J. Nellie Liang, the director of the new Office of Financial Stability Policy and Research at the Federal Reserve Board, has done several research papers that touch on pensions and retirement plans.
The Federal Reserve Board started the office to implement provisions in the Dodd-Frank Wall Street Reform and Consumer Protection Act,
The office is supposed to help the new Financial Stability Oversight Council keep tabs on trends at banks and other companies, including some large insurers, that could affect the stability of the financial system.
“The office will develop and coordinate staff efforts to identify and analyze potential risks to the financial system and the broader economy, including through the monitoring of asset prices, leverage, financial flows, and other market risk indicators; follow developments at key institutions; and analyze policies to promote financial stability,” Fed officials say.
Office staffers will include economists, banking supervisors and markets experts, officials say.
Liang has been working for the Fed since 1986, most recently as a senior associate director in the Division of Research and Statistics.
Liang has a bachelor’s degree from the University of Notre Dame and a doctorate in economics from the University of Maryland.
The topics of Liang’s articles have included the costs and benefits of 401(k) matching contributions made in company stock and the interaction of federal pension insurance and pension fund finances.
- Allison Bell