets: With the G-30 urging coordinated global regulation, Australian authorities have cited their work in the rollout of digital asset licensing frameworks.

What’s Ahead: G-30 Themes Shaping Australia’s 2025 Financial Agenda

Looking forward, the G-30’s 2025 program is closely aligned with the challenges facing Australia’s financial system:

• AI and Automation: The G-30 is championing responsible AI adoption in banking, a theme now echoed in Australian Prudential Regulation Authority (APRA) consultations and ASIC’s digital finance guidelines.

• Cross-border Payments: With the G-30 prioritising faster, cheaper, and safer cross-border payments, the Reserve Bank of Australia is testing new payment rails in partnership with regional neighbours.

• Sustainable Growth: The group’s latest work on green finance is influencing superannuation fund strategies and the government’s new green bond program, launched in early 2025.

In each case, the G-30’s blend of technical expertise and strategic foresight is helping Australia balance innovation with stability, ensuring our financial system remains resilient in a fast-changing world.

Why Australians Should Care About the G-30

For most Australians, the G-30’s work is behind the scenes, but its influence is felt in the rules that protect your savings, shape your mortgage, and guide your investment options. As Australia grapples with the next wave of financial innovation and regulatory overhaul in 2025, the insights of this elite group will continue to help steer the nation’s economic future.