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UC Santa Barbara statistics professor to join OFR’s Financial Research Committee

Jean-Pierre Fouque

Jean-Pierre Fouque, a University of California Santa Barbara professor and director of the campus’ Center for Research in Financial Mathematics and statistics, has been named to the Office of Financial Research’s Financial Research Committee.

The 2010 Dodd-Frank Act established the OFR under the U.S. Treasury, and the office is responsible for improving transparency and accessibility of financial information, conducting research related to financial stability and promoting the best practices in risk management, according to Fox News.

“I am hoping to suggest to the OFR that we start funding multidisciplinary research with a direct link to the OFR,” Fouque said, Fox News reports. “I’d like to identify key institutions where multidisciplinary groups could be formed with experts in math, economics, statistics, finance and engineering. They could submit proposals to the OFR and get funding for research.”

The 30-member OFR committee includes leaders from the business and non-profit sectors, as well as researchers and think-tanks from UC Berkeley, Massachusetts Institute of Technology, London School of Economics, Columbia University and the Brookings Institution.

“We are pleased that such a distinguished group will serve on the advisory committee of the OFR,” Neal Wolin, the deputy secretary of the Treasury, said, according to Fox News. “We look forward to their valuable contributions to the OFR’s mission of improving the quality of financial data and facilitating more robust and sophisticated analysis of risks to the financial system.”

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