The Center for Financial Policy is excited to announce that United States Senator Jack Reed of Rhode Island will be opening the Conference on Systemic Risk and Data Issues on October 5-6, 2011 in Washington, D.C.
Sen. Reed was elected into the Senate in 1996, currently serving his third term representing Rhode Island. A former Army Ranger, Reed is a national leader on defense, housing, and economic issues. He has led efforts to promote responsible budgets, create jobs, and strengthen our economy. As a senior member of the Senate Banking, Housing and Urban Affairs Committee, Reed authored several key pieces of the historic Wall Street reform bill and has been nationally recognized for his dedication to protecting U.S. consumers. He was pivotal in creating the Office of Financial Research (OFR), one of the main inspirations for this conference. He also helped create a powerful new Consumer Financial Protection Bureau to give American families the tools to fight unfair and abusive financial products and services.
In November 2010, the Center for Financial Policy hosted Sen. Reed at a reception with Pew Charitable Trusts marking the establishment of the Office of Financial Research (OFR) and the release of the National Science Foundation Workshop Report, Knowledge Representation and Information Management for Financial Risk Management. During his remarks at the reception, Reed applauded the report’s recommendations to fully implement the Office of Financial Research as well as its legally mandated data center. “We need this type of analysis,” said Reed. “We have the opportunity not just to create an institution, but to create a culture.” He emphasized the need for this agency to be analytical, apolitical, and a collaborative effort between the government, finance and computer and information sciences communities. Sen. Reed’s vision is for the Office of Financial Research to serve as a significant counterweight to the asymmetric information that currently plagues the financial system.
The Center for Financial Policy is co-hosting the Conference on Systemic Risk and Data Issues with the Salomon Center for the Study of Financial Institutions at the NYU Stern School of Business, the Center for Financial Markets at Carnegie Mellon’s Tepper School of Business, and the Fisher Center for Real Estate and Urban Economics at UC Berkeley’s Haas School of Business.
Click here to see the full conference agenda.
Seats are limited, so reserve your seat now!