RT and SPIEF have jointly held a panel discussion titled ‘THE NEW DEVELOPMENT BANK: A STRONGER ROLE FOR BRICS IN THE GLOBAL FINANCIAL ARCHITECTURE’.br br The BRICS economies have established a USD 100 billion development bank to be based in Shanghai. What does this new institution mean for global economic management? What are some of the key areas of focus over the medium term?br RT presenter Peter Lavelle was joined by a set of very distinguished guests - representatives of banks, ministries, think tanks: Pedro Alba, Amar Bhattacharya, Vladimir Dmitriev, Kundapur Vaman Kamath, Philippe Le Houerou, Sergey Storchak, and Shaolin Yang. Front-row guests: Ben Aris, Yaroslav Lissovolik, and Jim Rogers.br br Watch the full version of the panel discussion here: br RT LIVE br Subscribe to RT! br Like us on Facebook Follow us on Twitter Follow us on Instagram Follow us on Google+ Listen to us on Soundcloud: br RT (Russia Today) is a global news network broadcasting from Moscow and Washington studios. RT is the first news channel to break the 1 billion YouTube views benchmark.