In the latest installment of its post-Madoff reforms, the Securities and Exchange Commission has created a new division aimed at identifying developing risks and trends in the financial markets.
The new Division of Risk, Strategy, and Financial Innovation, led by University of Texas law professor Henry T. C. Hu, combines the Office of Economic Analysis, the Office of Risk Assessment, and other functions to provide the Commission with “sophisticated analysis that integrates economic, financial, and legal disciplines,” according to the SEC press release.
