David K.A. Mordecai participated in the Federal Reserve Bank of Atlanta’s Annual Financial Markets Conference, entitled Credit Derivatives: Where’s the Risk? The event was held on May 14-16, 2007 in Sea Island, GA. Samantha Kappagoda also attended the conference.
David Mordecai was a discussant for the paper Credit Derivatives and Risk Management by Michael S. Gibson, of the Division of Research and Statistics, of the Federal Reserve System Board of Governors. The session was moderated by Frederic S. Mishkin, Member, Board of Governors of the Federal Reserve System, and the other discussant was John G. Macfarlane III, Chief Operating Officer, Tudor Investment Corporation.
This invitation-only conference discussed how the market for credit derivatives continues to expand and evolve, the many questions arise regarding the impact of these instruments on global financial markets such as how do credit derivatives affect the allocation and transmission of risk across the broader financial market?
This annual conference brought together academics, practitioners, regulators, and policymakers to analyze and assess the various types of risks — model, operational, and systemic — that may be involved in credit derivatives. This unique format integrated the perspectives of banks, hedge funds and other market participants, corporations, and supervisors of financial institutions and markets with the broader financial stability concerns of central banks and government agencies.
