Financial Leaders Convening at U.Va. For Global Summit Sept. 8–9

Update: For live streaming video of the conference, click here.

Sept. 4, 2008 — The Miller Center of Public Affairs at the University of Virginia will host The New Financial Architecture: A Global Summit, the inaugural Mortimer Caplin Conference on the World Economy, on Sept 8 and 9.

Convened by former Treasury Secretary John Snow, the Center’s Newman Visiting Fellow, the conference is a first-of-its-kind global event that will bring high-ranking financial leaders to U.Va. to address fast-changing global market developments and the most pressing economic and financial questions of the day.

The summit delegates are all former finance ministers from Europe, Asia, South America and the Middle East – a group that represents the predominance of worldwide economic activity and reaches beyond traditional G7 meetings to include perspectives from emerging markets and developing economies on issues including:

• The financial architecture of the future, and how it will have to respond to seismic changes in patterns of economic growth, population, and resource use;
• The global effects of the subprime crisis and credit crunch;
• The emerging role of new financial players, including sovereign wealth funds; and
• The need for institutions to govern and oversee the new financial architecture

The delegates’ recommendations will form a blueprint for global economic management in the 21st century.

“This groundbreaking event will combine these former finance ministers’ practical expertise and knowledge about the global economy with something new: their ability to be candid in their observations and recommendations,” said former Gov. Gerald L. Baliles, director of the Miller Center. “Because they are no longer bound by the constraints of their offices, their recommendations should be that much more frank and unfettered.”

Snow said, “I’m pleased that the Miller Center is bringing together this terrific group of distinguished financial leaders to the University of Virginia. Given all the pressing issues facing the global economy and financial markets, this groundbreaking event occurs at a critical time.

"My hope is that the summit can help forge a path forward for the institutions of international finance, for today’s policymakers, and for the finance ministers of the future.”

CNBC, watched by more than 400 million homes worldwide, is the summit’s exclusive television partner, and will be on-site to cover the proceedings on its television and online networks. CNBC's signature morning program, “Squawk Box,” (6 to 9 a.m. Eastern) co-anchored by Joe Kernen, Becky Quick and Carl Quintanilla, will broadcast live from the historic U.Va. Rotunda.

The Wall Street Journal, the world’s leading business publication, is the summit’s exclusive print partner. With more than 2 million readers worldwide, the Journal is a source of trusted business and finance information for business and political leaders, investors, and consumers.

The Summit will be webcast live in its entirety at It will also be simulcast locally in the South Meeting Room of Newcomb Hall, the University student center. Attendance at the sessions is by invitation only.

The Summit, which occurs one month prior to the fall IMF and World Bank meetings in Washington, is aimed at the policy agenda on Sovereign Wealth Funds, the credit crisis, financial regulations, and the global economy.


Gov. Gerald L. Baliles, Director, Miller Center of Public Affairs

John W. Snow, former U.S. Treasury Secretary, Conference Chairman

• Ali Allawi, IRAQ
• Peter Costello , AUSTRALIA
• Han Duck-Soo, SOUTH KOREA
• Hans Eichel, GERMANY
• Dr. Ashraf Ghani, AFGHANISTAN
• Dr. Youssef Hamad Al-Ibrahim, KUWAIT
• John Manley, CANADA
• Dr. Antonio Palocci, BRAZIL
• Dr. Rodrigo de Rato, SPAIN
• Jin Renqing, CHINA
• Yashwant Sinha, INDIA
• Domenico Siniscalco, ITALY