The SEC hired a financial economist from the Federal Reserve Board as its new Deputy Director and Deputy Chief Economist for the Division of Risk, Strategy, and Financial Innovation (RiskFin).  Dr. Kathleen Weiss Hanley, a distinguished financial economist with significant experience in variety of regulatory settings, began her new role on 8/22/11.  Dr. Hanley prior experience includes: 

• Board of Governors of the Federal Reserve System - Senior Economist.
• SEC’s Office of Economic Analysis (2005 to 2010) - Senior Financial Economist.
• University of Michigan and the University of Maryland - Faculty Member.

As Deputy Director and Deputy Chief Economist, Dr. Hanley will play an integral role in the division’s economic analysis of policymaking, particularly cost-benefit analysis. She also will be responsible for directing and coordinating the division’s research activities.

RiskFin was created in September 2009 to provide interdisciplinary analysis to help inform the Commission’s policymaking, rulemaking, enforcement, and examinations. The division encompasses the former Office of Economic Analysis, Office of Risk Assessment, and Office of Interactive Disclosure.  Its staff has expertise in disciplines including economics, risk analysis, finance, law, mathematics and statistics.

For further details on Dr. Hanley's CV, go to:  [SEC, PR 11-170, 8/29/11]