Latest Interviews
Showing 1171–1185 of 1,758 transcripts.
Clear all filters- Milken Institute1h 0m
How to Restart the Private Market for Mortgage Credit
Ed DeMarco, Lindsey Johnson, Stanford Kurland, Ed Royce, Bryan Whalen, Stan Curlin
The Federal Housing Finance Agency and Treasury Department are actively accelerating Credit Risk Transfer initiatives to move approximately $5 trillion in mortgage credit risk from government-backed balance sheets to private capital markets. Despite significant growth in volume and investor participation from asset managers and hedge funds, the market faces structural challenges including liquidity constraints, regulatory barriers for banks, and a lack of data standardization that hinders small lender access. Industry stakeholders advocate for legislative reforms to broaden the investor base, expand reinsurance mechanisms, and standardize loan-level data to fully revive the private label securities market and ensure long-term financial stability.
- Milken Institute1h 2m
The Speed of Money: What Faster Payments Mean for Banks, Consumers and the Economy
Jackson Mueller, Daniel Gonzalez, Jordan Lampe, Jane Larimer, Shivani Siroya, Dan Gonzalez
Amidst a highly fragmented U.S. payment landscape involving over 12,000 financial institutions, the Federal Reserve's Faster Payments Task Force is guiding an industry-led transition to enhance settlement speeds and data capacity. This initiative builds upon NACHA's mandatory Same-Day ACH rules while evaluating hybrid network models to meet the 75% of businesses expecting one-hour payment completion without relying on a single dominant rail. Driven by global precedents and technical standards like ISO 20022, the sector anticipates a robust, interoperable real-time ecosystem within three to five years that balances innovation with existing prudential regulations.
- Milken Institute1h 1m
Food Security: Strengthening the Global Supply Chain
Cristina Alesci, Pierre Ferrari, Marc LePage, Kimbal Musk, Martin Short, Kenneth Simril
Executives from Heifer International, Genome Canada, and The Kitchen convened to address the critical challenge of feeding a growing global population while mitigating climate change impacts. The panelists outlined a strategic shift away from unsustainable industrial commodity farming toward localized systems, genomic breeding, and protein alternatives that enhance smallholder productivity and nutritional security. Speakers emphasized that achieving these goals requires systemic regulatory reform, advanced infrastructure to reduce food waste, and economic incentives to internalize the environmental costs of current agricultural practices.
- Milken Institute59 min
Impact Investing: Where Are the Deals?
Amit Bouri, John Chiang, Tony Davis, Giles Gunesekera, Deval Patrick, James Gifford, Shiran
Industry leaders from TIAA, Bain Capital, Inherent Group, and the California State Treasurer's office convened to address the critical gap between high consumer interest and the slow deployment of capital in impact investing. Panelists detailed strategic approaches to scaling growth and control investments through specific sectors like affordable housing and inclusive finance, while highlighting the urgent need for standardized measurement frameworks like IRIS to harmonize market expectations. Looking forward, the discussion emphasized that demographic shifts, particularly the impending $40 trillion inheritance by Millennials and increased female financial control, will drive the adoption of regenerative capital models alongside policy reforms to unlock additional tax incentives.
- Milken Institute58 min
Does Capitalism Need Saving?
Peter Passell, Tyler Cowen, Diana Farrell, Alan Krueger, John Taylor
Distinguished economists including Tyler Cowen, Alan Krueger, and Diana Farrell convened to address the U.S. stagnation in wage growth, rising inequality, and the structural vulnerabilities of the middle class. The panel debated critical policy levers such as education reform, universal basic income, and minimum wage adjustments, while highlighting how occupational licensing and reduced competition hinder labor mobility. Ultimately, the discussion emphasized that addressing a fifteen-year productivity slowdown and managing the disruptive effects of automation and immigration are essential for restoring long-term economic prosperity.
- Milken Institute1h 4m
From Battlefield to Business: Translating Military Skills Into Civilian Success
Susan Fallon Brown, Greg Behrman, Brendan Hart, Christopher Perkins, Blas Villalobos, Chris Perkins, Connie Mielke, Ronald Funderburg, Yolanda Parker, Jim Coleman, Lieutenant Hawley
Hosted by Susan Fallon Brown of Monster and Military.com, this panel featured Chris Perkins of Citi, Brendan Hart of Prosper Labs, and Greg Berman of Nationswell to analyze the transition of 2.5 million veteran-owned businesses into the civilian labor market. The discussion highlighted how public-private partnerships have boosted veteran confidence and job readiness metrics while exposing critical gaps in skills translation and self-advocacy that employers can address through initiatives like Citi's hiring targets or Uber's data-driven recruitment. By addressing barriers such as the delayed timing of Transition Assistance Programs and the need for better support for disabled veterans, the event outlined a strategic shift toward corporate retention and tailored mentorship to leverage military leadership in diverse sectors.
- Milken Institute1h 2m
Digital Innovations Transforming India
Reuben Abraham, Sahil Kini, Arvind Pani, Abhishek Sinha, Vivek Wadhwa
A panel of fintech and technology leaders projects that India's rapid smartphone adoption and the India Stack infrastructure will transform its digital economy from cash-dependent to a $2.5 billion mobile payment market by 2025. Key innovations in biometric identity verification and localized language technologies are enabling startups to bypass traditional Western banking and credit card models to serve the unbanked population. Furthermore, experts anticipate these homegrown solutions in health and finance will eventually export globally, disrupting established industries in the United States and other developed nations.
