Noreen Clancy
Overview
Biography
Noreen Clancy has been conducting policy research and program assessments at RAND since 1998. Her two prime areas of interest relate to energy and environment issues, such as market mechanisms for environmental protection (i.e., emissions trading, carbon credits, etc.) and financial markets in general, or more specifically, financial regulatory reform. She has participated in work for EPA that includes assessing the National Environmental Performance Track Program and assisting the U.S. EPA and the Chinese government in assessing the feasibility of establishing an emissions trading program in China. Clancy has also written short research pieces on the prospects for hybrid and electric vehicles, international energy research and development investments, and the policy challenges related to dependence on petroleum. Regarding financial regulatory issues, she recently co-authored a study of the financial services industry and how it interacts with individual investors commissioned by the U.S. Securities and Exchange Commission. Clancy is currently engaged in a study of hedge funds and a study of mark-to-market accounting procedures and how both may or may not have had an effect on the economic collapse of 2008. Previously, she co-led a body of work for the Department of Justice that evaluated recent changes to the personal bankruptcy system. Prior to coming to RAND, Clancy worked at the National Oceanic and Atmospheric Administration and the Council on Environmental Quality. She earned a Master's degree in environmental science and policy from The Johns Hopkins University.
Research Focus
Civil Justice
Biography
Noreen Clancy has been conducting policy research and program assessments at RAND since 1998. She recently co-authored a study of the financial services industry commissioned by the U.S. Securities and Exchange Commission. The research specifically focused on the understanding of individual investors and how they interact with financial service firms and representatives. Currently, she is studying the role of hedge funds in capital markets and what affect, if any, they had on the economic collapse of 2008. She is also studying the use of mark-to-market accounting methods and how it gets applied to different kinds of financial transactions, securities and investments. Some have argued that the use of these methods contributed to the 2008 economic collapse. Previously, she co-led a body of work for the Department of Justice that evaluated recent changes to the personal bankruptcy system. This work included how the Department could better identify issues of fraud and abuse within personal bankruptcy filings as well as an evaluation of new provisions to the bankruptcy code. Other previous projects included research for FEMA as part of its Evaluation of the National Flood Insurance Program. Prior to coming to RAND, Clancy worked in government for eight years. She holds a Master of Science degree from The Johns Hopkins University and an undergraduate degree in criminology and law from the University of Florida.
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