Eric Beinstein is head of corporate quantitative research at JPMorgan in New York. His responsibilities include research coverage of credit derivatives and equity derivatives. In this capacity, he is responsible for educating JPMorgan's clients about the credit default swap product and its trends, making recommendations on market positioning, and working on the product with the dealer community. Beinstein has been involved with the CDS market both in emerging markets and U.S. corporate credits since 2001 and has been ranked by Institutional Investor Magazine as the top credit derivatives research analyst for the past two years. Beinstein joined JPMorgan in 1986. He holds a BA from the Wharton School and an MBA from New York University.

Ben S. Bernanke is chairman and a member of the Board of Governors of the Federal Reserve System. He also serves as chairman of the Federal Open Market Committee. Before his appointment as chairman, Bernanke was chairman of the President's Council of Economic Advisers. Previously, Bernanke had served the Federal Reserve System in several roles: as a member of the Board of Governors of the Federal Reserve System from 2002 to 2005; as a visiting scholar at the Federal Reserve Banks of Philadelphia, Boston, and New York; and as a member of the Federal Reserve Bank of New York's academic advisory panel. He has also taught at Princeton University, Stanford University, New York University, and the Massachusetts Institute of Technology. Bernanke has published articles on a wide variety of economic issues and is the author of several books. He served as the director of the Monetary Economics Program of the National Bureau of Economic Research and as a member of the NBER's business cycle dating committee. He received a BA in economics from Harvard University and a PhD in economics from the Massachusetts Institute of Technology.

Richard Berner is a managing director and chief U.S. economist at Morgan Stanley in New York, where he directs forecasting and analysis of the U.S. economy and financial markets. Before joining Morgan Stanley in 1999, Berner was executive vice president and chief economist and a member of the senior management committee at Mellon Bank Corporation. Previously, he served as a principal and senior economist for Morgan Stanley, as a director and senior economist for Salomon Brothers, as economist for Morgan Guaranty Trust Company, and as director of the Washington, D.C., office of Wharton Econometrics. He also served as an economist for the Board of Governors of the Federal Reserve System. Berner is a member of the Economic Advisory Panel of the Federal Reserve Bank of New York, the Panel of Economic Advisers of the Congressional Budget Office, the board of directors of the National Bureau of Economic Research, and the advisory committee of the Department of Commerce's Bureau of Economic Analysis. Berner holds a BA from Harvard College and a PhD from the University of Pennsylvania.

E. Gerald Corrigan, a managing director at Goldman Sachs, joined the firm in 1994 and became a partner in 1996. He is cochair of the firmwide risk management committee, vice chair of the firmwide business practices committee, and a member of the firmwide commitments committee. He is involved in a wide range of strategic and transactional projects around the world on behalf of the firm and its clients. In 1993 Corrigan ended a twenty-five-year career with the Federal Reserve System when he stepped down from his position as president and chief executive officer of the Federal Reserve Bank of New York. He had been chief executive officer of the New York Fed and vice chairman of the Federal Open Market Committee since 1984. He has also served as president of the Federal Reserve Bank of Minneapolis and in 1979 became special assistant to Paul A. Volcker, then Federal Reserve Board chairman. Corrigan earned a BS in economics from Fairfield University and an MA and PhD in economics from Fordham University.

Timothy F. Geithner is president and chief executive officer of the Federal Reserve Bank of New York. In that capacity, he serves as the vice chairman and a permanent voting member of the Federal Open Market Committee. Previously, Geithner served as director of the policy development and review department of the International Monetary Fund, which he joined in 2001. From 1998 to 2001 Geithner served as undersecretary for international affairs at the U.S. Treasury Department, working with Secretaries Robert Rubin and Lawrence Summers. Prior to his appointment as undersecretary, he served as assistant secretary and senior deputy assistant secretary for international affairs at the Treasury. He has also held a variety of other Treasury positions, including assistant attaché at the U.S. Embassy in Tokyo and deputy assistant secretary for international monetary affairs in the international affairs division. Geithner worked for Kissinger Associates Inc. in Washington, D.C., before joining the Treasury. He has served as a senior fellow in international economics at the Council on Foreign Relations and is currently a member of that organization. Geithner holds a BA in government and Asian studies from Dartmouth College and an MA in international economics from the Paul H. Nitze School of Advanced International Studies at Johns Hopkins University.

