Outlook for Financial Regulation
"This challenge is certainly global," says former Federal Reserve Chairman Paul Volcker concerning the future of international financial regulation, "but much depends on our two countries working together to solve the problem." Volcker, now at the helm of President Obama's Economic Recovery Advisory Board, spoke on March 6 at the Federal Presidential residence, Schloss Bellevue, to an audience of distinguished guests -- diplomats, bankers, and fiscal policy legislators -- from across Europe and the United States. The Academy's Spring 2010 Richard von Weizsäcker Distinguished Visitor, Volcker was introduced by German Federal President Horst Köhler and by Peter Y. Solmssen, an Academy Trustee on the management board of Siemens AG, who delivered remarks on the Academy's behalf. Following his talk, Volcker sat down for an in-depth discussion with Jean-Claude Trichet, head of the European Central Bank, Jürgen Fitschen of Deutsche Bank, and Ambassador John Kornblum, a Trustee of the American Academy in Berlin, who moderated.







