The SEC announced that it has changed the name of its Division of Risk, Strategy, and Financial Innovation to better reflect its core responsibilities and focus. The Division is now called the Division of Economic and Risk Analysis. The Division was created by the 2009 combination of three offices: the Office of Economic Analysis, Office of Risk Assessment, and Office of Interactive Data. SEC Chairman Mary Jo White said, "The division serves a central role in the SEC's ongoing commitment to rigorous economic analysis. It has grown significantly since its inception in 2009, not only almost doubling its staff since that time but also expanding its efforts to provide economic analysis and risk assessment to support the Commission's mission. This new name not only echoes the three offices that formed the core of the division, but also reflects the breadth of its still-expanding responsibilities." The Division provides economic analysis in support of SEC rulemaking and other policy initiatives. The Division also supports the work of the Division of Enforcement, for example, by providing economic and quantitative analysis related to enforcement actions. The Division conducts economic research, risk assessment, and data analytics to help staff across the SEC anticipate, identify, and manage risk, particularly focusing on early identification of fraud and illegal or questionable activities.
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