On September 11, 2014, the US Securities and Exchange Commission ("SEC") announced the creation of the Office of Risk Assessment within the Division of Economic and Risk Analysis. The new office will coordinate efforts to provide data-driven risk assessment tools and models in order to assist the SEC in assessing market risk, including developing tools to identify financial reporting irregularities indicative of financial fraud and assessing corporate issuer risk.
The full text of the SEC press release announcing the creation of the new office is available at: http://www.sec.gov/News/PressRelease/Detail/PressRelease/1370542914800
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