Post Date: April 25, 2005

This weekend, leaders of the financial systems from the U.S. and Europe convened in Eltville, Germany to discuss the function and stability of the global financial system. The three-day symposium was organized by Harvard Law School’s Program on International Financial Systems and the Centre for European Policy Studies.

“This year’s Symposium addressed several of the most important issues facing the trans-Atlantic market,” said Professor Hal S. Scott, Nomura Professor and director of the Program on International Financial Systems. “It produced a lively, well-timed dialogue that will help to define the evolving financial relationship between the EU and the U.S.”

The event drew more than 80 participants, including government leaders, scholars and industry executives from the U.S. and Europe, and focused on three major discussion topics:

Speakers included Randal K. Quarles, assistant secretary for International Affairs at the U.S. Treasury Department; Gertrude Tumpel-Gugerell, member of the executive board, European Central Bank; Jürgen Stark, vice president of the Deutsche Bundesbank; Suzanne Nora Johnson, vice chairman of the Goldman Sachs Group; and Philippe Lagayette, chairman of JP Morgan et Cie in France.

The Harvard Law School Program on International Financial Systems was founded in 1986 to study intersections between law, economics and finance. In the past 19 years, it has published books, held symposia, directed educational programs and advised a variety of countries.