Ocupation: Economist
Life: b. March 6, 1926
Birthday: March 6
The use of a growing array of derivatives and the related application of more-sophisticated approaches to measuring and managing risk are key factors underpinning the greater resilience of our largest financial institutions... Derivatives have permitted the unbundling of financial risks.
source: Alan Greenspan's address to the Federal Reserve Bank of Chicago's Forty-first Annual Conference on Bank Structure in Chicago, Illinois, www.federalreserve.gov. May 5, 2005.
topic: Keys, Risk, Resilience, Financial Risk