Tag: CFAR

Actually, it’s already here! It arrived at 7:30 this morning in preparation for today’s event celebrating WashU’s partnership with Wells Fargo Advisors (WFA). Here’s the schedule:

What: Washington University and Wells Fargo Advisors (WFA) present “Innovate, Accelerate, Transform: Investing in People, Businesses and Communities,” an event showcasing the beneficial results of their unique community partnership.

When: 3:30 p.m.-6 p.m. Tuesday, March 3.

Where: Washington University’s Danforth Campus, Knight/Bauer Hall campus map

Who: Washington University students, faculty and alumni, as well as Wells Fargo Advisors President Mary Mack and other community representatives.

Dozens of balloons will drop from the 3rd floor Atrium level onto the Frick Forum at the celebration.

More details: The event is designed to showcase the benefits to the St. Louis region and to society resulting from four major initiatives at Washington University being funded by a gift from Wells Fargo Advisors. The four initiatives include development of entrepreneurial internships; a financial literacy curriculum to teach families in need; practical application of financial research; and United Way fellowships for MBA students.

The event begins at 3:30 p.m. with an exposition in Frick Forum with Washington University students, faculty and alumni describing their involvement in these initiatives, which began in 2012.

At 4 p.m., the program will move to Emerson Auditorium for a dialogue that will feature individuals telling stories of innovation, acceleration and transformation. Each of the four initiatives supported by WFA will be represented.

Mack’s remarks will conclude the event. Refreshments will be available throughout the afternoon.

Read more about the WFA-WashU partnership in Barbara Rea’s RECORD article.

Images by Tucker Pierce.

It’s the multibillion dollar question: What drives economic growth? Diverse sources of capital and a thriving global financial system are key, according to a new report from the U.S. Chamber of Commerce’s Center for Capital Markets Competitiveness (CCMC).

Released last week and authored by Anjan Thakor, PhD, the John E. Simon Professor of Finance at Washington University in St. Louis, the report, “International Financial Markets: A Diverse System is the Key to Commerce,” provides a broad overview of the global financial system and how it supports economic growth, facilitates global trade and creates opportunities for companies, entrepreneurs and individuals.

“The global financial system is a vast combination of traded securities, markets and contracts,” said Thakor, who also serves as PhD program director at Washington University’s Olin Business School.

Prof. Thakor

“This study describes and examines this system from the perspective of the role the global financial system plays in facilitating economic growth and meeting the needs of individuals and companies. The main conclusions are that a robust global financial system helps economic growth, creates more opportunities for individuals and firms, and that it is highly interconnected.” Anjan Thakor

Along with those opportunities come challenges for regulators of institutions and markets in terms of striking a balance between the need for transparency in this system and the need to enable the system to facilitate economic growth, according to Thakor.

“Understanding how this system works, and how to support it, is critical as regulators on every continent look to modernize or alter current regulatory structures,” he added.

To accompany the report, the CCMC also has published an interactive infographic that shows the daily challenges faced by business owners around the world, and the ways main street businesses utilize the financial industry to overcome them.

The full report is available online here.

About the CCMC
Since its inception in 2007, the CCMC has led a bipartisan effort to modernize and strengthen the outmoded regulatory systems that have governed our capital markets. The CCMC is committed to working aggressively with the administration, Congress and global leaders to implement reforms to strengthen the economy, restore investor confidence, and ensure well-functioning capital markets.

About the U.S. Chamber of Commerce
The U.S. Chamber of Commerce is the world’s largest business federation representing the interests of more than 3 million businesses of all sizes, sectors and regions, as well as state and local chambers and industry associations.

News Release by Julie Hail Flory, WUSTL Public Affairs

Walt Galvin, former CFO of Emerson, was the recent guest speaker at the breakfast series sponsored by the Wells Fargo Advisors Center for Financial and Accounting Research. The early-morning topic was: U.S. Corporate Tax Policy.

Walt Galvin

Mr. Galvin stressed that the United States’ has the highest tax rate in the world and that fact is actually hurting the U.S. economy. He said U.S. corporate tax policy encourages U.S. companies operating abroad to keep their profits abroad or re-invest abroad.

In addition to Mr. Galvin’s comments, Olin accounting professor Tom Fields and Mary Bond, a second year MBA student at Olin, presented research studies on corporate tax policy.

Attendees were given the opportunity to ask about their own business opportunities and challenges and receive input from the speakers. Watch video from event by clicking on image above.

Photo credit: Tax books, Martin Deutsch , Flickr