Michael S. Gibson is assistant director and chief of the risk analysis section in the Division of Research and Statistics at the Board of Governors of the Federal Reserve System. He works on research and policy issues related to derivatives, including the measurement and management of market risk and counterparty credit risk, with a focus on banks' trading activities. Gibson has authored articles on value at risk, stress testing, and credit derivatives. Prior to joining the Federal Reserve, Gibson was on the faculty of the University of Chicago Graduate School of Business for two years. He has a PhD in economics from the Massachusetts Institute of Technology.

Thomas F. Huertas is director of the wholesale firms division and banking sector leader at the Financial Services Authority. Before joining the FSA, Huertas held a number of senior positions at Citigroup. During his tenure there, which began in 1975, he worked extensively on regulatory issues and corporate strategy in both the United States and Europe as the chief of staff for the vice chairman. Later, from 2001 to 2003, he was chief executive of Orbian, a trade finance and settlement company. More recently, he was managing director of Citigroup Global Transaction Services. He has also published and lectured extensively on financial regulation. He holds a PhD in economics from the University of Chicago.

Nigel Jenkinson is an executive director of the Bank of England, responsible for developing bank policy on financial stability issues and for managing the financial stability area. He is also a member of the Financial Stability Board, which gives high-level guidance on priority setting. From 1999 to 2003 he was the bank's deputy director of monetary analysis and statistics. Previously, he served the bank as head of the structural economic analysis division in monetary analysis and as senior manager of reserves management in the foreign exchange division. He also completed a three-year secondment in Basel working for the forerunner of the European Monetary Institution. Jenkinson joined the Bank of England in 1977. He holds a BS in mathematics, economics, and statistics from the University of Birmingham and an MS in econometrics and mathematical economics from the London School of Economics.

Edward J. Kane is the James F. Cleary Professor of Finance at Boston College. From 1972 to 1992 he was the Everett D. Reese Chair of Banking and Monetary Economics at Ohio State University. A founding member of the Shadow Financial Regulatory Committee, Kane rejoined that organization in 2005. He served for twelve years as a trustee and member of the finance committee of Teachers Insurance. Currently, he consults for the World Bank and is a senior fellow in the Federal Deposit Insurance Corporation's Center for Financial Research. Kane has served as a consultant for numerous agencies, including the Federal Home Loan Bank Board, the World Bank, various components of the Federal Reserve System, and three foreign central banks as well as the Congressional Budget Office, the Joint Economic Committee, and the Office of Technology Assessment of the U.S. Congress. He is a past president and fellow of the American Finance Association and a former Guggenheim fellow. He also served as president of the International Atlantic Economic Society and the North American Economics and Finance Association. Kane is a longtime research associate of the National Bureau of Economic Research. Besides authoring three books, he has published widely in professional journals and currently serves on eight editorial boards. He received a BS from Georgetown University and a PhD from the Massachusetts Institute of Technology.

Donald L. Kohn took office in 2002 as a member of the Board of Governors of the Federal Reserve System and in 2006 was sworn in as vice chairman. Before becoming a member of the board, he served the Federal Reserve System in many other capacities. He was an adviser to the board for monetary policy, secretary of the Federal Open Market Committee, director of the Division of Monetary Affairs, and deputy staff director for monetary and financial policy. He also held several positions in the board's Division of Research and Statistics. Kohn began his career as a financial economist at the Federal Reserve Bank of Kansas City in 1970. He is chairman of the Committee on the Global Financial System, a central bank panel that monitors and examines broad issues related to financial markets and systems, and has written extensively on issues related to monetary policy and its implementation by the Federal Reserve. Kohn holds a BA in economics from the College of Wooster and a PhD in economics from the University of Michigan.

