Georgetown Center for Financial Markets and Policy

GEORGETOWN CENTER FOR

FINANCIAL MARKETS AND POLICY

Thought Leadership for Global Finance

WELCOME The financial sector plays an increasingly important role in addressing the complex challenges faced by the global society in enabling innovation and entrepreneurship, as well as in uplifting the lives of people around the world.

REENA AGGARWAL Robert E. McDonough Professor of Finance Director, Georgetown Center for Financial Markets and Policy Vice Provost for Faculty, Georgetown University

The Georgetown Center for Financial Markets and Policy, based in Washington, D.C., provides responsible expert insights relating to global finance. The center’s work addresses how global finance can provide impactful and innovative solutions to benefit society broadly. In addition to providing thought leadership, the center’s scholars devise frameworks for financial regulation and policy and facilitate open discussions among leading academics, market participants, and policymakers.

Our faculty at Georgetown University also plays an important role in conducting relevant and rigorous research that impacts practice and policy.

To learn more, please visit our website, finpolicy.georgetown.edu, and engage with us on Twitter @GUFinPolicy.

ABOUT THE CENTER Through influential thought leadership and rigorous, independent, and timely research, the Georgetown Center for Financial Markets and Policy impacts policy and practice for market participants around the world.

Housed at Georgetown University’s McDonough School of Business, the center accomplishes this by: • Convening conferences and events in Washington, D.C., and around the world for leading scholars, market participants, and policymakers; • Advancing the global dialogue on the ways in which financial markets impact society; • Providing a nonpartisan forum for informed discussion; • Conducting and disseminating original research on key issues faced by the global society; and • Cultivating undergraduate and graduate students to become principled leaders with a global mindset to be in service to business and society.

Through these activities, the center delivers innovative solutions, enriches the intellectual life of the university, and inspires meaningful change.

LEADERSHIP

DIRECTOR: Reena Aggarwal EXECUTIVE DIRECTOR: John Jacobs FINANCE AREA CHAIR: Turan Bali ASSOCIATE DIRECTORS: Sandeep Dahiya, Lynn Doran ASSISTANT DIRECTOR: Jessica Dybfest

ADVISORY BOARD

• Dasha Dwin (B ’95), Managing Director, Grosvenor Capital Management • John Garvey (B ’87), Partner, PricewaterhouseCoopers • Michael Psaros (B ’89), Co-founder and Managing Partner, KPS Capital Partners • John Roy (MBA ’85), Executive Vice President, BNY Mellon • Laurence Tosi (C ’90, MBA ’94, L ’94), Chief Financial Officer, Airbnb

“ The NYSE is proud to support the Center for Financial Markets and Policy. We are both global organizations, and the results of our research and executive interaction provide thought leadership to directly influence and impact practice and policy.”

— THOMAS W. FARLEY (C ’97), President and CEO, NYSE Group

Mary Erdoes, CEO, JP Morgan Asset Management

Christine Lagarde, Managing Director, International Monetary Fund

FEATURED EVENTS AND SPEAKERS The center hosts events and prominent speakers from around the world.

EVENTS • Annual Financial Markets Quality Conference, co-sponsored by the Financial Times • Global Finance Summit: Investing in Global Innovation: The Role of Alternative Investments, co-sponsored by the Financial Times • Congressional Policy Briefing Series, in partnership with the Milken Institute • Women on Wall Street, co-sponsored by Georgetown’s student chapter of the Financial Management Association • Roundtable on Regulatory Landscape for FinTech, co-sponsored by the World Economic Forum and SME Finance • Conference on Financial Regulation, co-sponsored by PwC • Symposium on Exchange Traded Funds, co-sponsored by Cantor Fitzgerald • Careers in Capital Markets, co-sponsored by Georgetown’s student chapter of the Financial Management Association • The Leadership Role of Gulf Cooperation Council in the Global Economy, co-sponsored by the Financial Times

SPEAKERS

• Qi Bin, Director General, China Securities Regulatory Commission • Terry Duffy, President, CME Group • Karim El Solh (MBA ’91), CEO, Gulf Capital • Mary Erdoes (C ’89), CEO, JP Morgan Asset Management • Thomas Farley (C ’97), President and CEO, NYSE Group • Adena Freidman, President, Nasdaq • Mario Gabelli, CEO, GAMCO Investors • James Gorman, CEO, Morgan Stanley • Mark Jenkins, Senior Managing Director, Canada Pension Plan Investment Board • Naina Kidwai, former CEO, HSBC India • Michael Piwowar (MBA ’94), Commissioner, U.S. Securities and Exchange Commission

THOUGHT LEADERSHIP

Through Rigorous Research Providing thought leadership for global financial markets, the center conducts and sponsors original research. In this way, the center offers valuable guidance to policymakers and market participants.

