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The Program on International Financial Systems (PIFS) was founded in 1986 under the direction of Hal S. Scott, Nomura Professor of International Financial Systems at HLS. The Program conducts research on capital markets regulation and fosters the interchange of ideas on international finance through their acclaimed series of symposia on Building the Financial System of the Twenty-First Century.
PIFS’ bilateral Symposia feature participants from the United States and their counterparts in China, Japan, the European Union, Latin America, and Russia. The invite-only events observe Chatham House Rules to facilitate an open dialogue amongst the participants. Please visit your country/region of interest by using the links below or to the left.

PIFS is pleased to announce that Neal S. Wolin, Deputy Secretary of the U.S. Department of the Treasury, will deliver a keynote address at the upcoming Japan - U.S. Symposium.
The Sanford I. Weill Center for Strategy and Executive Development, Armonk, NY ♦ October 23-25, 2009
PIFS and the International House of Japan will co-host the Twelfth Annual Japan -U.S. Symposium from October 23 and 25, 2009 in Armonk, New York. Please visit the Japan - U.S. page for more details.
Ritz Carlton, Moscow ♦ November 10-12, 2009
PIFS, in partnership with University Higher School of Economics (U-HSE), Moscow, are pleased to announce a new Symposium on the financial systems of Russia, the European Union, and the United States. This inaugural event will be held in Moscow from November 12-14, 2009.
Harvard Law School, Cambridge, MA ♦ June 12-14, 2009
PIFS and the China Development Research Foundation (CDRF), co-hosted the sixth annual Symposium on Building the Financial System of the 21st Century: An Agenda for China & the United States in June 2009. Please visit our China page for more details.
The Symposium report is now available.
World Wildlife Fund Offices & The Fairmont Hotel, Washington, DC ♦ March 6-8, 2009
PIFS, The World Wildlife Fund and the Nicholas Institute for Environmental Policy Solutions jointly sponsored the Forest Carbon Finance Summit 2009 in Washington, DC. The Summit drew together seventy senior executives, policy experts, investors, as well as legal and financial leaders in an “off the record” offsite meeting to enable frank engagement on whether and how the carbon markets can be useful to channel the required sums of capital to the forest countries to enable and encourage those countries to reduce emissions from deforestation. More...
UniManagement Center, Torino ♦ March 26-28, 2009
PIFS and the Center for European Policy Studies, co-hosted the seventh annual Symposium on Building the Financial System of the 21st Century: An Agenda for Europe & the United States in March 2009. Please visit our Europe page for more details.
Spring 2010
The second annual Symposium on Building the Financial System of the 21st Century: An Agenda for Latin America & the United States will be held in 2010. Please visit our Latin America page for more details.