Deposit Insurance
George Pennacchi is a Professor of Finance at the University of Illinois at Urbana-Champaign. Since earning his Ph.D. in economics from MIT, he has served on the faculties of the University of Pennsylvania's Wharton School and Bocconi University. He is currently editor of the Journal of Financial Intermediation, and associate editor for six other academic journals. Mr. Pennacchi's research interests include financial institutions, derivative securities, and bond markets.
Credit and Market Risk Measurement
Robert Jarrow is a Professor of Finance and Economics at Cornell University and holds the Ronald P. and Susan E. Lynch chair in Investment Management. He holds a Ph.D. in Finance from MIT and an MBA from the Tuck School. Mr. Jarrow presently serves as the managing editor of Mathematical Finance, a coeditor of The Journal of Derivatives, and an associate editor for numerous other finance journals. His current research interests relate to the pricing of credit derivatives, liquidity risk, and exotic options.
Bank Performance and the Economy
Anthony Saunders is the John M. Schiff Professor of Finance and Chair of the Department of Finance at the Stern School of Business at New York University. Professor Saunders received his Ph.D. from the London School of Economics and has taught both undergraduate and graduate level courses at NYU since 1978. Throughout his academic career, his teaching and research have specialized in financial institutions and international banking. He has served as a visiting professor all over the world, including INSEAD, the Stockholm School of Economics, and the University of Melbourne.
Professor Saunders holds positions on the Board of Academic Consultants of the Federal Reserve Board of Governors as well as the Council of Research Advisors for the Federal National Mortgage Association. In addition, Dr. Saunders has acted as a visiting scholar at the
Comptroller of the Currency and at the International Monetary Fund. He is an editor of the
Journal of Banking and Finance and the Journal of Financial Markets, Instruments and Institutions, as well as an associate editor of eight other journals, including
Financial Management and the Journal of Money, Credit and Banking. His research has been published in all of the major finance and banking journals and in several books. He has just published a new edition of his textbook,
Financial Institutions Management: Risk Management Perspective for McGraw-Hill (4th edition) as well as a 2nd edition of his book on Credit Risk Measurement for John Wiley & Sons (with Linda Allen).
Consumer Finance and Credit Issues
Peter Tufano is the Sylvan C. Coleman Professor of Financial Management at the Harvard Business School and a Senior Associate Dean at the School. He earned a Ph.D. in Business Economics from Harvard University and an MBA from Harvard Business School. Mr. Tufano is presently involved in editing five journals, and serves as a Trustee and Member of Executive Board of GARP - the Global Association for Risk Professionals. His primary research focuses on financial innovation and the use of financial engineering techniques by corporations; he has also studied the mutual fund industry and the delivery of financial services to low-income families.
Corporate Finance and Risk Management
Mitchell Petersen is currently the Glen E. Vasel Associate Professor of Finance at the Kellogg School of Management, Northwestern University. He received his PhD from MIT in 1990 and joined the Northwestern faculty in 1994, following four years teaching at the University of Chicago. Petersen's research focuses on empirical corporate finance: the questions of how firms evaluate potential investment projects and how they fund such projects. His work has focused on the funding of small firms and how such funding has been altered by information technology and changes in financial markets. His paper "The Benefits of Lending Relationships: Evidence from Small Business Data" received the Smith Breeden Prize for outstanding paper in the Journal of Finance in 1995 and his paper "Trade Credit: Theories and Evidence" received the Michael Brennan Award for Best Paper in the Review of Financial Studies in 1998. These are two of the leading journals in finance.
Petersen's teaching and consulting have focused on issues of valuation of investment projects (using both DCF and real options approaches), the funding of investment projects, and the management of risk by non-financial firms. He received the Sidney J. Levy Teaching award for excellence in teaching in 1996, 1999, 2001, and 2003 and the Professor of the Year award in 2000. Petersen is a member of the American Finance Association and formerly the editor of the Journal of Financial Intermediation.
Policy and Regulation
Robert (Bob) DeYoung is the Capitol Federal Professor in Financial Institutions and Markets in the School of Business at the University of Kansas. In addition to his teaching and research duties at KU, Bob is a visiting scholar at the Federal Reserve Bank of Kansas City, a research program coordinator at the FDIC’s Center for Financial Research, and a co-editor of the Journal of Financial Services Research. Bob’s research focuses on the evolution of domestic and international financial markets and the performance of the firms that operate in those markets, and his writings on these issues have appeared in numerous academic, industry, and regulatory publications. Prior to joining KU, Bob was an associate director of research at the FDIC (2005-2007); an economic advisor at the Federal Reserve Bank of Chicago (1998-2005); an adjunct member of the Finance Department at DePaul University (2000-2003); a senior financial economist at the Office of the Comptroller of the Currency (1992-1998); and a Joyce Foundation Teaching Fellow at Beloit College (1988-1992). He earned a B.A. from Rutgers University-Camden in 1983 and a Ph.D. in economics from the University of Wisconsin-Madison in 1989.
