Business

Panel discuss legacy of financial crisis

  • BMA event panel discussion: from the left are John Aspden, Karel van Hulle, Sir Andrew Large and Dame Amelia Fawcett (Photograph supplied)

Ten years after the start of the global financial crisis that shook the world, a panel of experts discussed the issue of where financial stability is today.

The topic was explored at a Bermuda Monetary Authority industry event, held following the conclusion of a meeting of the Group of International Financial Centre Supervisors.

Present were 30 representatives from more than 20 jurisdictions. It was the first time in 40 years that the group had held its biannual plenary session in Bermuda.

On the panel was John Aspden, former banker and supervisor, and now chairman of the Group of International Financial Centre Supervisors

He was joined by Dame Amelia Fawcett, chairwoman of the Standards Board for Alternative Investments and a member of Bermuda’s Financial Policy Council, Sir Andrew Large, deputy chairman of Bermuda’s Financial Policy Council and a former deputy governor of the Bank of England, and Professor Karel van Hulle, university professor, member of the BMA board of directors, and former head of insurance and pensions at the European Commission.