STILLWATER, Okla. - The Department of Finance and OSU’s Student Chapter of the Financial Management Association recently hosted Rick Bookstaber, a leading expert in risk management and derivative securities.

Bookstaber earned his Ph.D. in economics from MIT and has worked on Wall Street for Salomon Brothers, Morgan Stanley and several hedge funds. He recently testified before several U.S. congressional committees regarding the recent economic meltdown, and he is the author of A Demon of Our Own Design, three other books and numerous articles about option theory and risk management.

Bookstaber visited with about 40 finance students on September 24 about the recent financial crisis, risk governance issues and the outlook for future regulation of global financial markets.

"The OSU students benefited greatly from Rick Bookstaber's insights into the financial crisis, risk governance issues during the crisis and the possible future regulations to address risk-taking in financial markets," said Janice Jadlow, associate professor of finance and faculty advisor for FMA.