SEC Announces New Office of Risk and Strategy within the OCIE

The SEC announced the creation of the Office of Risk and Strategy ("ORS") within the Office of Compliance Inspections and Examinations ("OCIE"). The new office will "consolidate and streamline OCIE's risk assessment, market surveillance, and quantitative analysis teams and provide operational risk management and organizational strategy for OCIE." The SEC named Peter B. Driscoll the first Chief Risk and Strategy Officer of the ORS.