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JP Morgan Chase President to Speak on "The World Crisis in Banking"

Sir Andrew Crockett, president of JPMorgan Chase International, will discuss the current economic downturn in a lecture on “The World Crisis in Banking: The Failure of Past Banking Regulation and Suggestions for Future Regulatory Reform.” This lecture will be held on Tuesday, April 14 at 4:15 p.m. at Pomona College. There will be a Q&A session following the talk.

Crockett will address why the banking system became so vulnerable to collapse, discussing regulation from various angles, including from a central bank's perspective of controlling the money supply. He will speak about what changes are needed in future banking regulation and central bank policy.

Crocket has been with JPMorgan since 2003, advising the CEO on policy, and is also a member of the Executive Committee of JPMorgan Chase & Co. He served as general manager of the Bank for International Settlements (known as “the central banks’ bank”) for nearly a decade, from 1994-2003. At the request of the G-7 finance ministers, he served as the first chairman of the Financial Stability Forum from 1999-2003, monitoring the health of the international financial system. Previously, Crockett held senior positions at the Bank of England and the International Monetary Fund (IMF). Crockett was named European Banker of the Year in 2000 and was knighted by Queen Elizabeth II in 2003.

This lecture is free and open to the public. It will held in Pomona College’s Rose Hills Theatre (Smith Campus Center, 170 E. 6th Street, Claremont). For further information, call: (909) 621-8881.