About

The Division of Economic and Risk Analysis (DERA) integrates financial economics and rigorous data analytics into the SEC’s core mission. DERA assists the Commission in its efforts to identify and respond to economic and market issues, including those related to new financial products, investment and trading strategies, systemic risk, and fraud.

DERA manages and analyzes public and private data to support relevant initiatives and projects. DERA’s data analytics work develops a variety of financial and market data analysis tools, supplies economic statistics, and promotes data standards.

Jessica Wachter

Chief Economist and Director, Division of Economic and Risk Analysis

Contact the Division

202-551-6600 DERA@sec.gov

Staff Papers and Analyses

These working papers investigate a broad range of issues relevant to the SEC mission. They are disseminated to stimulate discussion and critical comment for public benefit.

Academic Publications

These research activities enhance the Division’s awareness and understanding of significant financial market issues and potential solutions to identified market failures and risks.

Economic Analysis in Rulemaking

High-quality economic analysis is an essential part of SEC rulemaking. The Current Guidance on Economic Analysis in SEC Rulemaking was prepared by DERA and the Office of the General Counsel to provide guidance to Commission staff involved in agency rulemaking.

Market Structure: Hazard Survivor Data

Data and Research

The SEC identifies and publishes comprehensive data sets that provide investors and market participants, as well as developers and other third parties, with aggregated information from public filings for research and analysis.

DERA Taxonomies

Access taxonomies including current XBRL taxonomies, other current taxonomies, and draft taxonomies.