National Press Club

State of Banking Industry

July 17, 2008

About This Video

Run time: 4 minutes

Josef Ackermann, chairman of the Board of Directors of the Institute of International Finance, spoke about economic issues and the state of financial markets. Among the topics he addressed were improving management and operations at financial institutions, tying compensation incentives to performance, risk management, and recent responses to challenges posed by home mortgage lending and credit practices. Following his remarks he answered questions from the audience.