Mark Carey is co-president of the GARP Risk Institute (GRI), which is part of the Global Association of Risk Professionals. GRI undertakes research and engages with industry practitioners, academics, and the regulatory community. Previously, he served as associate director in the Division of International Finance at the Federal Reserve Board, where he led some of the Fed’s work on issues related to financial stability, including employee compensation practices in the financial services industry and issues related to systemic risk and the global financial crisis. Dr. Carey also was a “founding father “of Basel II. He has written many technical papers about credit risk, corporate debt, and corporate finance. Dr. Carey is co-director of the National Bureau of Economic Research’s Risks of Financial Institutions Working Group, which is a mixed group of academics and financial professionals that focuses on risk management at financial firms. He is an editor of the Journal of Financial Services Research and an associate editor of the Journal of Financial Intermediation. Dr. Carey earned an undergraduate degree in economics from Oberlin College and a PhD in economics from the University of California, Berkeley.