Lifetime Achievement Award - Gerald Corrigan

Thirty-eight years in the finance business has given Gerald Corrigan a frontline seat at every financial crisis in recent history. He surfaced most recently at the helm of the Counterparty Risk Management Policy Group II (CRMPG II), whose report last year helped spur the industry into action to reduce backlogs in confirming credit derivatives trades.

Within a year of the group's report, issued in July 2005, two thirds of credit derivatives trades were being confirmed electronically - up from 20%