Dennis P. Lockhart is president and chief executive officer of the Federal Reserve Bank of Atlanta. In this role, he is responsible for all the bank's activities, including monetary policy, bank supervision and regulation, and payment services. He also chairs the bank's management committee. Prior to joining the Atlanta Fed in March of this year, Lockhart served on the faculty of Georgetown University's Walsh School of Foreign Service, teaching in the master's program and chairing the program's concentrations in international business–government relations and global commerce and finance. He was also an adjunct professor at Johns Hopkins University's Nitze School of Advanced International Studies. Prior to his academic career, Lockhart was managing partner at the private equity firm Zephyr Management L.P. He also worked at Heller Financial, where he served as executive vice president and director of the parent company and as president of Heller International Group. Previously, Lockhart held various positions, both domestic and international, with Citicorp/Citibank. In addition to his professional activities, Lockhart was a member of the boards of directors of several companies and was chairman of the Small Enterprise Assistance Funds, a not-for-profit operator of emerging markets venture capital funds. He holds a BA in political science and economics from Stanford University and an MA in international economics and American foreign policy from the Johns Hopkins University School of Advanced International Studies.

John G. Macfarlane III is the chief operating officer of Tudor Investment Corporation in Greenwich, Connecticut, and cochairman of the firm's management committee. Prior to joining Tudor in 1998, he worked at Salomon Brothers for eighteen years, serving as treasurer and as managing director of several of the firm's fixed-income trading businesses. Macfarlane was also chairman of the Public Securities Association Funding Committee and on the board of directors of the Government Securities Clearing Corporation, where he served as chairman from 1994 to 1996. Macfarlane is president of the University of Virginia's Darden School Foundation and a member of the board of the university's Investment Management Company. He is a member of the board of trustees of the Nantucket Conservation Foundation and a former member of the board of trustees of the Brunswick School. Macfarlane earned a BA in Classical Studies from Hampden-Sydney College and an MBA from the Darden School at the University of Virginia. In 1989, he received Darden's Rosenthal Fellowship for innovation in the field of finance.

David Mengle is head of research at the International Swaps and Derivatives Association Inc. in New York, with responsibility for ISDA's education, survey, and risk-management and regulatory research activities. In addition, he teaches courses in economics and risk management at the Fordham University Graduate School of Business. Prior to joining ISDA in 2001, Mengle worked in the derivatives strategies group at JPMorgan and was active in ISDA educational and policy initiatives. Before that, he was a research economist at the Federal Reserve Bank of Richmond. He holds an AB from The Citadel. Following military service, he earned a PhD in economics from the University of California. While completing his doctoral work, Mengle taught economics at Occidental College in Los Angeles and served on the Los Angeles City Council staff.

Cathy E. Minehan is president and chief executive officer of the Federal Reserve Bank of Boston and currently serves on the steering committee of the Conference of Presidents of the Federal Reserve Banks. She is an expert in payment systems and serves on the Payment System Policy Advisory Committee, which considers issues related to systemic risk in national and international payment systems. Minehan also focuses her energies on areas of structural economic development within New England and is a member of the board of directors of the Boston Private Industry Council. Minehan serves on the boards of many civic, professional, and educational organizations, including the United Way of Massachusetts Bay, Massachusetts General Hospital, the Massachusetts Business Roundtable, Jobs for Massachusetts, the New England Council, the Boston Economic Club, the University of Rochester, and the Carroll School of Management at Boston College. In addition, she is vice chairperson of the National Council on Economic Education. Minehan began her career with the Federal Reserve in New York following her graduation from the University of Rochester. She holds an MBA from New York University.

Frederic S. Mishkin is a member of the Federal Reserve Board of Governors. Prior to taking office in 2006, Mishkin served on the faculty of the Graduate School of Business of Columbia University, where he was the Alfred Lerner Professor of Banking and Financial Institutions and the A. Barton Hepburn Professor of Economics. He was also a research associate at the National Bureau of Economic Research and a senior fellow at the Federal Deposit Insurance Corporation's Center for Banking Research. Mishkin previously served the Federal Reserve System in several other capacities, including executive vice president and director of research at the Federal Reserve Bank of New York and an associate economist of the Federal Open Market Committee. He was the editor of the New York Fed's Economic Policy Review and later served on the editorial board. The author of more than fifteen books, Mishkin has published extensively in professional journals and has served on the editorial boards of numerous journals. He has been a consultant to the World Bank, the Inter-American Development Bank, the International Monetary Fund, and many central banks. He received a BS and PhD, both in economics, from the Massachusetts Institute of Technology.

