Reforming Global Financial Governance
Overview
The goal of this work is to make global financial governance systems more transparent, accountable and effective.
The Challenge
One of the primary lessons of the global financial crisis is that financial markets need the oversight of democratic institutions to ensure transparency and accountability. The rules governing international trade and financial markets are set by a small group of nations and institutions, offering little opportunity for participation from the communities most affected by its decisions. The result is a global financial system that is unresponsive to the inequities of economic globalization.
What We're Doing
To help democratize global financial governance systems, we support efforts to reform key global institutions to make them more transparent, accountable and effective in delivering financial security. This includes developing alternative governance structures; bringing new voices to global public dialogue; and building broad alliances—with academic partners, advocacy groups, global organizations and national governments—to ensure that these institutions advance the public good.
Learn more about how our strategies and approaches shape our grant making.
From the Newsroom
- Volcker's Minsky Moment Coverage of Economic Recovery Advisory Board Chairman Paul Volcker's presentation at the Minsky Conference at the foundation
- Six Doctrines In Search Of A Policy Regime New York Times op-ed columnist and economics professor Paul Krugman blogs about 2010 Minsky Conference presentation on bank regulation
- Ford Foundation Hosts 19th Annual Minsky Conference 2010 conference organized by the Levy Economics Institute of Bard College focuses on global economic recovery efforts and recommendations for "reregulation" and reform
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