Full Committee Hearing

Reducing Risks and Improving Oversight in the OTC Credit Derivatives Market

Date:   Wednesday, July 9, 2008 Time:   02:00 PM

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Topic

The witnesses on Panel I will be Mr. Patrick M. Parkinson, Deputy Director, Division of Research and Statistics, Board of Governors of the Federal Reserve System; Mr. James Overdahl, Chief Economist and Director, Office of Economic Analysis, U.S. Securities and Exchange Commission; and Ms. Kathryn E. Dick, Deputy Comptroller for Credit and Market Risk, Office of the Comptroller of the Currency (OCC). The witnesses on Panel II will be Dr. Darrell Duffie, Dean Witter Distinguished Professor of Finance, Stanford University, Graduate School of Business; Mr. Craig Donohue, Chief Executive Officer, Chicago Mercantile Exchange Group; Mr. Edward J. Rosen, Cleary Gottlieb Steen & Hamilton LLP, Outside Counsel to The Clearing Corporation; and Mr. Robert Pickel, Executive Director and CEO, International Swaps and Derivatives Association (ISDA).

Witnesses

Witness Panel 1

  1. Ms. Kathryn E. Dick
    Deputy Comptroller for Credit and Market Risk
    Office of the Comptroller of the Currency
  2. Mr. Craig Donohue
    Chief Executive Officer
    Chicago Mercantile Exchange Group
  3. Dr. Darrell Duffie
    Dean Witter Distinguished Professor of Finance
    Stanford University, Graduate School of Business
  4. Mr. James Overdahl
    Senior Economist
    U.S. Securities and Exchange Commission
  5. Mr. Patrick Parkinson
    Deputy Director, Division of Research and Statistics
    Board of Governors of the Federal Reserve System
  6. Mr. Robert G. Pickel
    Executive Director and Chief Executive Officer
    International Swaps and Derivatives Association, Inc.
  7. Mr. Edward J. Rosen
    Cleary Gottlieb Steen & Hamilton LLP
    Outside Counsel to The Clearing Corporation