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Program Handout Brexit : What does it mean for Europe and its financial industry? with Christian Noyer, Former Governor of the Banque de France Monday, April 29, 2019 10:45 a.m. – 2:00 p.m. Cercle de l'Union Interalliée 33 rue du faubourg Saint-Honoré 75008 Paris Agenda 10:45 a.m. | Registration and Coffee • Welcome by Don Rissmiller, Chief Economist, Strategas & GIC Chair 11:00 a.m. – 12:00 p.m. | A Conversation with Governor Noyer Brexit : What does it mean for Europe and its financial industry? • Christian Noyer, Former Governor, Banque de France • Facilitated by Kathleen Stephansen, Senior Economic Advisor to the Boston Consulting Group Henderson Institute Center for Macroeconomics & GIC Vice Chair of Programs 12:00 – 2:00 p.m. | Lunch Duc de Luynes Dining Room - Ground floor Christian Noyer was born in 1950 near Paris. After obtaining a Bachelor of Laws (LL.B.), he received a Master’s Degree in Public Administration from the Paris Institute of Political Studies (“Scienc- es Po”). He then joined the Ecole Nationale d’Administration (ENA), of which he is a graduate. He entered the French Treasury in 1976, and spent two years in 1980-82 in Brussels as a financial attache at the French Delegation to the European Union. Back at the Treasury, he held various posi- tions, dealing both with domestic and international affairs, and was appointed Director of the Trea- sury in 1993. He also served as an adviser to Mr .Balladur, then Minister of Finance, in 1986-88, and as chief of staff to two other Finance Ministers in 1993 and 1995-97. He was then appointed Vice President of the European Central Bank (ECB) in 1998, when the Bank was set-up in Frankfurt, where he served until 2002. He was Governor of the Banque de France from November 2003 until November 2015. He was also elected Chair- man of the Board of Directors of the Bank for International Settlements (BIS) from 2010 until 2015. About College of Central Bankers The Global Interdependence Center is pleased to announce our College of Central Bankers initiative to further sustain and enhance our relationship with former leaders of the world’s central banks. GIC enjoys a long and trusted rapport with current and former leaders of central banks both in the US and across the globe. Through their participation in our events, the GIC offers a distinguished, neutral platform for thought leadership on important macroeconomic and socially important topics – many in central banking and monetary policy. The College of Central Bankers will continue to enhance GIC’s position as a leader in international dialogue and to further strengthen GIC’s connection to the central banking community. GIC proudly announced the first members of the College of Central Bankers at the 2018 Global Citizen Award and Global Economic and Policy Outlook at the Federal Reserve Bank of Philadelphia. These inaugural members are: • Christian Noyer, Honorary Governor, Banque de France • William Poole, Senior Fellow, Cato Institute and Former President of the Federal Reserve Bank of St. Louis • Anthony Santomero, Former President of the Federal Reserve Bank of Philadelphia We look forward to the formal announcement of the 2019 members of the College of Central Bankers, which will take place on Friday, December 13, 2019 at the Federal Reserve Bank of Philadelphia. The details of this program are forthcoming. Upcoming GIC Programs May 6, 2019 | Philadelphia, PA | 37th Annual Monetary and Trade Conference Featuring speaker Patrick Harker, President & CEO of the Federal Reserve Bank of Philadelphia. Held in partnership with the LeBow College of Business at Drexel University. May 30, 2019 | Little Rock, AR | State Chamber/AIA and GIC Presentation Held in partnership with the Arkansas State Chamber of Commerce & Associated Industries of Arkansas and sponsored by the University of Arkansas Walton School of Business. June 7, 2019 | Philadelphia, PA | African Business Roundtable In partnership with the Odunde Festival at the Federal Reserve Bank of Philadelphia. June 24, 2019 | Chicago, IL | A Look at the Coming Decade Held in partnership with the Federal Reserve Bank of Chicago. Featuring Bill Strauss, Senior Economist and Economic Adviser, Federal Reserve Bank of Chicago. July 11 - 12, 2019 | Victor, ID | Eleventh Annual Rocky Mountain Economic Summit Featuring speaker Tom Barkin, President & CEO of the Federal Reserve Bank of Richmond. Held in partnership with the Bronze Buffalo Foundation. July 16, 2019 | Keystone, CO | What is Next for US Economy and Financial Markets? Held in partnership with the Keystone Policy Center. September 30 - October 1, 2019 | Frankfurt, Germany | Central Banking Series: Frankfurt Featuring speaker Charles Evans, President & CEO of the Federal Reserve Bank of Chicago. Held in partnership with the Deutsche Bundesbank. October 2-3, 2019 | Madrid Spain | Central Banking Series: Madrid Featuring speaker Charles Evans, President & CEO of the Federal Reserve Bank of Chicago. Held in partnership with the Fundación Rafael de Pino. November 15-21, 2019 | Sarasota, FL & Havana, Cuba | GIC’s Return to Cuba Held in partnership with Cuba Educational Travel (CET), University of South Florida Sarasota-Manatee College of Business, and Cumberland Advisors. December 13, 2019 | Philadelphia, PA | 2020 Economic Outlook To be held at the Federal Reserve Bank of Philadelphia. To find more information on GIC, College of Central Bankers, and upcoming events, visit www.interdependence.org.
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  • Opening Speech
    OPENING SPEECH Christian Noyer Governor Banque de France am delighted to open this 5th international We are facing a combination of two diffi culties. symposium of the Banque de France, which I is an opportunity to bring together heads of First, at present, for all countries, the risks for growth central banks and international institutions, leading are on the downside and for infl ation on the upside. academics and directors of private banks, as well Beyond the diversity of their mandates, this represents as representatives of industrialised and emerging a common challenge for all central banks. countries, in order to address a topical issue of common interest and concern to us all. Today’s debate Second, we are all affected, to differing degrees, by will be rich and intense. The fi rst session, chaired the turmoil of the past eight months in the credit by Jean-Claude Trichet, President of the European markets. In the coming hours we shall hold an in-depth Central Bank, will present the main concepts and debate on the relationship between fi nancial stability stylised facts of globalisation and world infl ation. and price stability. But I believe that we will all agree The second session, chaired by Jean-Pierre Roth, that the conduct of monetary policy is more diffi cult President of the Swiss National Bank, will focus on the and more uncertain in a less stable and more volatile links between globalisation and the determinants of fi nancial environment. domestic infl ation. The third session, which will take the form of a round table chaired by Nout Wellink, I would briefl y like to develop these two points.
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  • The International Monetary and Financial
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