Business Commons^™

Recipe For Success 成功秘方, Tama Miyake Lung

AMBROSIA 客道 : The Magazine of The International Culinary Institute

Continuing professional development not only can advance an individual’s career but also support a culture of innovation and excellence in an industry and community as a whole.

持續專業進修不僅有助發展個人事業，還能積極推動整個行業以至社會的創新發展。

Good Spirits 蒸蒸日上, Tama Miyake Lung

AMBROSIA 客道 : The Magazine of The International Culinary Institute

Riding a wave of premiumisation and celebrity cachet, tequila and other agave-based drinks are enjoying their moment in the sun.

在品質和形象 的提升及名人效應的帶動下，龍舌蘭酒與其他龍舌蘭蒸餾酒終於闖出一片天。

London Calling 倫敦的呼喚, Melissa Twigg

AMBROSIA 客道 : The Magazine of The International Culinary Institute

The British metropolis has not traditionally been known for its culinary offerings. But an ethnically diverse population paired with a range of social movements and a new generation of exceptional chefs is bringing about a stunning transformation.

在多種族的人口結構、一系列的 社會運動和人才輩出的新生代廚師等因素推動下，曾經被視為歐洲美食沙漠的英國大都會正在迅速蛻變。

Spice Of Life 印度色香味, Kate Springer

AMBROSIA 客道 : The Magazine of The International Culinary Institute

From unexpected presentations to fine-dining riffs, Indian chefs around the world are bringing a fresh perspective to their cuisine and challenging stereotypes along the way.

世界各地的印度廚師紛紛為祖國美食注入新意，由讓人驚艷的賣相到精緻的餐飲體驗都花盡心思，期望能 打破世人對印度菜的刻板印象。

Boiling Point 火候到了, Tama Miyake Lung

AMBROSIA 客道 : The Magazine of The International Culinary Institute

From cooking for his family in Malaysia to winning various global culinary competitions and serving as private chef for a Hong Kong billionaire, Edward Voon has had quite the eclectic journey. But with the long-awaited opening of his first restaurant, life is just starting to heat up.

由一個來自馬來西亞的家中大廚，到贏得多個國際廚藝比賽，並在香港擔任億萬富豪的私人廚師，溫有成的廚師之路兼容並蓄，為他鋪出一條康莊大道，通向他期待已久的首間自家餐廳。

World Cup 啡色人生, Tama Miyake Lung

AMBROSIA 客道 : The Magazine of The International Culinary Institute

With mythical origins leading to modern-day “waves”, coffee is a multibillion-dollar global industry that continues to adapt and evolve with each generation.

由起源神秘到發展成今天席捲全球的「浪潮」，咖啡經歷了一次又一次的改良和演變，創造出現時全球價值高達數以億元計的產業。

Lexicon 專業詞彙

AMBROSIA 客道 : The Magazine of The International Culinary Institute

Taste test

品味佳釀

Developing a vocabulary for describing wine is an integral part of earning ICI’s Higher Diploma in Wine and Beverage Business Management

國際廚藝學院的葡萄酒及飲品商業管理高級文憑課程的畢業生都必須掌握一套形容葡萄酒的詞彙

Features

AMBROSIA 客道 : The Magazine of The International Culinary Institute

No abstract provided.

Where In The World 放眼世界

AMBROSIA 客道 : The Magazine of The International Culinary Institute

Small wonders

小小奇蹟

Depending where you find them, dumplings are either a favourite snack, a must-try street food or a beloved national dish. No matter the style or stuffing, they are the ultimate comfort food.

餃子可以是備受歡迎的小食，也可以是不可不吃的街頭美食，或是深受喜愛的國菜，但不管是以哪種形式出現或用了哪些餡料， 餃子都是讓人吃了感到窩心的食物

Tool Of The Trade 創意廚具

AMBROSIA 客道 : The Magazine of The International Culinary Institute

Out of Africa

非洲來客

A staple of markets and kitchens across Morocco, the tagine is the perfect blend of form and function

摩洛哥市集和廚房必備的塔吉鍋，內外兼備，好看也好用

Gastropedia 美食百科

AMBROSIA 客道 : The Magazine of The International Culinary Institute

In the weeds

深入藻源

Fresh, dried or used as a flavour enhancer, seaweed is a true superfood - in more ways than one

海藻不管是新鮮的時候還是製乾之後均可入饌或當零食，甚至可為食品提鮮，堪稱超級食物

Bookshelf 新書上架

AMBROSIA 客道 : The Magazine of The International Culinary Institute

Reading room

閱讀室

A world of taste, culture and masterful techniques awaits in these new releases

翻開下列新書，探索世界各地的美食、文化和廚藝技巧

Contributors 作者簡介

AMBROSIA 客道 : The Magazine of The International Culinary Institute

No abstract provided.

