Global Banking Roundtable: Globalization and the Future of Banking in the U.S. and Japan

May 22, 2001
past event image
Corporate Program past event

Tuesday, May 22 
8:30 am –12:45 pm

Japanese banks are among the largest in the world, yet they are some of the least profitable. Are the competitive pressures driving the current wave of globalization and consolidation going to make Japanese banks leaner and meaner? Is bigger always better for the American banks caught up in the consolidation frenzy? As Japanese banks face new accounting rules and grapple with bad debt, what lessons can they learn from the U.S. experience? Senior bankers and top government regulators from both sides of the Pacific examine these and other issues critical to the future of banking in Japan and the United States.

Includes continental breakfast and luncheon reception.


8:30 am Registration
9:00 Welcoming Remarks: William Clark, Jr., President, Japan Society
9:05 Opening Keynote: Managing Risks to Achieve Financial Stability
William J. McDonough, President, Federal Reserve Bank of New York
9:45 Panel: Consolidation, Economic Reform and the Future of Japanese Banking
Toshio Morikawa, Advisor to Sumitomo Mitsui Banking Corporation and Former Chairman, The Sumitomo Bank, Ltd.
Toyoo Gyohten, President, Institute for International Monetary Affairs and Senior Advisor, The Bank of Tokyo-Mitsubishi, Ltd. 
Yoshiyuki Fujisawa, Chairman, The Industrial Bank of Japan, Ltd.
Presider: John Bussey, Foreign Editor, The Wall Street Journal
10:45 Coffee Break
11:00 Panel: Is Bigger Always Better? Globalization and the American Experience
John Lipsky, Chief Economist, J.P. Morgan Investment Bank
Mickey Levy, Chief Economist, Bank of America
Richard Medley, Chairman, Medley Global Advisors
Presider: John Bussey, Foreign Editor, The Wall Street Journal
12:00 pmClosing Address: Yoshio Okubo, Deputy Commissioner for International Affairs, Financial Services Agency (Japan)
12:45 Buffet Lunch Reception

Tickets: $55, Japan Society members $45.

  • Tuesday, May 22, 2001
  • 8:30 am