David K.A. Mordecai is the founder and president of Risk Economics Limited Inc. in New York, a financial advisory boutique specializing in the development and implementation of structured credit arbitrage, financial engineering, and asset-liability management solutions. Previously, he was managing director of structured products at Clinton Group. Mordecai served as vice president of financial engineering/principal finance at AIG and as a director at Fitch before joining Clinton Group. During his previous capital markets career, he specialized in credit analysis and the origination, structuring, and trading of leveraged loans for nonrecourse project finance and highly leveraged transactions involving corporations and financial institutions. The founding editor-in-chief of the Journal of Risk Finance, Mordecai remains a senior member of the journal's advisory board and also sits on the advisory board of the Journal of Alternative Investments. Mordecai holds an MBA in finance from New York University's Stern School of Business and a PhD in financial economics from the University of Chicago Graduate School of Business.

Charles I. Plosser is president of the Federal Reserve Bank of Philadelphia. Before joining the bank in 2006, he was the John M. Olin Distinguished Professor of Economics and Public Policy and director of the Bradley Policy Research Center at the University of Rochester's William E. Simon Graduate School of Business Administration. He was also a senior research associate at the Rochester Center for Economic Research in the university's College of Arts and Science and a research associate at the National Bureau of Economic Research. Previously, Plosser was an assistant professor of business economics at the Stanford University Graduate School of Business and a lecturer in economics and econometrics at the University of Chicago Graduate School of Business. He recently served as a visiting scholar at the Bank of England and the Federal Reserve Bank of Minneapolis. Plosser also cochaired the Shadow Open Market Committee. His articles have appeared in numerous economic journals. He was coeditor of the Journal of Monetary Economics for more than two decades and continues to cochair the advisory board of the Carnegie-Rochester Conference Series on Public Policy. He holds an MBA and PhD from the University of Chicago.

Peter Praet has been an executive director at the National Bank of Belgium since 2000 and is responsible for international cooperation and financial stability. In 2002 he was also appointed an executive director of the CBFA (the Belgian Banking, Finance, and Insurance Commission). Praet is a member of several international committees, including the Basel Committee on Banking Supervision, the Committee on Payment and Settlement Systems, the Committee on the Global Financial System, the Committee of European Banking Supervisors, and the Banking Supervision Committee of the European Central Bank. He is also cochair of the research task force of the Basel Committee on Banking Supervision. Prior to joining the Belgian central bank, Praet held positions as an economist at the International Monetary Fund, as a professor of economics at the Université Libre de Bruxelles, as chief economist at General Bank, and as chief of staff for the Minister of Finance. He is a member of the board of two European think tanks: European Policy Center and Bruegel (Brussels European Global Economic Laboratory). He received bachelor's and master's degrees and a PhD in economics from the Université Libre de Bruxelles.

Anthony M. Santomero is a senior adviser in McKinsey & Company's New York office. Prior to joining McKinsey, Santomero was president of the Federal Reserve Bank of Philadelphia from 2000 to 2006 and had also served the Federal Reserve System in several other roles. Before joining the Federal Reserve System, he was the Richard K. Mellon Professor of Finance at the University of Pennsylvania's Wharton School. Santomero has served as a consultant to major financial institutions and regulatory agencies throughout the world. In the private sector, his experience includes establishing the first best practice survey on risk-management implementation for global financial institutions and developing a capital allocation system that is Basel II–compliant and satisfies the business needs of a major U.S. financial institution. In the international regulatory and policy arena, he has served as an adviser to the central banks of Sweden, Israel, Saudi Arabia, Japan, and New Zealand. Santomero is the author of more than one hundred articles, books, and monographs on financial sector regulation and economic performance. He received an AB in economics from Fordham University and a PhD in economics from Brown University.

Timothy M. Weithers is a member of the faculty of the University of Chicago's master's program on financial mathematics (finance, portfolio theory, and foreign exchange); he joined the program at its inception in 1996. He has spent the majority of his professional career (at O'Connor and Associates, a proprietary derivatives trading firm; Swiss Bank Corporation; and UBS) in financial markets education, delivering product courses and seminars to internal employees and external clients. He left UBS at the end of 2006 as a managing director. Weithers also taught for several years at Fordham University at the undergraduate and graduate levels. He has written both academic and practitioner articles on derivatives; his most recent publication is Foreign Exchange: A Practical Guide to the FX Markets. He received his BA in economics from the College of the Holy Cross and his PhD in mathematical economics from the University of Chicago.