Mike Sommers
Showing 1–2 of 2 transcripts.
- Milken Institute59 min
Investing in American Infrastructure: The Case for Private Capital
Steve Morriss, Susan Gray, Rick Snyder, Mike Sommers, John Tanyeri
A panel of financial leaders and Michigan Governor Rick Snyder convened to address a projected $5 trillion U.S. infrastructure gap driven by political dysfunction and procurement delays rather than a lack of private capital. Speakers from S&P Global, MetLife, and the American Investment Council highlighted that while risk transfer remains a core P3 principle, significant investment is hindered by fragmented management and voter resistance to tax increases. To overcome these barriers, the group recommended federal standardization of procurement documents, profit-sharing mechanisms to fund non-revenue assets, and simplified, menu-style public-private partnership models.
- Milken Institute1h 1m
Financial Regulation in the 21st Century: Risks, Challenges and Opportunities
Josh Barro, Patrick Cronin, Robert Lavet, Barbara Novick, Mike Sommers, Neal Wolin
A panel of industry leaders and experts from firms like BlackRock, SoFi, and the American Investment Council evaluated the viability of reforming post-crisis regulations like Dodd-Frank and the Volcker Rule following the 2020 election. While acknowledging that capital requirements have reduced systemic failure risks, the group criticized the current framework for excessive complexity, disproportionate burdens on small banks, and the displacement of speculative risk into unregulated sectors. The discussion concluded with a consensus that while major legislative repeal faces political hurdles, future improvements will likely rely on RegTech adoption, proportional regulation based on asset size, and the consolidation of fragmented agency oversight.