TriCityHerald.com – The Securities and Exchange Commission has merged several offices and functions to create a division of risk, strategy and financial innovation.
The new division will be headed by Henry T.C. Hu, a professor of banking and finance law at the University of Texas, the agency announced Wednesday.
The division combines the SEC’s Office of Economic Analysis, Office of Risk Assessment and other functions. It will assume those areas as well as strategic and long-term analysis, identification of new trends in financial markets, and risk to the financial system.