LOS ANGELES & BEIJING--(BUSINESS WIRE)--Mr. Ron Nechemia, the Chairman of the Board of Directors and Founder of EurOrient Financial Group, ( EurOrient ) the world’s first private-sector global financial development institution, which is accredited by the United Nations General Assembly on Financing for Development, is the cover story feature of International Finance Magazine (IFM). IFM is China’s only financial publication supervised by the China Council for the Promotion of International Trade.

The introduction of Asset Securitization, and its evolution over two decades, has had a profound impact on consumers and financial institutions as an innovative product and no doubt, it will continue to remain so. In the light of recent events it is clear that more and better regulatory approaches must be instituted in order to ensure that the original model and some of its innovative iterations reconstitute to the original power and value they provided.

In May 2008, Mr. Nechemia was interviewed by International Finance Magazine regarding his outlook for the global economy and the world’s financial systems. During this interview, he announced that he saw a systemic financial crisis brewing and warned that in the months to come the United States was likely to face a once-in-a-lifetime financial crisis, an oil shock, sharply declining consumer confidence and, ultimately, a deep recession.