Vasisht Speaks at Caux Round Table
On July 15, 2016, Gaurav Vasisht, director of the Volcker Alliance’s Financial Regulation program, delivered remarks at the Caux Round Table’s 2016 Global Dialogue, focused on “Moral Capitalism at Work.” The Dialogue, which was sponsored by the Convention of Independent Financial Advisors, Deloitte Consulting, and Berkshire Capital was convened at the Harvard Club in New York City and featured dignitaries from the United Nations, as well as industry leaders.
In his remarks, Mr. Vasisht noted that while significant progress had been made by regulators in response to the last financial crisis, more work lay ahead to address both remaining and emerging sources of vulnerability in the system. He emphasized the importance of ensuring that citizens are protected by a simpler, clearer, more adaptive, and more resilient financial regulatory system, and the need to curtail financial institutions’ reliance on runnable forms of short term wholesale funding.
