Capital Markets

Financial Services in the Aftermath of the Gramm-Leach-Bliley (GLB) Financial Modernization Act

Program Overview

Brookings - Tokyo Club Research Conference
October 5, 2004
Brookings Institution, Washington, D.C.

PROGRAM

Opening Remarks
Junichi Ujiie, Tokyo Club Foundation for Global Studies and Nomura Holdings
Introduction
Robert Litan, Brookings Institution
Panel One: U.S. Financial Services after GLB
Fannie & Freddie: An Overview
Lawrence J. White, Stern School of Business, New York University
Gramm-Leach-Bliley Five Years On
Richard Herring, Lauder Institute and Wharton Financial Institutions Center, University of Pennsylvania
Regulatory Life After GLB
Daniel K. Tarullo, Georgetown University Law Center
Panel Two: Experience with Financial Conglomerates Abroad
Experience with Bank-Insurance Consolidation
Anthony Saunders, Stern School of Business, New York University
It Never Really Worked: Universal Banking in Germany and Japan
Adam Posen, Institute for International Economics (IIE)
Financial Conglomerates in Japan: Is Japan Heading for a Universal Banking System?
Yasuyuki Fuchita, Nomura Institute for Capital Markets Research
Dinner Speech
John D. Hawke, Comptroller of the Currency
Background document
The Failure of the Gramm-Leach-Bliley Act
Peter Wallison, American Enterprise Institute