Shaping Global Financial Reform
Deloitte sponsors a private and public sector leader’s symposium
In the ongoing economic condition, one of the top issues faced by leading executives in the United States and around the world is regulatory reform and oversight of the financial services industry. On April 23, 2009, Deloitte Center for Banking Solutions sponsored “Shaping Global Financial Reform” symposium in conjunction with Bretton Woods Committee and the Boston University Morin Center for Banking and Financial Law. The symposium provided a forum for central bankers, regulatory agency heads, and senior executives from leading banking institutions to discuss issues and challenges surrounding domestic and international regulatory reform in financial services.
Attending the event were more than 100 executives from leading domestic and international financial institutions, regulatory agencies, industry associations and law firms. Some of the topics discussed by the symposium speakers and panelists regarding financial reform included:
- Regulation of systemic risk
- Regulation of the securitization process and capital markets
- International cooperation and standardization in both regulation and crisis resolution of the financial system
- Mechanism to deal with market pro-cyclicality
- A new structure of regulation that monitors the incentives of market players
Attached below is an article that will appear in the Boston University School of Law’s Review of Banking and Financial Law, vol. 28 (2009) and was written by Mariya Deryugina, a student at Boston University School of Law, which provides an overview of the day’s sessions.