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An Agenda for Europe and the United States

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April 22-24, 2005 • Eltville, Germany

The third annual Europe-U.S. Symposium took place at the Bundesbank training center, overlooking the Rhine River. This location proved a fitting location to discuss the implications of regulatory differences between Europe and the United States. That section of the Rhine is dotted with a picturesque series of towers, which are all that remain of a cumbersome network of tolls that local governments of an earlier era levied on river commerce. Each government was attempting to regulate commerce within its own borders, in its own interests, but with little regard for the cross-border impact of its actions. The consequence was a heavy drag on river commerce that undoubtedly reduced rates of economic growth and lowered standards of living. This tension between the needs of national regulators and supervisors and the needs of cross-border business was echoed throughout this meeting. 

Topics
•  Basel II: The Implementation of Basel II
•  International Financial Reporting Standards: The Use of U.S. GAAP in the EU and the Use of IFRS in the U.S.
•  Market Structure: Trans-Atlantic Trading of Securities

Keynote Speakers
•  Suzanne Nora Johnson, Vice Chairman, Goldman Sachs
•  Philippe Lagayette, General Manager, Chairman of the Management Committee, JPMorgan Paris
•  Randal K. Quarles, Assistant Secretary for International Affairs, U.S. Department of the Treasury
•  Jürgen Stark, Vice President, Deutsche Bundesbank
•  Gertrude Tumpel-Gugerell, Member of the Executive Board, European Central Bank

Symposium Materials
Agenda
Final Report
Final Presentation

2005 Europe-U.S. Symposium Sponsors

• Clifford Chance
• Credit Suisse Group
• Deutsche Bank
• Deutsche Borse
• GE
• Goldman Sachs International
• International Swaps and Derivatives Association
• Mercer Olivery Wyman
• Morgan Stanley
• PriceWaterhouseCoopers
• Sanpaolo IMI S.P.A
• Securities Industry Association
• State Street Corporation
• Swiss Reinsurance Company
• The Bond Market Association

Last modified: December 04, 2014

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