Chester Spatt Named To U.S. Department of Treasury’s Financial Research Advisory Committee

Committee provides guidance to the Office of Financial Research.
Chester S. Spatt, the Pamela R. and Kenneth B. Dunn Professor of Finance, has been named as a new member to the U.S. Department of Treasury’s Financial Research Advisory Committee. The announcement was made in Washington D.C. by the Office of Financial Research in a press statement: http://www.treasury.gov/press-center/press-releases/Pages/jl2567.aspx

The committee provides advice and recommendations to the Treasury’s Office of Financial Research on issues related to financial stability. The committee has three subcommittees, which focus respectively on research, data and technology, and financial services and risk management.

Professor Spatt has previously served in several key advisory roles, which include 3 years as chief economist and director of the Office of Economic Analysis at the U.S. Securities and Exchange Commission (2004 -2007) and as a current member of the Model Validation Council, which was established in 2012 by the Federal Reserve System Board of Governors to provide expert and independent advice on its process to rigorously assess the models uses in stress tests of banking institutions. Spatt is also a current 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.

A highly-respected scholar and researcher in financial economics and financial markets, professor Spatt has focused much of his attention and research in recent years on economic issues related to securities regulation, asset allocation, taxes, and the looming crisis of underfunded public pension plans.