Test Kitchen

AMBROSIA 客道 : The Magazine of The International Culinary Institute

No abstract provided.

Welcome Message 歡迎您！, Ici Editorial Team

AMBROSIA 客道 : The Magazine of The International Culinary Institute

World of Experience 多元經驗 邁向國際

Contents 目錄

AMBROSIA 客道 : The Magazine of The International Culinary Institute

No abstract provided.

Cover

AMBROSIA 客道 : The Magazine of The International Culinary Institute

No abstract provided.

Ambrosia Autumn 2022 Full Issue

AMBROSIA 客道 : The Magazine of The International Culinary Institute

No abstract provided.

Lessons Learned: Christopher Spoth, Sandra Ward

Journal of Financial Crises

As senior deputy director of the Division of Supervision and Consumer Protection at the Federal Deposit Insurance Corporation (FDIC), Spoth led examinations, enforcement actions, problem bank remediations, and failure resolutions, among a range of responsibilities. During the Global Financial Crisis, he was on the front lines of fast-moving policy discussions and actions to help stabilize the financial system, and he oversaw the closure and restructuring of some of the nation’s largest banks. This abstract is based on an interview with Spoth on February 4, 2021.

Lessons Learned: Kevin Warsh, Matthew A. Lieber

Journal of Financial Crises

As senior deputy director of the Division of Supervision and Consumer Protection at the Federal Deposit Insurance Corporation (FDIC), Spoth led examinations, enforcement actions, problem bank remediations, and failure resolutions, among a range of responsibilities. During the Global Financial Crisis, he was on the front lines of fast-moving policy discussions and actions to help stabilize the financial system, and he oversaw the closure and restructuring of some of the nation’s largest banks. This abstract is based on an interview with Spoth on February 4, 2021.

Lessons Learned: Brian Sack, Sandra Ward

Journal of Financial Crises

Charged with overseeing the implementation of the asset-purchase programs and liquidity facilities in his roles as executive vice president of the Markets Group and manager of the System Open Market Account at the Federal Reserve Bank of New York (FRBNY), Brian Sack played a critical role in keeping markets functioning during the years 2009–2012. He served as an adviser to top policymakers, and, in addition to implementing the various programs designed to stabilize financial conditions, he monitored their impact and measured their performance. This Lessons Learned summary is based on an interview with Sack on November 13, 2020.

Lessons Learned: Nathan Sheets, Yasemin Sim Esmen, Rosalind Z. Wiggins

Journal of Financial Crises

Between 2007 and 2011, Nathan Sheets was director of the Division of International Finance at the Board of Governors of the Federal Reserve System. He oversaw the operations of the division and advised the Federal Open Market Committee (FOMC) on economic and financial developments in foreign countries. Sheets also regularly represented the Federal Reserve Board at international meetings and in its contacts with foreign central banks. Under his helm, the division was involved in helping establish and manage the US dollar liquidity swap lines with foreign central banks. This Lessons Learned abstract is based on an interview with Sheets on …

Lessons Learned: Susan Mclaughlin, Matthew A. Lieber

Journal of Financial Crises

A veteran staff member of the Federal Reserve Bank of New York (FRBNY), Susan McLaughlin served as head of the discount window and chief operating officer of the FRBNY’s Markets Trading Desk during the Global Financial Crisis. She was centrally involved in the Fed’s policy response to the disruptions to secured and unsecured funding markets during 2007–2008. Following the crisis, McLaughlin coordinated an effective Fed initiative to reform the triparty repurchase agreement (repo) market’s settlement infrastructure. The Fed’s reform efforts, engaging the financial industry under FRBNY president Bill Dudley, were instrumental in im-proving the stability of the funding market. This …

Lessons Learned: Frederic Mishkin, Matthew A. Lieber

Journal of Financial Crises

Rick Mishkin served as a member of the Board of Governors of the Federal Reserve System from 2006 to 2008 and as director of research at the Federal Reserve Bank of New York from 1994 to 1997. A leading expert on monetary economics and financial markets and a professor at Columbia University’s School of Business since 1983, Mishkin has written 20 books, including the textbook The Economics of Money, Banking, and Financial Markets. This Lessons Learned is based on an interview with Mishkin conducted on October 20, 2020.

