Richard J. Herring is the Jacob Safra Professor of International Banking and Professor of Finance at The Wharton School, University of Pennsylvania where he is also Co-Director of The Wharton Financial Institutions Center. From 2000 to 2006, he served as Director of The Lauder Institute of Management and International Studies, a dual degree program that combines a Wharton MBA with a Masters in International Studies. From 1995 to 2000, he served as Vice Dean and Director of Wharton’s Undergraduate Division.  Outside the University, he serves as Co-Chair of the US Shadow Financial Regulatory Committee and Executive Director of the Financial Economists Roundtable.  He was a member of the Group of Thirty Study Groups on the Reinsurance Industry and on Global Institutions, National Supervision and Systemic Risk and has been a Fellow of the World Economic Forum in Davos.  At various times, he has served as a consultant to the IMF and World Bank, as well as the various U.S. regulatory agencies.  Since 1990 he has been an independent director of the DWS group of Mutual Funds and some of their predecessor organizations and since 2007 he has been an independent director of the Daiwa closed end funds.  He has published widely on various topics in financial regulation and international finance.