Since this process is fully owned by the G20 members, and involves Heads of State and Government, it also confirms the strong commitment at the global level to more multilateralism in economic decision-making. A second example is the designation of the Global Economy Meeting (GEM) as the prime group for the governance of central bank cooperation.
This forum includes central bank governors from all systemic emerging economies. I currently have the privilege of chairing the GEM, and find the candid exchange of views at our bi-monthly meetings of enormous value. 4  BIS Review 81/2010  And a third example is the reform and the expansion of the Financial Stability Board (FSB).