Transatlantic Cooperation on Future Regulatory Framework for Financial Services     Print Email
Thursday, 19 March 2009

The Roundtable featured a delegation from the European Parliament’s Economic and Monetary Affairs Committee including:  The Honorable Pervenche Berès, Chairwoman of the Committee, The Honorable John Purvis, Vice-Chairman of the Committee, The Honorable Wolf Klinz, The Honorable Ieke van de Burg and The Honorable Mariela Baeva.  In light of the recent call to establish a European Systematic Risk Council as an early warning system and the upcoming G20 summit in London, the participants engaged in a vivid discussion on the right balance of regulation, surveillance, stimulus packages and bailouts as well as on the possible resulting distortions in the market. The delegation discussed the current financial crises and reform proposals for the regulatory framework of the financial sector.  Presenting a U.S. perspective, Ethiopis Tafara, Director of International Affairs of the U.S. Securities and Exchange Commission addressed the need for collective action regarding financial regulation in light of the upcoming G20 summit in London – but also stressed the importance of finding common parameters rather than identical solutions.  Oliver Moss, Senior Vice President at Bank of America moderated the discussion.
 
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    To the union leaders who occupy offices inside, the big white building just north of Lafayette Square in Washington is known as The House of Labor. Encased on marble, with a view of the White House, it exudes the power that once belonged to leaders of American labor unions to help pick and elect Democratic Party presidents and push their agendas through Congress.

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UMD Jean Monnet Research Project

Infrastructure Planning and Financing: Lessons from Europe and the United States

The University of Maryland has received a Jean Monnet grant from the EU to conduct a series of policy exchanges between Europe and the US on filling infrastructure needs and the utility of public/private partnerships as the financing mechanism. If interested in participating in or receiving more information about these exchanges, please contact Rye McKenzie (rmckenzi@umd.edu).

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New from the Bertelsmann Foundation

The Bertelsmann Foundation is an independent, nonpartisan and nonprofit think tank in Washington, DC with a transatlantic perspective on global challenges.

"Edge of a Precipice" by Nathan Crist

"Newpolitik" by Emily Hruban

 

Summer Course