-154-
He holds a bachelor’s degree in economics from Princeton
University and an M.B.A. and a Ph.D. in economics from
Northwestern University. He is employed as a vice president with
an economics consulting firm, where a significant part of his
consulting work on risk management has focused on the calculation
of discount rates that measure the risk of particular assets and
the valuation of assets. He has worked as an expert for the
FRB’s Board of Governors and the International Trade Commission.
He has published articles on hedging and liquidity in
publications such as Derivatives Quarterly and Risk Magazine.
Carney was qualified by the Court as an expert in the manner
in which the OCC regulates national bank activities, including
financial derivatives, and the particular manner in which the OCC
regulates financial derivatives. He worked for many years in the
OCC and was trained and worked as a lead national bank examiner
for the OCC (this involved a 4- to 5-year on-the-job training
process and testing before he could be an examiner-in-charge of
OCC bank audits as a commissioned national bank examiner). He
has served as the Chief of the OCC investment securities
division, worked on the task force that drafted a banking
circular, drafted sections of the OCC’s handbook on bank
securities dealers activities, and been responsible for OCC
policy development relating to national banks’ financial
derivatives activities.
Page: Previous 144 145 146 147 148 149 150 151 152 153 154 155 156 157 158 159 160 161 162 163 NextLast modified: May 25, 2011