3rd Annual Capital Markets Summit: Restoring Confidence in the U.S. Capital Markets, From Main Street to Wall Street
On March 11, 2009 the U.S. Chamber Center for Capital Markets Competitiveness held its 3rd Annual Capital Markets Summit: Restoring Confidence in the U.S. Capital Markets, From Main Street to Wall Street.
With nearly 200 attendees and over 50 reporters covering the event, it was a successful day that focused on modernizing the regulations governing our capital markets in a way that puts the economy, jobs, and investors first.
The event was framed around the release of a declaration outlining eight actions the administration, Congress, and the business community should take to help restore and strengthen the U.S. capital markets.
To read the Declaration, Click here.
• Jamie Dimon, Chairman and Chief Executive Officer, JPMorgan Chase
• Senator Chris Dodd, Chairman, U.S. Senate Committee on Banking, Housing, and Urban Affairs
• Duncan Niederauer, Chief Executive Officer, NYSE Euronext
• Stu Reese, Chairman and Chief Executive Officer, MassMutual
• Tom Wilson, Chairman, President and Chief Executive Officer, Allstate
To read Tom Donohue’s speech, click here.
The panel discussions throughout the day were made up of distinguished leaders in the business and capital markets community. Topics of discussion included –
- Strengthening the Financial System – Managing Risk and Enhancing Resilience. The panelists discussed the actions needed to strengthen the financial system for the long term, and to create greater capacity to identify and respond to market problems before they deepen and cause broader market turmoil. They addressed topics such as how to better identify and manage systemic risk; what is the role of regulators; and how financial institutions and regulators can improve their risk assessment and analysis to better keep pace with innovation.
- Promoting Transparency and Market Integrity. Ensuring investors and market participants have access to reliable and timely information is critical to restoring confidence and liquidity in the capital markets. This panel explored ways in which transparency can be improved to bring greater clarity to the risks associated with financial products and services. The panelists opined on the need to promote market integrity through sound regulation helping to eliminate duplication, gaps and inefficiencies of the current regulatory system.