The Institute of International Finance (IIF) announced that it is formally establishing a committee of global banking leaders to propose a wide-ranging dialogue with international regulatory authorities. "The goal of this dialogue is to frame a set of principles that could guide the financial industry and its official regulators toward a more effective and efficient regulatory regime," said Dr. Josef Ackermann, Chairman of the IIF’s Board of Directors and Chairman of the Management Board and Group Executive Committee of Deutsche Bank AG.
The new IIF Special Committee for a Strategic Dialogue on Effective Regulation will be co-chaired by Mr. Peter Wuffli, Group Chief Executive Officer of UBS AG and by Mr. William B. Harrison Jr., Chairman of the Board, J.P. Morgan Chase & Co. Speaking at a press conference at the IIF’s Spring Membership Meeting, Dr. Ackermann underscored the considerable work that has been undertaken over recent months to set the stage for this new initiative, which has been led by Mr. Wuffli and Sir George Mathewson, who is retiring as Chairman of the Royal Bank of Scotland.
See full Press Release.
Posts
