Contact: Mark D. Burd 412-268-3486
Release Date: Jun 19, 2012
WASHINGTON— Chester S. Spatt, the Pamela R. and Kenneth B. Dunn Professor of Finance at Carnegie Mellon University’s Tepper School of Business, has been chosen as a member of the Systematic Risk Council (SRC), a private sector, non-partisan body of former government officials and financial and legal experts committed to addressing regulatory and structural issues relating to systemic risk in the United States.
At a news conference in Washington D.C. on Monday, June 18, the SRC issued a “call to action”, expressing the need for “a strong independent voice” to help monitor financial regulation and expediently implement financial reforms that are necessary to protect the public from financial instability. The SRC was created by CFA Institute, the global association of investment professionals that sets the standard for professional excellence, and The Pew Charitable Trusts, an independent nonprofit organization that brings a rigorous, analytical approach to solving today’s most challenging problems.
Professor Spatt served as Chief Economist and Director of Office of Economic Analysis at U.S. Securities and Exchange Commission (SEC) from 2004 to 2007. Earlier this year, he was named to serve on the U.S. Federal Reserve’s Model Validation Council, a group organized to assess models used in stress tests for banking institutions. A highly respected researcher of financial market regulation, he joins the SRC as a member of a distinguished group of professionals:
About the Tepper School of Business - Founded in 1949, the Tepper School of Business at Carnegie Mellon University (www.tepper.cmu.edu) is a pioneer in the field of management science and analytical-decision making. The school’s notable contributions to the intellectual community include eight Nobel laureates. The school is among those institutions with the highest rate of academic citations in the fields of finance, operations research, organizational behavior and production/operations. The academic offerings of the Tepper School include undergraduate studies in business and economics, graduate studies in business administration and financial engineering, and doctoral studies.