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2018 Session Summaries—Day Three
Thursday, May 24
The day began with a conversation between outgoing SEC Commissioner Michael S. Piwowar and ICI President and CEO Paul Schott Stevens, who talked about Piwowar’s five-year tenure with the agency. This was followed by a two-part discussion on technology featuring IBM Chief Technology Officer Tom Eck and Morgan Stanley Managing Director Adam Jonas. The conference concluded with NASA astronaut and retired US Navy flight surgeon Jerry Linenger recounting his experience living in space for nearly five months.
Regulatory Session: A Conversation with SEC Commissioner Michael S. Piwowar
SEC Commissioner Michael S. Piwowar responded with candor and humor to questions from ICI President and CEO Paul Schott Stevens during a lively session focused on regulatory actions and plans. Piwowar, due to leave his post on July 7 after a tenure that spanned from the Obama presidency to the Trump era, extolled the need for consistency in approaching regulations. Stevens and Piwowar also spoke about the SEC’s approach to disclosure and its proposed Regulation Best Interest, which Piwowar noted is meant to enhance the suitability standard for those giving retail investment advice.
- ICI Viewpoints: SEC Commissioner Michael Piwowar: A Commitment to Markets, Shareholders...and Facts
This two-part session first featured Tom Eck, chief technology officer of industry platforms at IBM, who was followed by Morgan Stanley Managing Director Adam Jonas. First, Eck took the stage to pierce the “magic veil” of artificial intelligence (AI), noting that several disciplines of mathematics are behind some of the biggest components of AI. Jonas followed, speaking about the intersection of technology and transportation, including the ways AI could affect transportation safety.
- ICI Viewpoints: IBM Expert Demystifies Artificial Intelligence, Touts Its Value for Asset Management
Challenges and Change: My 132 Days Off the Planet
In this session, Captain Jerry Linenger, a NASA astronaut and retired US Navy flight surgeon, recounted the nearly five months he spent living on the Russian space station Mir, where he survived repeated failures of life-support systems and a fire. Linenger noted that, just like in the mutual fund industry, astronauts are also in the “risk-control business.”
- ICI Viewpoints: How Astronaut Jerry Linenger Found Strength, Perspective During His 132 Days in Space