*  *  *  Early last month, I attended a conference hosted by the Institute of International Finance in Rio de Janeiro, and I sat next to a young man who was an official from the Dubai International Financial Center. After exchanging call cards, I indicated that I was from Trinidad and Tobago and was thinking about establishing an international financial center.
What will the financial services industry look like in WHF’s 40th year? Given the rapidity of innovation and technological change, that is impossible to predict with any certainty. Accordingly, none of us can, a priori, lay out an optimal model either for financial services providers or for financial regulators.