Recent research has addressed many important issues including: • Global FinTech and regulation • Systemic risk in the financial sector and economic downturns • Financial market regulation and economic growth • Changing structure of financial markets • Corporate disclosure and earnings quality • Impact of regulation on corporate governance and firm performance • Role of institutional investors in financial markets around the world • Corporate cash holdings and firm decisions The center provides grants, hires student assistants, and purchases data to support research, fostering a vibrant intellectual environment.

Research findings are communicated through publications, working paper series, media interviews, and center-sponsored events. A weekly seminar series featuring invited scholars from top universities and institutions around the world creates a forum for academics to present and discuss relevant topics.

“ The center is crucial in supporting research as well as offering programs that link the business world and markets to the decisions of regulators. This is a very important contribution given the increased role of government and policymakers in the support of innovation, the protection of investors, and the regulation of markets during such a pivotal time.”

— ROHAN WILLIAMSON, Professor of Finance and Bolton Sullivan and Thomas A. Dean Chair of International Business, McDonough School of Business

TRAINING FUTURE LEADERS The Georgetown Center for Financial Markets and Policy cultivates tomorrow’s financial sector leaders, offering many opportunities for students interested in business and policy.

The center brings prominent speakers to the McDonough School of Business, including business leaders and policymakers, who share their knowledge and experiences. These speakers and events present students with the chance to network and connect with employers. In addition, both undergraduate and graduate students gain valuable experience as the center’s research assistants, helping with faculty research, preparing for center events, and implementing online marketing strategies.

“ Working at the Center for Financial Markets and Policy has exposed me to many issues in finance and to the various players in the financial services industry.

The industry leaders, academics, and policymakers who engage with the center have complemented their financial skills with broader societal goals. I now better understand how finance can play a supporting role in my own career aspirations.”

—ANDREA DIAZ (B ’17)

PARTICIPANTS ORGANIZATIONS AND SPEAKERS • The Abraaj Group • ACCION International • BATS Global Markets • BlackRock • The Blackstone Group • Board of Governors of the Federal Reserve System • Booz Allen Hamilton • Brightwood Capital Advisors • Canada Pension Plan Investment Board • The Carlyle Group • CCMP Capital • China Securities Regulatory Commission • Churchill Asset Management, a TIAA-CREF Company • CME Group • CNBC’s Fast Money • Direct Edge • Dubai International Financial Centre Authority • EIG Global Energy Partners • Fajr Capital Group • Federal Deposit Insurance Corporation • Financial Times • FINRA • GE Capital • Gulf Capital • Halyard Capital • Hong Kong Securities and Futures Commission • International Monetary Fund • ITG • J.P. Morgan • Kleiner Perkins Caufield & Byers • KPS Capital Partners LP • Milken Institute

Executive Director John Jacobs at the D.C. Blockchain Summit

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Morgan Stanley Nasdaq Nesma Holding Co. Ltd NYSE Group OTC Markets Group Inc. Panda Power Funds PIMCO PwC Riverstone Holdings LLC T. Rowe Price U.S. Commodity Futures Trading Commission U.S. Department of Homeland Security U.S. Department of Justice U.S. Department of Treasury U.S. Securities and Exchange Commission World Bank World Economic Forum

GET INVOLVED

Connect with us to learn more: Georgetown University McDonough School of Business 529 Rafik B. Hariri Building 37th and O Streets, NW Washington, DC 20057 cfmp@georgetown.edu (202) 687-3796 finpolicy.georgetown.edu @GUFinPolicy

CENTER FOR FINANCIAL MARKETS AND POLICY