Risk Economics, Inc. presented at a conference sponsored by the Department of Treasury’s Office of Financial Research and Financial Stability Oversight Council

David K.A. Mordecai, President of Risk Economics, Inc., presented at The Macroprudental Toolkit: Measurement and Analysis Conference sponsored by the Department of Treasury’s Office of Financial Research (OFR) and Financial Stability Oversight Council (FSOC). Dr. Mordecai served as a panelist for a discussion based on the OFR working paper entitled Forging Best Practices in Risk Management, co-authored by David K.A. Mordecai, Mark Flannery, University of Florida, Paul Glasserman, Columbia University and the Office of Financial Research, and Clifford Rossi, University of Maryland.

This invitation-only conference brought together thought leaders from the financial regulatory community, academia, public interest groups, and the financial services industry to discuss data and technology issues, as well as analytical approaches for assessing threats to financial stability. Presentations included invited papers, panel discussions, and keynote addresses by senior leaders in the financial regulatory community. Workshops considered data and technology challenges associated with analyzing threats to financial stability.

The conference was held on December 1-2nd, 2011, in Washington, D.C.

December 3rd, 2011, Washington, D.C.

The slides for the Forging Best Practices in Risk Management presentation can be found at the following location on Treasury’s site:

OFR presentation slides

On March 26^th, 2012, the Office of Financial Research (OFR) issued Forging Best Practices in Risk Management, as the second paper of its Working Paper Series to promote best practices in financial risk management. This paper provides a broad assessment of risk management practices and makes recommendations from the three perspectives of risk measurement, risk governance and systemic risk tradeoffs. The announcement and the paper can be found at the following location on Treasury’s site:

OFR working paper announcement

OFR working paper

March 27th, 2012, Washington, D.C.