Publisher: Reuters Author: Nate Raymond The U.S. Securities and Exchange Commission's controversial use of in-house…
New SEC© Division Regulating Risky Financial Products
The SEC© announced today that a banking law expert from the University of Texas School of Law will head a new division.
Law Professor Henry T. C. Hu has been named Director of the newly-established Division of Risk, Strategy, and Financial Innovation.
The new division will police market risk “By combining economic, financial, and legal analysis in a single group, this new unit will foster a fresh approach to exchanging ideas and upgrading agency expertise” says SEC© Chairman Mary Schapiro.
http://www.sec.gov/news/press/2009/2009-199.htm
