According to an article in the Wall Street Journal (February 25, 2020), the Counterparty Risk Management Policy Group, which was established to monitor risks to the global financial system following the 1998 collapse of Long Term Capital Management, has been quietly revived under the leadership of E. Gerald Corrigan, past president of the Federal Reserve Bank of New York and now a managing director of Goldman Sachs Group, Inc..

The policy group is comprised of 15 members representing major brokerage firms, banks, and one insurer.

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