The Changing Face of Transatlantic Financial Regulation     Print Email
Tuesday, 11 May 2010

On his maiden visit to the United States in his current capacity, The Honorable Michel Barnier, European Commissioner for the Internal Market and Services discussed ongoing efforts in both Europe and the United States to restructure financial services:  measures made all the more contentious in light of the sovereign debt crisis affecting member states of the European Union and the Eurogroup.  Mark Sobel, Deputy Assistant Secretary for International Monetary and Financial Policy at the U.S. Department of the Treasury; James Chanos, Chairman of the Coalition of Private Investment Companies; Patrick Herman, Minister-Counselor for Economics at the Embassy of Belgium; and Julie Chon, Senior Advisor to Chairman Christopher Dodd on the U.S. Senate Banking Committee then participated in a panel discussion regarding the U.S., EU and private sector perspectives on the new proposed financial regulations.  Frank Kelly, Managing Director and Head of Government Affairs – Americas at Deutsche Bank and The Honorable Clay Lowery, Vice President of International Government Affairs at Cisco served as moderators for the discussion.

This meeting was supported by the Transatlantic Program of the Government of the Federal Republic of Germany through funds of the European Recovery Program (ERP) of the Federal Ministry of Economics and Technology.

 Click here for the full text of Commissioner Barnier's keynote address, "Building a New Financial Framework Together."

 
  • World Radio Conference Outcomes

    By Patricia Paoletta, Washington DC

    The latest World Radiocommunication Conference (WRC) wrapped up in late November after four long weeks of negotiations between 3400 delegates from around 165 Member States. All in all, the WRC resulted in positive outcomes for both 5G and Wi-Fi, and will benefit both the U.S. and Europe's communications agendas, particularly with respect to the decisions on spectrum to be allocated for the all-important 5G service. The effect will be to ensure the more rapid development of the next generation of mobile broadband in a manner consistent with U.S. planning and existing development.  Debates on 5G dominated the conference, but allocations for high-altitude platform stations (“HAPS”) sought by U.S. based firms were also favorable. As a result, plans to provide additional internet service to underserved areas may be accelerated.

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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

 

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