Africa too is important to the G-20, as the continent, while accounting for only 5 per cent of the world’s GDP, makes up 17 per cent of the world’s population. As the only African member country of the G-20, South Africa seeks to advance both regional and continental interests when participating in G-20 deliberations, albeit without a formal mandate to do so.
Third, and principally as a transparency endeavor, I would endorse creating a word-searchable database on the Board’s website with the historical interpretations by the Board and its staff of all significant rules. Regulatory interpretations by Board staff have grown piecemeal over the decades and haven’t consistently been treated as the valuable resource they are.