Weekly Newsletter – February 22nd, 2016

SAIS International Finance Club Weekly Newsletter – Week of  February 22, 2016

 Club members, please see information on this week’s recent news and exciting events as well as important internship/full-time position deadlines.

–Your SAIS International Finance Club Leadership

 

RECENT FINANCE NEWS

Bloomberg: Asian Stocks Decline After Biggest Weekly Rally in Four Years

  • Most Asian stocks fell, after the biggest weekly rally in four years, as oil held declines and a stronger yen weighed on Japanese shares.
  •  London-based Chief investment officer at RMG Wealth Management stated, “We are stuck in a very low economic gear globally. At best, we can expect a continued muddle through and markets staggering sideways with the occasional bout of volatility.”

WSJ: Use of Fed’s Foreign Repo Program Grows

  • Foreign central banks have sharply increased their overnight deposits in a Federal Reserve program that pays more than some prevailing money-market rates, the latest shift to reverberate through short-term global lending markets.

Bloomberg: The World’s Debt Is Alarmingly High. But Is It Contagious?

  • The world has continued to borrow hand over fist since the financial crisis, adding nearly $60 trillion since 2007 in the process of pushing the worldwide debt load to $200 trillion, or nearly three times the size of the entire global economy.
  • The hand-wringing right now concerns mostly China’s debt, which has tripled since 2009 from $10 trillion to $30 trillion, according to McKinsey’s latest estimates. 
  • China’s rising debt and slowing growth have also affected its appetite for U.S. Treasuries.  For years the country stocked its surpluses into the safety of U.S. debt. Now that those surpluses aren’t as big, China’s been reducing its holdings in Treasuries
 

UPCOMING ON-CAMPUS EVENTS


“More than Just a Rich Country Club: Membership Conditionality and Institutional Reform in the OECD. ” A talk by Christina Davis, Professor of Politics and International Affairs at Princeton University. TuesdayFebruary 23 – 4:30 – 6:00 PM at BOB 736. RSVP here.

“The Future of the Global Economy.” A conversation featuring Dr. Paul Achleitner, 
Chairman of the Supervisory Board of Deutsche Bank AG.  Wednesday,  March 2nd – 6:00-7:00 PM at Kenney Auditorium. RSVP here.

UPCOMING OFF CAMPUS EVENTS 

Feb. 23, 12pm: “Financial Services, Consumer Protection, and Mobility: The Next Five Years” The Center for American Progress hosts a conversation with leading experts on recent developments in the consumer financial marketplace, the financial challenges communities continue to face, and the steps regulators and policymakers should take over the next five years to ensure better outcomes for consumers. For more information, click here.

Feb. 24, 10am: Hearing entitled “The Impact of the Dodd-Frank Act and Basel III on the Fixed Income Market and Securitizations” House Financial Services Committee, Capital Markets and Government Sponsored Enterprises. For more information, click here.

Feb. 29, 8:30am: “The Global Potential And Limitations Of Impact Bonds” Brookings hosts a discussion on the scope for social and development impact bonds to address social challenges globally. Impact bonds, also known as Pay for Success contracts in the United States, have leveraged over $200 million in upfront private capital for social services worldwide over the last six years, and by 2020 the market is expected to triple. Sessions will reflect on the types of challenges for which these new financing modalities are best suited, and the factors critical for their success. Sir Ronald Cohen, chairman of the Global Social Impact Investment Steering Group, will provide keynote remarks. For more information, click here.

Mar. 10, 8:30am: “FinTech Forum: The Convergence Of Finance, Technology, And The Law” George Washington Law’s Center for Law, Economics and Finance hosts its first FinTech Forum: The Convergence of Finance, Technology, and the Law. Co-sponsored by White & Case, KPMG, the Electronic Transactions Association, and the American Banker, this daylong conference will feature industry leaders, academic experts, government regulators, and legal scholars to discuss the future of new disruptive financial technologies and what it means for the law. For more information, click here.

JOBS, INTERNSHIPS AND CAREER RESOURCES

Internships – If no contact listed, details available on SAISWorks

  • Instiglio – Summer Intern – [Deadline 3/16]
  • The Asia Group – Summer Analyst – [Deadline 3/15]
  • Acción International – Acción Ambassador Program- [Deadline 4/15]
  • U.S. Dept. of Treasury – Summer Student Volunteer – [Deadline 3/18] *Must be a U.S. Citizen to apply*
  • The Foundation for Defense of Democracies – Research Intern, Sanctions and Illicit Finance – [Deadline 3/10]
  • Global Impact Investing Network – Summer Associate – [Deadline 3/4]
  • The Brookings Institution – Research Intern – Illicit Economies and Intelligence – [Deadline 3/14]
  • The Hartford – Emerging Markets Intern – [Deadline 3/31]
  • Acción International – Gateway Fund Summer Associate – [Deadline 2/26]
  • Kekst and Company – Associate – [Deadline 4/1] 
  • CFA Institute – Intern – Society Relations, Americas – [Deadline 2/27] 

Full-time – If no contact listed, details available on SAISWorks 

  • Roubini Global Economics – Associate Economist, Global Forecasting Team – [Deadline 2/26]
  • Instiglio – Senior Associate – [Deadline 3/16]
  • Accion International – India Investment Associate, Venture Lab [Deadline 3/16]
  • IMG Rebel – Infrastructure Consultant – [Deadline 3/26]

NEWSLETTER CONTRIBUTORS

Editor: Cristina Valdez Pineda
On-Campus Events: Nikki Tan
Off-Campus Events: Anna Lund

ABOUT US

Stay up-to-date with club events on the SAIS International Finance Club website and Facebook group.

 Add Finance Club events to your Google calendar by entering saisinternationalfinance@gmail.com in the “Add a friend’s calendar” text box under “Other calendars”. Alternatively, you can view the calendar using the following addresses:

XML: https://www.google.com/calendar/feeds/saisinternationalfinance%40gmail.com/public/basic

ICAL: https://www.google.com/calendar/ical/saisinternationalfinance%40gmail.com/public/basic.ics

HTML: https://www.google.com/calendar/embed?src=saisinternationalfinance%40gmail.com&ctz=America/New_York

 Join the Linked-In group for all students and alumni!


Your SAIS International Finance Club Leadership

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