7th Annual Capital Markets Summit:
Managing Risk to Ensure Competitiveness in a Global Economy
Wednesday, April 10, 2013
On Wednesday, April 10, 2013, the U.S. Chamber of Commerce Center for Capital Markets Competitiveness (CCMC) hosted its Seventh Annual Capital Markets Summit.
The annual CCMC Summit highlights the importance of well-functioning, liquid, vibrant markets for the business community and the role they play in driving economic growth and job creation. The event brings together more than 300 attendees from the business community, and government leaders to examine the state of our financial markets and address the most pressing challenges facing the U.S. and global economies. Prominent speakers in government, public policy, and business focused on the changing regulatory environment and significant emerging trends.
As part of the event, CCMC released data detailing how non-financials use the capital markets. The report is a product of interviews and surveys of more than 200 corporate treasurers and CFOs.
- Choice & Diversity Are Paramount: 95% of Main Street businesses surveyed use 5 or more financial services.
- Choice + Diversity = Flexibility: They use multiple institutions of different sizes to meet their needs. Among Main Street businesses that issue debt, 84% use global institutions, 34% use national institutions and 21% use a regional/ local bank.
- Ineffective Regulations = Reduced Choices And Increased Costs: More Main Street businesses say Dodd-Frank is reducing choice, rather than creating more choice.
- As A Result, Main Street Businesses Tend To Favor Trends & Policies That Preserve Choice
At the Event, Speeches Delivered by:
- Tom Donohue, President and CEO, U.S. Chamber of Commerce
- Gary Gensler, Chairman, Commodity Futures Trading Commission – click here to read the Chairman’s prepared remarks
- Jeb Hensarling, Chairman, House Financial Services Committee
- Ron O’Hanley, President, Asset Management and Corporate Services, FMR LLC – click here to read O’Hanley’s prepared remarks
- Steven A. Kandarian, Chairman, President and Chief Executive Officer, MetLife, Inc. – click here to read Kandarian’s prepared remarks
- William “Bill” McNabb, III, Chairman of the Board, President and Chief Executive Officer, The Vanguard Group, Inc.
- Maxine Waters, Ranking member, House Financial Services Committee – click here to read Congresswoman Waters’ prepared remarks
Photos clockwise from top left:
Association executive panel; Congresswoman Maxine Waters, CFTC Chairman Gary Gensler, Vanguard President and CEO Bill McNabb, U.S. Chamber President and CEO Tom Donohue, FMR asset managment President Ron O’Hanley