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rbw/g20-financial-regulation-and-human-rights-may-2012

The G20, financial regulation and human rights (May 2012)

Rethinking Bretton Woods | Fri, May 11, 2012

In the wake of the Wall Street debacle of 2008 and the threat of an impending new global depression, the Group of 20, created as a gathering of Finance Ministers in 1999, began to meet at Heads of State level, with an agenda of reshaping of the international financial system and coordination of financial and monetary policies in the long term.

Issue No. 4 of a series of primers prepared by the initiative "A bottom up approach to righting financial regulation" argues that while it is proper to not confuse the G20 with a formal institution, let alone one with human rights mandates, its member countries should not try to escape the fact that they have human rights  obligations to uphold. Indeed, their actions have significant impacts on the realization and enjoyment of human rights.

 

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