financial markets

Securities and Exchange Commission has opened a new Division of Risk, Strategy, and Financial Innovation and announced the appointment of Henry T. C. Hu, University of Texas School of Law Professor, to the post of director.

Thus, the newly created division will combine functions of the Office of Economic Analysis, the Office of Risk Assessment, and other functions to provide the Commission with proper analysis that integrates economic, financial, and legal disciplines.

The Federal Reserve has disclosed it might still increase its purchases of mortgage-related and government debt with the aim of keeping credit flowing and spur recovery.

The policy-makers have been debating whether they should increase the amount of planned purchases of mortgage agency and government securities.