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Managing Financial Risks-The Insurance Industry
Wednesday, June 30, 2004
2:30-4:00 p.m.
IMF Auditorium (Enter via the IMF Center)
720 19th St. N.W.
Washington, D.C.

Transcript of this Forum

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Among the most far-reaching changes taking place in the globalization of finance have been the blurring of the rigid segmentation in the financial industry and the transfer of risks from the banking to the nonbanking sectors. This transfer raises a number of key issues, such as: Where has the risk gone? Will it be increasingly transferred to final users of capital markets, including the household sector? Are these recipients able to manage the risk they have assumed? Will new vulnerabilities arise from these changes? And, what role should the international community—particularly the International Monetary Fund—play in addressing such matters? These and related questions will be discussed by the following panelists:

Hung Tran (Moderator)
Deputy Director
International Capital Markets Department

Keith Buckley
Managing Director, Insurance Practice Group
Fitch Ratings

Charles Lucas
Director of Market Risk Management
American International Group

Grace Osborne
Director of Advanced Analytical Group, Insurance Practice
Standard & Poors

David Strachan
Director of the Life Insurance Division
UK Financial Services Authority