Roundtable Testimony before House Banking Committee on Financial Contract Netting, etc. I am pleased to have the opportunity today to speak on behalf of The Financial Services Roundtable. Bank One is one of the 100 financial institutions which are members of the Roundtable.
Many Roundtable members are market makers or end-users in the derivatives market.
My background at Bank One includes participation as a trader and manager in the derivatives market when it was developing in the early 1980s. I am the Chief Market Risk Officer for Bank One responsible for independent oversight of trading and proprietary investment activities of the corporation. The Financial Services Roundtable is a national association whose membership is reserved for 100 companies selected from the nation's 150 largest integrated financial services firms. The member companies of the Roundtable engage in wide range of financial activities, including banking, securities, insurance, and other financial service activities. The Roundtable is a CEO-driven association that advocates the interests of integrated financial institutions primarily in the Congress, the federal agencies, and federal courts.