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The Economic Crisis and the Financial Sector: Responses in the U.S. and Russia"
April 27, 2009 7pm


Washington, DC

www: https://www.usrbc.org/activities/councilcalendar/event/1764

A Conference on Capitol Hill Presented by


April 27, 2009 * Washington, DC * 2:30pm - 7pm

The Council, in partnership with RusRating and the Association of Regional Banks of Russia, will hold a half-day conference on how the U.S. and Russian governments are responding to the current economic crisis, with a specific focus on the financial sector. The event will take place in Washington, DC on the heels of the World Bank-IMF spring meetings and shortly after the next G-20 gathering. It will include participation by U.S. and Russian government representatives and financial sector experts. More details will be made available in the coming weeks.

Session I:
The U.S. and Russian Financial Sectors – Impact of the Crisis and the Road Ahead
Featuring U.S. Congressional Staffers and Industry Representatives
2:30pm- 3:30pm
How has the global crisis impacted Russia’s financial sector compared to that of the U.S.? How prevalent are innovative financial instruments in Russia? What role will banks play in infrastructure projects connected with stimulus packages in Russia and in the U.S., and how will project financing for these initiatives be structured? How will credit rating agencies function in the context of new market realities? What work needs to be done to improve financial literacy in Russia and in the U.S.? What are the current prospects for Russian bank penetration in the U.S. market?

Session II:
U.S. and Russian Responses to the Economic Crisis: A Post G-20 Discussion
Featuring U.S. and Russian Government Officials
4:30pm – 5:30pm
A select panel of U.S. and Russian legislators and Executive Branch officials will discuss the results of the G-20 meeting in London and explore a common approach to addressing the crisis. What concrete actions need to be taken to guide our trade and investment policies going forward? What fiscal policy mechanisms need more attention?

Keynote Address
5:30pm – 6pm

The conference will conclude with a cocktail reception.

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