Charles Dallara, Managing Director of International Institute of Finance, will address the Indian Banks' Association on September 8 in Mumbai, it was announced on Wednesday.
In his keynote address, Mr. Dallara will highlight the critical dimensions of the global financial system's regulatory reform, its impact on emerging markets, and specific issues for India.
Speaking to journalists here, Mr. Dallara said that the meeting of the Indian Bank's Association was taking place “at a time when important decisions are being made by many governments, central banks, regulators and international financial authorities, on the regulatory reform of the financial system, following the recent global financial crisis.” He noted that the IIF had played leading roles on behalf of its 420-member financial services firms across the world in shaping many of the financial industry's positions on regulatory issues and presenting these to the official authorities.
Mr. Dallara further said that the IIF would be holding its Spring Membership Meeting 2011 next March in New Delhi, with a number of India's leading banks serving as hosts and sponsors of this global financial conference.
Mr. Dallara held a number of senior positions in the U.S. Treasury and served as Managing Director at JP Morgan before joining the IIF. In other government roles, he was appointed by former President George Bush as Assistant Secretary of the U.S. Treasury for International Affairs in 1989 and was also Assistant Secretary for Policy Development and Senior Advisor for Policy to the Secretary of the Treasury from 1988 to 1989. The Indian Banks' Association, formed in 1946 with 22 members, now has a membership of 160 institutions, including public sector banks, private sector banks, foreign banks having offices in India and urban co-operative banks.