Istanbul Finance Summit to focus on low global growth
by Anadolu Agency
ISTANBULSep 01, 2015 - 12:00 am GMT+3
by Anadolu Agency
Sep 01, 2015 12:00 am
Risks posed by a low-growth and low-interest rate economy will be a highly discussed topic at the upcoming 6th Istanbul Finance Summit on Sept. 8-9, according to the announcement made by the Executive Council of Istanbul Finance Summit. "Monetary Policy and Financial Stability" will be among the most important summit forums as central bank governors and deputy governors from across the world will convene to make telling fiscal evaluations. Central Bank of the Republic of Turkey's Governor Erdem Başçı, the Central Bank of Iceland Governor Mar Gudmundsson and the Bank of Italy Governor Salvatore Rossi will share their opinions about the direction of international monetary policies. The summit will take place right before the September meeting of the U.S. Fed, and analysts expect hints about the Fed's September announcement may surface while policy makers are gathered in Istanbul. In other words, the new pulse of the global economy might first be taken in Istanbul.
Also included on the list of discussion topics for the summit is the long-term performance of economies. A panel will assess financial decision makers' risk-taking tendencies in a low growth - low interest rate environment, the future of the financial centers and their impacts on global development will be discussed. Joining the panel will be MRL Corporation CEO Cornelia Meyer, Casablanca Finance City Authority CEO Said Ibrahimi, Luxembourg for Finance CEO Nicolas Mackel, Borsa Istanbul Chairman Talat Ulussever and Frankfurt Main Finance General Manager Hubertus Vath.
Istanbul Finance Summit has hosted 173 speakers from 35 countries and more than 5,000 attendants from 51 countries over the last five years. Many global leaders from North America, Europe, Gulf Region and East Asia will attend this year's summit.