- Milken Institute52 min
Rethinking Risk
Madelyn Antoncic, Jane Buchan, Laird Landmann, Vlad Portnoy, Myron Scholes, David M. Solomon
Prominent financial leaders including David Solomon, Vlad Portnoy, and Myron Scholes convened to analyze alarming market metrics, such as a U.S. market-to-GDP ratio of 125% and a $2.5 trillion increase in corporate leverage, which signal distorted risk management and potential systemic fragility. The panelists cautioned that negative interest rates, reduced broker-dealer liquidity, and reliance on historical stress tests have created an environment where synchronized portfolio reactions could trigger severe market dislocations. Consequently, the group advocated for shifting risk models toward forward-looking data and time-series diversification to better navigate tail risks before current monetary policies eventually normalize.
- Milken Institute55 min
Private Equity Outlook from Industry Titans
Andrea Kramer, Leon Black, Jonathan Nelson, David Rubenstein, Robert Smith
At a recent industry summit, private equity leaders including Leon Black, Jonathan Nelson, and Robert Smith identified high recession risks, compressed leverage, and evolving LP demands as critical challenges reshaping the market. The discussion highlighted a strategic pivot from rapid acquisitions to operational value creation, with firms diversifying into credit products and leveraging sovereign wealth funds to navigate tightening spreads and regulatory barriers. Furthermore, experts projected extended holding periods and a potential expansion of access to non-accredited investors while maintaining skepticism regarding emerging market returns due to currency and governance uncertainties.
- Milken Institute59 min
Chinas Future: The Sky Is Not Falling
Timothy Dattels, James Fong, Stephen Roach, Neil Shen, Jing Ulrich, Xiao Yuqiang
A comprehensive panel analysis examines China's structural shift from a manufacturing-driven "old economy" toward a 20% growth "new economy" fueled by digital giants, entertainment, and domestic consumption. While total social lending reaches 250% of GDP, the government is actively de-leveraging heavy industry and utilizing a $3.25 trillion currency reserve to manage financial stability alongside a transition to managed RMB convertibility. Long-term strategic outlooks highlight a critical demographic inverted pyramid and an unfunded pension system, prompting urgent investments in automation and AI to offset labor shortages and support a consumption-led future.
- Milken Institute1h 1m
Systemic Risk: Inevitable or Preventable?
Scarlet Fu, Dimitri Demekas, Fiona Frick, Michael Piwowar, Paul Sheard, John C. Williams
Leading regulators and analysts including John Williams of the Federal Reserve and Michael Puar of the SEC convened to define systemic risk as threats stemming from liquidity evaporation and deep interconnections between financial sectors. The panel identified diverse primary hazards ranging from China's credit boom and European negative-yielding bonds to U.S. fiscal policies and the opaque risks within illiquid ETF markets. While participants agreed that Dodd-Frank reforms have successfully made major banks more resilient, they emphasized that future stability requires enhanced global regulatory coordination, better fiscal-monetary alignment, and a focus on building system-wide resilience against unpredictable shocks.
- Milken Institute1h 7m
Gender Gap: Checking the Box or Moving the Needle?
Richard Ditizio, Christopher Ailman, Alexandra Cavoulacos, Lauren Leader-Chivée, Rosie Rios, Janet Thomas, Candida Wolff
Panelists and officials highlighted the persistent economic and social costs of gender inequality, citing data that gender-balanced leadership correlates with lower risk, higher performance, and significant GDP growth. While private sector initiatives like CalSTRS and Citi have successfully implemented accountability measures and diverse hiring practices, government agencies continue to lag due to fragmented policies and a lack of internal mentoring structures. The consensus among speakers is that advancing women in leadership requires men to act as active sponsors and companies to enforce measurable diversity targets rather than relying on vague aspirations.
- Milken Institute59 min
Universities Step Up Their Role in Regional Economic Development
Ross DeVol, Ronald Daniels, Fred Farina, Bahija Jallal, Deval Patrick, Ross Duvall, Ron Daniels
Panelists identified that successful regional innovation clusters require the geographic contiguity of universities, industry, and capital, as evidenced by Massachusetts' long-standing leadership and the specific geographic fragmentation challenges faced by institutions like Johns Hopkins. To bridge the "valley of death" between basic research and commercialization, experts advocated for sustained federal investment in commercialization follow-ons and state-level strategic funding that prioritizes cross-institutional collaboration over short-term political cycles. These interventions aim to transform cultural barriers within academia while ensuring a robust pipeline of human capital capable of de-risking technologies and fostering sustainable economic growth.
- Milken Institute1h 1m
How New Investors Are Influencing Venture Capital
Court Coursey, Chance Barnett, Troy Carter, Dave McClure, Kara Nortman, D.A. Wallach, Cort Corsi
A panel of prominent venture capitalists and founders analyzed the current correction in valuations, emphasizing a strategic shift from unchecked growth toward capital efficiency, founder resilience, and rigorous ethical screening. The discussion highlighted emerging investment models like high-velocity seed funding and equity crowdfunding, which are addressing capital gaps in emerging markets while challenging traditional Venture Capital practices. Experts concluded that future market winners will be defined by deep cultural competence in diverse demographics and leverage on marketing innovation to navigate a more conservative, due-diligence-heavy economic landscape.
- Milken Institute59 min
The M&A Outlook
Jason Kelly, John Danhakl, Steve Krouskos, Jennifer Nason, Robin Rankin, Paul Stefanick, John Donhocle, Robin Zasio, Steve Grove, David Freeman, Mr. Sokoloff, Donhawks, MARTHA MINOW
EY Capital Conference panelists collectively forecast a strong 2016 M&A year driven by $675 billion in private equity dry powder and a strategic shift toward alliances amid digital disruption. Key regional trends highlight China's dominance in cross-border deals while intensifying global antitrust scrutiny and activist campaigns reshape traditional corporate governance. Although financing caps and regulatory uncertainty temper specific sectors, the market is expected to see accelerated strategic activity in the second half of the year as companies pursue consolidation to combat technological obsolescence.