The Securities and Exchange Commission on Monday named Kathleen Weiss Hanley as deputy director and deputy chief economist for the agency's Division of Risk, Strategy, and Financial Innovation (RiskFin).
In her new post, 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.
"Dr. Hanley is a distinguished financial economist with significant experience in variety of regulatory settings, having recently joined us from the Federal Reserve Board, and has an unparalleled reputation for conducting high-quality financial research,' said Craig Lewis, RiskFin's director and the SEC's chief economist. "She will be instrumental in our ongoing efforts to improve the economic analysis in our rulemakings."
RiskFin was created in 2009 to provide interdisciplinary analysis to help inform the SEC's policymaking, rulemaking, enforcement, and examinations. The division encompasses the former Office of Economic Analysis, Office of Risk Assessment, and the Office of Interactive Disclosure. Staff members have expertise in disciplines including economics, risk analysis, finance, law, mathematics and statistics.
Hanley, who began her new role at RiskFin on Aug, 22, had previously served as a senior economist at the Board of Governors of the Federal Reserve System. From 2005 to 2010, she was a Senior Financial Economist in the SEC's Office of Economic Analysis and, later, in RiskFin.