Michael Milken on the Milken Institute Asia Summit

The video discusses the intersection of technology and banking, highlighting how fintech and digital companies like Alibaba are reshaping financial services. It explores the impact of digital transformation on traditional banks and the potential for new financial institutions to emerge. The discussion also covers lessons from past financial crises, emphasizing the importance of diverse financial markets. Additionally, it examines the current state of the credit market and the growth of private equity, noting the lack of covenants and the attractive returns for equity holders.

What impact does fintech have on the banking world according to the conversation?

How do consumers perceive their relationship with companies like Alibaba compared to traditional financial institutions?

What lessons can be learned from the Asian financial crisis regarding dependency on financial institutions?

In what ways has the evolution of public and private markets affected the banking system in the United States?

What factors contribute to the attractiveness of private equity in the current market?