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.

Staff Papers and Analyses

Studies and Reports, Economic Notes, White Papers, and Quarterly Outlooks are prepared by Security and Exchange Commission staff in their official capacity as economists in the Commission’s Division of Economic and Risk Analysis.

Working Papers

DERA Working Papers are the work of the authors and not the work of the Division or the Commission. The inclusion of a paper in the Series does not indicate a Division or Commission determination to take any particular action or position.

Personal Academic Publications

Staff in the Division publish research in academic and practitioner journals, conference volumes, and scholarly books. These papers express the authors’ views and do not reflect those of the Commission, Commissioners, or other members of the staff.

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.