OFR Announces New Members Of Its Financial Research Advisory Committee

The Office of Financial Research (OFR) announced today the addition of 11 new members to its Financial Research Advisory Committee.

The new members, who are experts in economics, finance, financial services, data management, risk management, and information technology, will join the committee for its next meeting on July 24 in New York City. As the committee adds the new members, the terms of 10 current members will be ending. The committee provides advice and recommendations to the OFR on issues related to financial stability and helps the OFR fulfill its mission. The committee has three subcommittees, which focus respectively on research, data and technology, and financial services and risk management.

“We are honored to have such an outstanding group of new members join our advisory committee,” said OFR Director Richard Berner. “The committee helps us expand the perimeter of our knowledge to achieve our essential mission and these eleven new members will bring fresh perspectives to the committee’s deliberations.”

The Dodd-Frank Wall Street Reform and Consumer Protection Act established the OFR within the U.S.

Department of the Treasury to support the Financial Stability Oversight Council, its member agencies, and the public by improving the quality, transparency, and accessibility of financial data and information; conducting and sponsoring research related to financial stability; and promoting best practices in risk management.

The new members and their affiliations are:

• John Campbell, Harvard University
• Lou Crandall, Wrightson ICAP LLC
• Stephen Daffron, Interactive Data Corporation
• Beth Hammack, Goldman Sachs
• Darryll Hendricks, UBS
• Simon Johnson, Massachusetts Institute of Technology
• Andrew Metrick, Yale University
• David Puth, CLS Group Holdings/CLS Bank International
• Chester Spatt, Carnegie Mellon University
• Lynn Stout, Cornell University Law School
• Kay Vicino, Northern Trust

More information about the committee, including brief biographies of members, previous recommendations of the committee, and a public webcast of the July 24 meeting, is on the OFR website at www.treasury.gov/ofr.