Darrell Duffie is the Adams Distinguished Professor of Management and Professor of Finance at Stanford University’s Graduate School of Business and Professor by courtesy in the Department of Economics. Duffie is a Research Fellow of the National Bureau of Economic Research and a Fellow of the American Academy of Arts and Sciences. He was the 2009 president of the American Finance Association. Duffie is an independent director on the board of U.S. Dimensional Funds. He chaired the Financial Stability Board’s Market Participants Group on Reference Rate Reform. Duffie is a Project Advisor of The G30 Working Group on Digital Currencies and a member of the Systemic Risk Council. Duffie’s research focus is the design and regulation of financial markets. His most recent books include How Big Banks Fail (Princeton University Press, 2010), Measuring Corporate Default Risk (Oxford University Press, 2011), Dark Markets (Princeton University Press, 2012), and Fragmenting Markets: Post-Crisis Bank Regulations and Financial Market Liquidity (forthcoming, 2020).