This September, Charlottesville will become ground zero for global financial leaders. The Miller Center of Public Affairs at UVA announced today that it will host The New Financial Architecture: A Global Summit on September 7-9.

Former Treasury Secretary John Snow, now the Chairman of Cerberus Capital, will participate with more than 12 former financial ministers from Europe, Asia, Africa, South America and the Middle East. For three days, these financial leaders, who represent three quarters of worldwide economic activity, will tackle the issues involved with Sovereign Wealth Funds, global financial stability, changes in the world economic power and influence, the credit crunch and the future of the new financial architecture.


Both Snow and Miller Center Director and former governor Gerald Baliles said that these financial leaders will come unfettered by official government positions and therefore will be able to address these issues in a more open and honest way.

The summit will be covered by CNBC and is scheduled a month prior to the fall meetings of the World Bank and International Monetary Fund. At its conclusion, summit participants will issue a joint statement that assesses global economic challenges and offers ways to address them. The Center is billing the delegate's recommendations as "a blue print for global and economic management in the 21st century."