Turbulence in Asset Markets: the Role of Micro Policies
Report of the Contact group on Asset Prices
A Brief Guide to Committees, Groups, and Clubs
A Factsheet

The General Arrangements to Borrow (GAB) The New Arrangements to Borrow (NAB)
A Factsheet




Insolvency Arrangements and Contract Enforceability
Report of the Contact group1 on the legal and institutional underpinnings of the international financial system

December 2002

"...[I]n the summer of 2000, on the initiative of the Bank of Italy, the G10 Deputies launched a reflection on the issues raised by the increasing integration of international financial markets, and especially by the emergence of large players whose financial activities span many countries and jurisdictions, for the operation of one important component of the legal system, namely insolvency law. The task was taken up by a Contact Group composed of interested countries and institutions. Participants have included representatives from Italy, Japan, the Netherlands, the United Kingdom and the United States, as well the BIS, ECB, IMF, OECD and World Bank."

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1Participants of the Contact Group on the Legal and Institutional Underpinnings of the International Financial System include central bank representatives from Italy, Japan, the Netherlands, the United Kingdom and the United States, as well as the Bank for International Settlements, European Central Bank, International Monetary Fund, Organisation for Economic Cooperation and Development and World Bank.