"Does the Future Belong to Financial Conglomerates?"

October 24-25, 2002
Co-hosted by the Brookings Institution and the Royal Netherlands Embassy

Session I: Comparative Evolution of Financial Markets and Institutions

• "Strategies in Financial Services, the Shareholders and the System: Is Bigger and Broader Betterrr?"
  Ingo Walter, NYU

Session II: Non-financial Aspects of Cross-border Market Competition

• "Don't hand out the Combination to the Safe: Efficiency Reasons Supporting Confidentiality for Pivacy, Security, and Trade Secrets"
  Peter Swire, Ohio State University and Morrison & Foerster
  

Session III: Comparison of Institutional Financial Supervision and Regulatory Frameworks

• "Financial Conglomerates and the Supervisory Structure"
  Jeroen Kremers, Deputy Treasurer General, Netherlands Ministry of Finance; Richard Spillenkothen, Director Banking Supervision, Federal Reserve Board; Jonathan Fiechter, Senior Deputy Comptroller, OCC

Session IV: Challenges in Managing Risks of Financial Conglomerates

• "Financial Conglomerates Risk: Management and Supervision"
  Arnold Schilder, Director, De Nederlandsche Bank
• "Risk Measurement, Risk Management and Capital Adequacy in Financial Conglomerates"
  Andrew Kuritzkes, Oliver Wyman; Til Schuermann, Federal Reserve Bank New York; and Scott M. Weiner, Alliance Capital

Session V: Strategic Developments among Financial Conglomerates

• "How will Conglomerates Affect the Competitive Structure of the EU Single Market in Financial Services?"
  Arnoud Boot, University of Amsterdam
• "Benefits and Costs of Integrated Financial Services Provision in Developing Countries"
  Stijn Claessens, University of Amsterdam

Session VI: Emerging Policy Issues Affecting Trans-border Market Development

• "What Constitutes Appropriate Disclosure Policy for a Financial Conglomerate?"
  Lawrence White, NYU

Session VII: Regulating Securities in the Global Age: The Contrast between the EU and the U.S.