Lessons Learned: Simon Potter, Maryann Haggerty

Journal of Financial Crises

Simon Potter, an economist, worked at the Federal Reserve Bank of New York for more than two decades. Leading up to the Global Financial Crisis, he was the New York Fed’s associate director of economic research; in 2010, he became director. In 2012, he shifted to become the head of the markets group, putting him at the helm of the Fed’s open markets operations, the mechanism by which the central bank steers monetary policy and interest rates. He moved to the private sector in 2019. For this April 2021 Lessons Learned interview, he emphasized that these are his personal opinions, …

Lessons Learned: Kieran J. Fallon, Matthew A. Lieber

Journal of Financial Crises

Presently the senior deputy general counsel for regulation and government affairs at PNC Fi-nancial Services Group, Kieran Fallon completed a 16-year tenure in the legal division of the Board of Governors of the Federal Reserve System in 2011. As associate general counsel dur-ing the Global Financial Crisis (GFC), he helped design the Federal Reserve’s Commercial Pa-per Funding Facility, restructure American International Group (AIG), and implement the Dodd-Frank Act. Relatedly, Fallon also served as general counsel for the Financial Stability Oversight Board from 2008 to 2011. This Lessons Learned is based on an interview conducted with Fallon on August 13, 2020.

Lessons Learned: Steven B. Kamin, Yasemin Sim Esmen

Journal of Financial Crises

Steven B. Kamin was the deputy director of the division of international finance at the Federal Reserve Board during the Global Financial Crisis (GFC) and was appointed director in 2011. He was responsible for research, policy analysis, and reporting in the areas of foreign economic activity, US external trade and capital flows, and developments in international financial markets and institutions. This Lessons Learned is based on an interview conducted with Kamin on August 16, 2019.

Lessons Learned: Seth Carpenter, Maryann Haggerty

Journal of Financial Crises

Seth Carpenter was a senior staff member of the Division of Monetary Affairs at the Federal Reserve Board during the 2007–09 Global Financial Crisis (GFC), meaning he was part of the team that advised the Board of Governors and members of the Federal Open Market Committee (FOMC) in setting monetary policy. He led the Board team that worked daily with the Open Market Trading Desk at the Federal Reserve Bank of New York to implement policy. He left the Federal Reserve System as deputy director of monetary affairs in 2014 to work at the US Department of the Treasury, where …

Lessons Learned: Tim Clark, Lynnley Browning

Journal of Financial Crises

During the Global Financial Crisis of 2007–09, Tim Clark was senior adviser in the Division of Banking Supervision and Regulation at the Board of Governors of the Federal Reserve System. Clark was a chief architect of the Federal Reserve’s capital and liquidity stress tests that helped to stabilize the banks. He was also one of the leaders behind the implementation of the Dodd-Frank Act and other reforms at the Federal Reserve, and ultimately served as deputy director of the Division for Supervision and Regulation. This abstract is based on an interview with Clark that occurred on December 13, 2019.

The Internal Capital Markets Of Global Dealer Banks, Arun Gupta

Journal of Financial Crises

This study uncovers the existence of a trillion-dollar internal capital market that played a central role in the financing of dealer banks during the 2007–09 Global Financial Crisis. Hand-collecting a novel set of dealer microdata at the subsidiary level, I present a unique set of facts on the evolution of inter-affiliate loans between US primary dealers and their (primarily foreign) siblings. First, the aggregate size of these dealer internal capital markets quadrupled from $335 billion in 2001 to $1.2 trillion by 2007. Second, 25 percent of total repurchase agreements and 62 percent of total securities lending reported on US primary …