Full Committee Hearing

Derivatives Clearinghouses: Opportunities and Challenges

Date:   Wednesday, May 25, 2011 Time:   09:30 AM

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Topic

The witnesses will be: Dr. Benn Steil, Senior Fellow and Director of International Economics, Council on Foreign Relations; Mr. Chris Edmonds, President, ICE Trust; Mr. Terrence A. Duffy, Executive Chairman, CME Group Inc.; Dr. Chester S. Spatt, Pamela R. and Kenneth B. Dunn Professor of Finance, Tepper School of Business at Carnegie Mellon University; Mr. Cliff Lewis, Executive Vice President, State Street Global Markets; Mr. Don Thompson, Managing Director, JPMorgan Chase and Co.; and Mr. James Cawley, Co-Founder, Swaps and Derivatives Market Association. All hearings are webcasted live and Individuals with disabilities who require an auxiliary aid or service, including closed captioning service for webcast hearings, should contact the committee clerk at 202-224-7391 at least three business days in advance of the hearing date.

Witnesses

Witness Panel 1

  1. Mr. Terrence Duffy
    Executive Chairman
    CME Group Inc.
  2. Mr. Chris Edmonds
    President
    ICE Trust

Witness Panel 2

  1. Mr. James Cawley
    Co-Founder
    Swaps and Derivatives Market Association
  2. Mr. Cliff Lewis
    Executive Vice President
    State Street Global Markets
  3. Dr. Chester S. Spatt
    Pamela R. and Kenneth B. Dunn Professor of Finance
    Tepper School of Business at Carnegie Mellon University
  4. Dr. Benn Steil
    Senior Fellow and Director of International Economics
    Council on Foreign Relations
  5. Mr. Don Thompson
    Managing Director
    JPMorgan Chase and Co