In Episode 5, Lynette sits down with Dr. Richard Sandor for a discussion about how he created the AMERIBOR interest rate benchmark, planning for a 10-year development process, the relationship between innovators and regulators, and the importance of working with thought leaders and first movers. The conversation concludes with a side trip into Dr. Sandor’s passion for photography and his journey as a collector.

Dr. Richard Sandor is Chairman and CEO of the American Financial Exchange (AFX). He is also the CEO of Environmental Financial Products, which specializes in inventing, designing and developing new financial markets. Dr. Sandor is currently the Aaron Director Lecturer in Law and Economics at the University of Chicago Law School and an Honorary Professor at the University of Hong Kong. He is the author of several books, including “Good Derivatives: A Story of Financial and Environmental Innovation,” and has received numerous honors for his work in environmental finance and carbon trading. He served on the boards of several exchanges, as well as philanthropic and not-for-profit organizations such as the School of the Art Institute of Chicago and the Clean Energy Trust. Dr. Sandor holds a Bachelor of Arts degree from the City University of New York, Brooklyn College and a Ph.D. in Economics from the University of Minnesota.

Mentioned in this episode:

AMERIBOR: https://ameribor.net/

Dr. Sandor’s pick for the best pulled pork in America: https://www.joeskc.com/

FDIC Minority Depository Institutions Program: https://www.fdic.gov/regulations/resources/minority/

Articles by Ronald Coase:

“The Nature of the Firm” https://onlinelibrary.wiley.com/doi/full/10.1111/j.1468-0335.1937.tb00002.x

“The Problem of Social Cost" https://www.law.uchicago.edu/files/file/coase-problem.pdf

Ellen Sandor & (art)n: https://www.artn.com/

The Richard and Ellen Sandor Family Collection: https://www.sandor-collection.com/