Programme

BANKING IN THE 21ST CENTURY: NEW MODELS FOR A NEW ERA

Securing the Future
CNBC TV debate
Pavilion 4, Hall 4.2, ТV Arena

Moderator:
Geoff Cutmore , Anchor, CNBC

Panellists
Her Excellency Sri Mulyani Indrawati , Managing Director, The World Bank
Jim O’Neill , Chairman, Goldman Sachs Asset Management (GSAM)
Vikram Pandit , Chief Executive Officer, Citigroup Inc.
Tharman Shanmugaratnam , Deputy Prime Minister, Minister for Finance and Minister for Manpower in Singapore

Key moments

I think that there are quite a lot of financial crashes in the world which are showing that they are having to pay using taxpayer money to bail them out and that is something that is quite bad.
Her Excellency Sri Mulyani Indrawati
The market moves faster than the policymakers.
Vikram Pandit
We made a lot of progress. We need to go one step beyond that in order to make the capability real. The reason for this is to create transparency in the market’s mind.
Jim O’Neill
It is all about the culture. We must find a way of bringing a mutual collective responsibility amongst bankers back into the system.
Tharman Shanmugaratnam
There is no question - the banking system, I think, around the world is much stronger than it was 3–4 years ago.
Vikram Pandit
I think that there are quite a lot of financial crashes in the world which are showing that they are having to pay using taxpayer money to bail them out and that is something that is quite bad.
Her Excellency Sri Mulyani Indrawati
The market moves faster than the policymakers.
Vikram Pandit
We made a lot of progress. We need to go one step beyond that in order to make the capability real. The reason for this is to create transparency in the market’s mind.
Jim O’Neill