Program Overview


In the 30 years prior to the Financial crisis, our Industry flourished driven by technology, deregulation and globalization. In recent years, the Industry is being re-sized and reshaped by re-regulation, de-globalization and disruptive technologies. GMG hosted an event on Thursday, 10/22 with a highly distinguished panel to discuss the current state of the industry:

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“After every crisis and government’s response with greater regulation such as Dodd Frank, the question that journalists and academics ask – Are we in a better place? Will this prevent the next catastrophe?. The response then and now is “No”. We are in a better place not as a result of Dodd Frank but because the 2008 financial crisis was different compared to prior such events and business leaders / firms are more cautious and educated about the risks in the system” – Arthur Levitt

ARTHUR LEVITT
Former Chairman of the United States Securities and Exchange Commission (SEC)

“The key trends in disruptive Technologies with respect to Financial Services are block chain, bitcoin, and distributive ledger – which not only potential has cyber defense advantages, but could also virtualize the street back office in a way that has not been available previously and at a wildly disruptive cost” – Tom Glocer

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THOMAS H. GLOCER
Founder of Angelic Ventures and former CEO of Thomson Reuters

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“Blockchain is probably the most overhyped and misunderstood technology right now. There is an incredible opportunity in this technology – having a common ledger accessible to the entire marketplace with proper permissioning/encryption and the potential for real-time trade processing is a very exciting concept. Considering the significant amount of time and money spent on reconciliation efforts, Blockchain technology could have a revolutionary impact on the industry” – Mike Bodson

MICHAEL C. BODSON
President and CEO of Depository and Trust & Clearing Corporation


“Shadow banking is a way of causing change: regulatory arbitrage and new models in the market place. Shadow banking will eventually be acquired by banks moving forward because of the successful peer-2-peer banking model that allow banks to meet their capital charges. Zero interest rates are a good argument for peer-2-peer banking or middle-market lending through the internet because there are a lot of people who would like to make that investment when the alternative use of cash is zero” – Brad Hintz

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BRAD HINTZ
Research Analyst, CFO, and Professor at NYU

Gartland & Mellina Group — A Management Consulting Company