4th Annual Capital Markets Summit: Getting Main Street Back to Work
On March 24, 2010 the U.S. Chamber Center for Capital Markets Competitiveness held its 4th Annual Capital Markets Summit: Getting Main Street Back to Work.
With over 200 attendees and 49 press outlets covering the event, it was a successful day that focused on the need to get the right financial regulatory reform enacted which is vital to our economy, job creation, and revitalizing Main Street America.
Keynote speakers included:
• Bob Corker, United States Senate, Tennessee
• Gary Gensler, Chairman, U.S. Commodity Futures Trading Commission
• Judd Gregg, United States Senate, New Hampshire
• Bob Greifeld, Chief Executive Officer, NASDAQ OMX Group
• Thomas Hoenig, President and CEO, Federal Reserve Bank of Kansas City
• Kelly King, Chairman and CEO, BB&T Corporation
• Blanche Lincoln, United States Senate, Arkansas
• Neal Wolin, Deputy Secretary, U.S. Department of Treasury
In addition, this day-long gathering of leaders in the business and capital markets community featured distinguished panelists exploring a variety of timely topics, including –
- An Update on Convergence. A video-streamed conversation with International Accounting Standards Board Chairman Sir David Tweedie and Financial Accounting Standards Board Chairman Bob Herz outlined the pending projects and the importance of a global accounting standard.
- Revitalizing Credit, Creating Jobs, and Stimulating the U.S. Economy. Moderated by David Wessel, economics editor for the Wall Street Journal led a discussion on the importance of credit in creating jobs and stimulating the U.S. economy. Panelists provided perspectives on different sources of capital in our economy and an outlook for how regulatory reform actions will affect capital formation. The panel also addressed the role of bank lending and consumer credit in financing businesses, particularly small and mid-sized companies.
- The Importance of Liquid Financial Markets to the U.S. Economy. Led by Ed Knight, executive vice president and general counsel from the NASDAQ OMX Group, the panel addressed the importance of liquid and efficient financial markets to investors, businesses, and the economy. The panelists discussed how businesses use the markets to raise capital and manage risk, and questioned how the different types of market participants benefit from liquid financial markets.
- Enacting Comprehensive Regulatory Reform. The final panel of the day was a discussion of the leaders of the central business associations in the debate; The Financial Services Roundtable, American Institute of Certified Public Accountants; Financial Services Forum; Property Casualty Insurers Association of America; and the Investment Company Institute.