is basically the governors of the bank of england from the bank of france, european central bank, salon, india, brazil and the bis general manager. that's the elite meeting where i think a lot of the discussions have gone on about cordoning the response to the global financial crisis. there's 18 of them at that in the find and on the 18th floor. a fabulous diamond. it has views over friends and switzerland and germany. it's very global. the next day there's the global economy meeting. that's 30 countries. and vignette countries like turkey and the philippines and indonesia will attend the as was the 15 or 18 that were there the previous night. they sit around the table and another 15 countries are allowed to attend the meeting but are not really supposed to speak unless it's really, really urgent. countries like hungary, for example, or macedonia. they are allowed to attend but they don't talk. sorry, i think macedonia is not allowed to attend because the final 15, the third division, they're not allowed to attend. they just have to hang around. but they are allowed to attend the launch

of england, bank of france. and india and brazil. dis general manager. that is the elite meeting where a lot of the discussions have gone on about coordinating the response to the global financial crisis. those are 18 of them in that. of fine dining room on the 18th floor. at fabulous dining room. use of france and switzerland and germany. very global as befits a global institution. the next date that is the global economy meeting, and that is 30 countries, and then you have countries like turkey and the philippines and indonesia that will attend as well as the 15 or 18 that would have the previous night. and they sit around the table. in another 15 countries are allowed to attend the meeting but are not really supposed to speak unless it is really, really urgent. countries like hungary, for example, or macedonia. they are allowed to attend, but they don't talk. or no -- actually, macedonia is not allowed to attend. the final 15, the third division, they're not even allowed to attend a global economy meeting. th

the bank of england releases some information as well. but it was pretty solid that we don't want to be release the information about the meetings. it's a juggling act. powerful people meeting in secret are not going say i'll tell you everything we talked about. pressure is being put on them. it's happening. t a kind of, you know, it's a very pressure. terrorist a shift in about institutions around the world on social media and what happened in the arab spring and the occupy movement. people are demanding accountability nowadays. i feel the bis needs to adapt to that. >> i want to open the discussion to the whole room. just a housekeeping reminder, if you could wait for the microphone to come to you before you start speaking. and normally we ask everyone to say who they are. since the cameras -- not everybody wants to say that. you can say i'm roger rob rabbit. and i want to mention this. not are all on the record. please feel free, if you would like to tweet using #political forum. and@worldpolicy. do we have a question? >> hi, i'm bill.

she has a very long and distinguished career and international finance at the bank of england. that is "the washington post" and the times of london and of course the u.s. treasury department where we work together and number of years ago. and importantly her biography says she was born in washington d.c.. like me, that is also true. we have parents of reddish origin but unlike me her parents were wise enough to spend enough time in the u.k. that she picked up that wonderful accent that i unfortunately did not. you will see in the second. with that caroline. >> thanks very much matt. it does require a little bit of explanation when i show up as president obama's chauffeur and in fact the g8 david cameron said i had been wondering whose side you are really on. anyway it's a pleasure to be here this morning and i've want to exclaim to our colleagues that i was just meeting with my russian counterpart so he said that is why she is not here and i said she is why i am late. i think that goes to part of what is so valuable about the g20. i should be clear and interest because when ma

she has a very long and distinguished career in international finance at the bank of england, at "the washington post," at the times of london and, of course, at the u.s. treasury department where we worked to the a number of years -- together a number of years ago. and importantly, her biography says she was born in washington d.c. like me, that's also true. we have parents of british origin, but unlike me her parents were wise enough to spend enough time in the u.k. that she picked up that wonderful accent and i, unfortunately, did not. but you'll see in a second. so with that, caroline, please join us, thanks. >> thanks very much, matt. yes, it does require a little bit of explanation when i show up as president obama's sherpa and, in fact, the g8 david cameron said i've been wondering who side you're, you know, you're really on. [laughter] anyway, it's a pleasure to be here in this morning, and i wanted just as i was explaining to our russian colleague that i was just meeting with my russian sherpa counterpart, so we concern he said, well, that's why she's not here, and i said she