The global economy is still far from its full recovery after the devastating impact of the global financial crisis. The recovery of US economy remains fragile. The European economy is still struggling with the sovereign debt turmoil and the tail risk scenario for several Eurozone countries remains quite real. In this situation, implementation of the regulatory reform creates more market uncertainty and could become an additional risk driver for the financial industry and the macroeconomic situation.

Philosophical debates on:
– What the global economy ‘s “health” currently is and what fault lines should be monitored.
– How the current regulatory agenda can shape a landscape of the financial industry.
– What might be unintended consequences of the regulatory reform.
– What can be possible impacts of the regulatory reform on the rate and distribution of
economic growth.

Guest speaker of the meeting is Dr.Nouriel Roubini, the cofounder and chairman of Roubini Global Economics, an independent, global macroeconomic strategy research firm. He is also a professor of economics at New York University’s Stern School of Business. Dr. Roubini has extensive policy experience as well as broad academic credentials. From 1998 to 2000, he served as the senior economist for international affairs on the White House Council of Economic Advisors and then the senior advisor to the undersecretary for international affairs at the U.S. Treasury Department, helping to resolve the Asian and global financial crises, among other issues. The International Monetary Fund, the World Bank and numerous other prominent public and private institutions have drawn upon his consulting expertise. He has published over 70 theoretical, empirical and policy papers on international macroeconomic issues and coauthored the books “Political Cycles: Theory and Evidence” (MIT Press, 1997) and “Bailouts or Bail-ins? Responding to Financial Crises in Emerging Markets” (Institute for International Economics, 2004) and “Crisis Economics: A Crash Course in the Future of Finance” (Penguin Press, 2010). Dr. Roubini’s views on global economic issues are widely cited by the media, and he is a frequent commentator on various business news programs. He has been the subject of extended profiles in the New York Times Magazine and other leading current-affairs publications. The Financial Times has also provided extensive coverage of Dr. Roubini’s perspectives. Dr. Roubini received an undergraduate degree at Bocconi University in Milan, Italy, and a doctorate in economics at Harvard University. Prior to joining Stern, he was on the faculty of Yale University’s department of economics.

• 18.20 Chairman’s Opening Welcome - Dr Evgueni Ivantsov, ERMC Chairman
• 18. 30 Global Economy’s Fault Lines - Dr Nouriel Roubini, Chairman Roubini GE
• 19. 00 Free Flowing Debates
• 19. 50 Chairman’s Summing Up - Dr Evgueni Ivantsov, ERMC Chairman
• 20. 00 Networking