Cate Long

Cate Long is the founder of Puerto Rico Clearinghouse in New York, a consultancy for Puerto Rico bondholders and other stakeholders. As a municipal bonds writer for Reuters, she predicted the insol- vency of the Puerto Rico Commonwealth in March 2012 and has covered the fiscal, political and le- gal challenges of the territory for five years. Ms. Long worked extensively with congressional staff in the development and passage of the Puerto Rico Oversight, Management, and Economic Stability Act (PROMESA). She also worked on the development of Dodd-Frank and federal laws regulating credit- rating agencies. For Dodd-Frank she led an open-source financial reform project for Hill staff, regula- tors and the media, analyzing and clearly explaining complex financial topics. Her work has shaped the laws governing credit-rating agencies, and she was successful in having equivalent disclosure of underwriting information to raters adapted for asset-backed securities. She also successfully lobbied for federal law to require the standard application of credit-rating symbols between asset classes within a credit-rating agency. Ms. Long holds two U.S. patents for the standardization and visualization of fixed- income market data, which she is currently commercializing. In the early 2000s, she was one of the bond market leaders who migrated the protocol for electronic trading of equities, FIX, to fixed income. Prior to founding her own firm, Ms. Long worked for British and Dutch investment bank ING Barings. She received her B.A. from Goddard College in Plainfield, Vt.