Quarterly Bulletin
Fall 2012
Council Meeting Debates Future of the Global Economy
On October 13, the Committee held its 2012 International Council Meeting in Tokyo in conjunction with the World Bank / IMF Annual Meetings. Speakers and participants debated the path forward on global financial reforms amidst the unprecedented transitions taking place regionally and within national economies.
Participants heard from IMF Managing Director Christine Lagarde, German Finance Minister Wolfgang Schäuble, Japanese Central Bank Governor Masaaki Shirakawa, Basel Committee on Banking Supervision Chairman Stefan Ingves, UK Financial Services Authority Chairman Adair Turner, and many other leading dignitaries. Nearly 250 Committee members and friends from the private and public sector participated in this exchange of ideas.
The 2012 International Council program was made possible through the contributions of our strategic partner Mizuho Financial Group and sponsor Deloitte.
Highlights of Recent Events
On September 27, the Committee brought together more than 100 students and recent graduates to learn about career opportunities at the IFIs. Committee members Thelma Diaz, former Resident Director General of the Asian Development Bank, and Jean-Louis Sarbib, Executive Director of Development Gateway and former Senior Vice President of the World Bank's Human Development Network, as well as other experts, provided an overview of their professional experiences. Committee member Arturo Porzecanski, Distinguished Economist in Residence at the American University School of International Service, moderated the event. Watch the Event and Read the Summary.
On July 25-26, the Committee, in partnership with Deloitte and the University of Maryland Smith School of Business, brought together 60 industry leaders and government and multilateral officials involved in implementing global financial reforms for an action-oriented roundtable discussion. Participants examined how to better manage systemic risk among market participants and how to move toward effective harmonization and integration of regulatory standards and practices. Read the Event Summary and Speakers' Remarks.
Luncheon Welcomes Jim Yong Kim
On November 16, the Committee organized a closed-door member luncheon with new World Bank President Jim Yong Kim. Hosted by Committee Co-Chairs Jim Wolfensohn and Bill Frenzel, this intimate discussion between President Kim and seventeen Committee members enabled President Kim to share his early thinking on the Bank’s evolution and provided members the opportunity to share their perspectives on the role of the Bank going forward.
Henry Owen Memorial Award Launched
Through the generous contributions of members and friends, the Committee will launch the Henry Owen Memorial Award in May 2013 to honor our co-founder and friend Henry Owen.
The Award will celebrate innovative policy proposals in the field of international economics from promising graduate-level students by providing a modest prize – based on winning essays – and cultivating opportunities for these emerging leaders to interact with Committee members. By launching the Owen Memorial Award, we hope to inspire new generations of thoughtful young people to follow Henry’s example as both scholar and diplomat.
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