We examine the evolution of credit risk co-dependence in the banking sectors of over 65 countries. We find that there has been a significant increase in default risk co-dependence over the 3-year period leading up to the financial crisis. We also find that countries that are more integrated with...

Remarks at the New York Bankers Association Financial Services Forum, New York City.

Remarks at the New York Bankers Association Financial Services Forum, New York City.

Remarks at the Global Association of Risk Professionals 12th Annual Risk Management Convention, New York City.

Remarks at the Partnership for New York City Discussion, New York City.

Testimony before the Committee on Government Oversight and Reform, U.S. House of Representatives.

Remarks at the Clearing House's Second Annual Business Meeting and Conference, New York City.

Joint written testimony before the Congressional Oversight Panel, Washington, D.C.

Remarks at the 2013 OTC Derivatives Conference, Paris, France.