David K.A. Mordecai, President of Risk Economics, was invited to present at The Macroprudental Toolkit: Measurement and Analysis Conference sponsored by the Department of Treasury Office of Financial Research (OFR) and Financial Stability Oversight Council (FSOC). David K.A. Mordecai served as a panelist for a discussion based on the OFR working paper entitled Forging Best Practices in Risk Management that he co-authored with Mark Flannery of University of Florida, Paul Glasserman of Columbia University and the Department of Treasury Office of Financial Research, and Clifford Rossi of University of Maryland. The conference was held on December 1-2, 2011, in Washington, D.C.
This invitation-only conference brought together thought leaders from the financial regulatory community, academia, public interest groups, and the financial services industry to discuss data and technology issues, as well as analytical approaches for assessing threats to financial stability. Presentations included invited papers, panel discussions, and keynote addresses by senior leaders in the financial regulatory community. Workshops considered data and technology challenges associated with analyzing threats to financial stability.
On March 26 2012, the Office of Financial Research (OFR) issued Forging Best Practices in Risk Management, as the second paper of its Working Paper Series to promote best practices in financial risk management. This paper provides a broad assessment of risk management practices and makes recommendations from the three perspectives of risk measurement, risk governance and systemic risk tradeoffs.
To read the announcement and the paper, see the following: