As president of the G20, we will lead policy discussions at the meeting with all the relevant information and appropriate evaluations of global economic conditions. 3  II. Global Imbalances Among the G20 policy agendas, let me focus on two medium- to long-term issues: global imbalances and international financial architecture. First, on global imbalances.
With a view to enhancing the options available to banks for augmenting their capital levels, the Reserve Bank has recently permitted banks to issue new capital instruments, including perpetual instruments. A notable feature of these instruments is that these are designed to help banks in not only managing their capital effectively but also efficiently. Enhancing corporate governance 8.