FGV and Harvard discuss financial model for Brazil and the US
Finding solutions to the major challenges in building a new financial model for the twenty-first century. This is the goal of the Symposium on Building the Financial System of the 21st Century: An Agenda for Brazil and the United States, held on December 7-9, in DIREITO RIO. The event - coordinated by the Center for Research in Law and Economics (CPDE) of the college - brought together representatives from Brazil and the United States, attended by executives of large financial institutions in both countries, professors of Harvard University and DIREITO RIO, and representatives of national and international regulatory agencies connected to the financial system. Among the guests were the founding partner of Gávea Investimentos, Armínio Fraga; the director of the Program on International Financial Systems at Harvard Law School, Hal Scott; the commissioners Daniel M. Gallagher and Troy A. Paredes, of the U.S. Securities and Exchange Commission; and Otavio Yazbek, of the Securities and Exchange Commission.Leonardo Pereira, chairman of the Securities Commission, and Thomas A. Shannon Jr., U.S. ambassador in Brazil, also attended the event.For Melina Rocha Lukic, one of the organizers and professors of DIREITO RIO, the event is an excellent opportunity to combine theory and practice. In addition to discussing the key issues and challenges of the financial market in these two countries, she adds.