G10 (Group of Ten)

A group, based at the BIS, which is composed of the heads of central banks of the ten most advanced industrial countries (i.e. Belgium, Canada, France, Germany, Italy, Japan, the Netherlands, Sweden, the UK, and the USA), and Switzerland which is an additional informal member of the Group. The principal objective of the G10 is to establish a more secure global trading environment through the consolidation of monetary and fiscal policy.