Nov. 15: Finance expert speaks on interest rate reform

By Sue McMurray, College of Business

Darrell-Duffie-80PULLMAN, Wash. – The author of “How Big Banks Fail” will discuss interest rate reform during the free, public Gary P. Brinson Distinguished Lecture on finance 3-4:15 p.m. Friday, Nov. 15, in Todd 230 at Washington State University.

Sponsored by the College of Business, the annual lecture series brings in a leading expert in the finance and economics industry to network with students and present a stimulating, insightful public lecture.

Darrell Duffie, Dean Witter Distinguished Professor of Finance at Stanford University’s Graduate School of Business, will present “Reforming Global Interest Rate Benchmarks.” He will share insights from his experience working with the Financial Stability Board.

He is a member or fellow of multiple financial institutions, including the National Bureau of Economic Research, the Federal Reserve Bank of New York and the Council of the Econometric Society.

He was the 2009 president of the American Finance Association and chairs the Market Participants Group, which is charged by the Financial Stability Board with recommending reforms to Libor, Euribor and other interest rate benchmarks.

His recent books include “How Big Banks Fail,” “Measuring Corporate Default Risk” and “Dark Markets.”

“The Brinson lecture series provides WSU students and faculty with the opportunity to interact and question leaders who have transformed the field of finance,” said Gene Lai, business professor of finance and management science. “This series allows students to enhance their education and gain knowledge from some of the best minds in the world.”



Gene Lai, WSU College of Business, 509-335-7197,

Sue McMurray, WSU College of Business, 509-335-7578,