In 2009, G20 countries committed to a new framework for strong, sustainable and balanced growth (referred to as the Framework), as well as a Mutual Assessment Process (MAP). The Framework is intended to ensure that the individual country actions contribute to a coherent path forward, while the MAP is intended to gauge the degree of collective consistency of G20 macroeconomic policy actions.
18  See, for example, Procyclicality and Structural Trends in Investment Allocation by Insurance Companies and Pension Funds, A Discussion Paper by the Bank of England and the Procyclicality Working Group, July 2014. 7  The regulatory agenda is crowded and is moving fast. Andy has greatly contributed to shaping it in the past.