Bank One Corporation - Page 70

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          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.                                                     






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Last modified: May 25, 2011