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The new US financial industry reform law has far-reaching implications for how financial services firms are supervised and regulated. Numerous regulatory changes, including the creation of a Consumer Financial Protection Bureau and other new regulatory bodies, expanded regulatory powers for existing agencies, and stricter regulation of derivatives and other financial instruments will impact the way financial services firms do business. Additional measures such as limits on bank trading activities and mechanisms to identify and address systemic risk will further change the way the industry operates. The new law's full impact will be unclear for some time, as regulatory agencies move forward with the rulemaking and implementation process.
NERA Economic Consulting has assembled an unparalleled team of expert economists with experience in government (including the Federal Reserve Board, the Commodity Futures Trading Commission, the SEC, the FTC, and the President's Council of Economic Advisers) and the financial services industry (including Barclays, Banque Paribas, Morgan Stanley, and CS First Boston). Each member of our team brings an outstanding set of skills, experience, and expertise to bear on the challenges raised by regulatory changes and the other critical issues facing the financial services sector today.
Andrew Carron
One of the nation’s leading experts in securities and financial economics, focusing on fixed income instruments, derivatives, and risk management. Former Director-Global Risk Management at CS First Boston.
Patrick Conroy
Specializes in securities and finance, with experience in economic analysis involving securities fraud, mutual funds, suitability of investments, derivatives, and company valuation. Former SEC economist.
Robert Mackay
A leader in the field of financial risk management, including derivatives and derivative securities, and the regulation of financial markets. Has held positions at the Commodity Futures Trading Commission, the FTC, the SEC, the Federal Reserve Board, and the President’s Working Group on Financial Markets.
John Montgomery
Expert on equity and fixed-income securities, options, and mutual funds, as well as valuation and commercial damages. Former economist at the Federal Reserve Board, the IMF, and the President’s Council of Economic Advisers, and Vice President and Senior Global Economist at Morgan Stanley.
Chudozie Okongwu
An expert in securities economics, finance, and valuation, including valuation of various fixed income and equity products, options, convertible securities, and exotic financial structures. Former member of Banque Paribas's Fixed Income Emerging Markets team in New York and London.
Sharon Brown-Hruska
A leading expert in securities, derivatives, risk management, financial markets, and how changes in regulation, market structure, and information technology can affect measures of market quality. Former Commissioner and Acting Chairman of the Commodity Futures Trading Commission.
Christopher Laursen
A specialist in risk management, valuation, credit risk, trading risk, bank regulatory capital, and financial markets. Formerly with the Federal Reserve Board of Governors, as Manager of the Risk Policy & Guidance Section of the Supervision and Regulation Division, Head of Trading & Capital Markets Risk, and Lead Capital Markets Examiner over Bank of America Corporation.
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James Overdahl
A leading expert in financial markets and risk management. Former Chief Economist and Director of the Office of Economic Analysis for the SEC; Chief Economist and Director of the Office of the Chief Economist for the CFTC; and Senior Financial Economist for the Risk Analysis Division of the US Office of the Comptroller of the Currency.
James Jordan
An expert in securities and derivatives markets, including modeling, valuation, and risk assessment. Former Financial Economist and Special Assistant to a Commissioner at the US Commodity Futures Trading Commission, and Consultant to the Commission for a study of the stock market crash of 1987 and for the development of regulations for commodity and currency linked debt.
