Task Force 2: International Financial Architecture for Stability and Development/Crypto-assets and Fintech

Background and Challenges

International Financial Architecture for Stability and Development/Crypto-assets and Fintech Task Force 2 (TF2) aims to promote an international financial architecture for stability and development, with a focus on Crypto-assets and Fintech. To this end, the TF2 will review the T20’s aspirations and achievements during the past decades with respect to the design and improvement of the international financial architecture. As a result of this review, TF2 will identify and recommend new priorities for policy action. Firstly, TF2 will introduce the topic of global financial instability in an era of changing monetary policies and financial crisis management. Lessons learned from the global financial crisis 10 years ago and global analysis of capital flows will be included. The effects of the Federal Reserve Board’s interest rate hikes on currencies and interest rates in emerging markets will also be discussed. Secondly, Japan’s experience of introducing comprehensive regulations on crypto-assets in April 2017 could serve as a starting point for discussing crypto-assets regulations in the G20. Thirdly, TF2 will try to offer suggestions to strengthen global financial safety nets. Finally, TF2 will discuss innovation and evolution of Fintech. This includes how traditional financial institutions, Fintech companies, and big tech players in the financial ecosystem can coexist harmoniously for consumers, and the future implications for society.

T20 on Ensuring Financial Stability and Development

On the eve of the G20 Finance Ministers and Central Bank Governors Meeting, T20 Japan task force on international financial architecture Lead Co-Chair Eiji Ogawa describes what next steps the G20 can take to address financial shocks.

Lead Co-Chair

Eiji Ogawa, Hitotsubashi University


  • Franco Bruni, Italian Institute for International Political Studies
  • Kevin Gallagher, Global Development Center, Boston University
  • Haihong Gao, Chinese Academy of Social Sciences (CASS)
  • Naoyuki Iwashita, Kyoto University
  • Akshay Mathur, Gateway House
  • José Siaba Serrate, Argentine Council for International Relations (CARI)

For further information and inquiries, please contact Institute for International Monetary Affairs.

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