Symposium proceedings : international symposium on bamking and payment services.

Symposium Welcoming Remarks / Alan Greenspan, 1 -- Global Change in Payment Systems and Financial Markets -- Major Themes in Changing Banking and Financial Markets / Dennis Weatherstone, 7 -- Changes in Payment and Settlement Systems Around the World / Bert Morris, 15 -- Central Banking and Payment Systems in the European Community / Tommaso Padoa-Schioppa, 27 -- Risks and Risk Management in Banking -- Legal Issues Relating to Netting / H. Rodgin Cohen and Michael M. Wiseman, 53 -- Risk and Risk Management in OTC Derivatives Markets / Patrick de Saint-Aignan and David L Brunner, 61 -- International Banking, Payment Systems and Financial Crises / Eddie George, 73 -- Developments in Banking and Payment Systems in Key Currencies -- The Role of the Japanese Banking and Payment Systems in the International Economy / Akira Nambara, 83 -- Developments in German Monetary Policy and Payment Systems / Wendelin Hartmann, 91 -- Developments in the Dollar Payments System / Edward W, Kelley, Jr, 105 -- Cross-Border and Multi-Currency Settlement Payment and Settlement Systems Policies and Incentives / Wayne D. Angell, 115 -- Report on Central Bank Payment and Settlement Services with Respect to Cross-Border and Multi-Currency Transactions / Tim E. Noel, 123 -- Risk Management in Cross-Border and Multi-Currency Securities Clearance and Settlement / Rolf-E. Breuer, 133 -- Clearance and Settlement in Over-the-Counter Markets -- Panel Discussion: Clearing House Arrangements in the Foreign Exchange Markets / Charles A. E. Goodhart, Panel Moderator, Garrett R. Glass and Graham Duncan, 145 -- Panel Discussion: Clearing House Arrangements in the Over-the-Counter Derivatives Markets / Sheila C. Bair, Panel moderator, Mark C. Brickell, Stephen K. Lynner and John C. Hiatt, 175 Luncheon Speakers -- The Role of Banking in a Global Economy / Richard M. Rosenberg, 207 -- Financing the Economic Transition and the Role of the EBRD / Jacques de Larosidre, 217 -- Symposium Concluding Remarks / Susan M. Phillips, 229 -- Biographies of Speakers, 233.