The World Financial Order in the 21st Century
Luncheon Presentation by Ambassador David Mulford,Vice Chairman International, Credit Suisse
Regulatory relaxation on financial institutions and markets is considered one of the key culprits of the 2008 global financial crisis. Numerous financial institutions pursued riskier investment to enhance returns without any intervention from regulatory authorities, while these bodies failed to control underlying systemic risks accumulated in the financial market. What is the new world financial order that has emerged? Will the introduction of the Volcker rule improve the financial healthiness of banks in the US and Europe? As non-American banks rise in prominence and clout following the crisis, what will it mean for US banks? Are they financially more sound than their Western counterparts? Which countries will dominate? How will this impact East to West M&A activity and the traditional West to East model?
David Mulford is Vice Chairman International of Credit Suisse. Based in New York and London, he works with a range of clients across the bank with a particular focus on governments and corporate clients. Ambassador Mulford rejoined Credit Suisse in 2009 after five years as the US Ambassador to India. Prior to that, he was Chairman International and Member of the Executive Board of Credit Suisse. Ambassador Mulford has held several positions in the US government including Under Secretary and Assistant Secretary of the US Treasury for International Affairs; US Deputy for coordination of economic policies with other G-7 nations; and leadership of the Administration's international debt strategy. Ambassador Mulford is a graduate of Lawrence University and received his Master's from Boston University and Ph.D from Oxford University.
China Club, 13/F, The Old Bank of China Building, Bank Street, Central Hong Kong (Please note: No sneakers, denim or sportswear)