Noreen Clancy is a senior policy analyst at the RAND Corporation. She has two primary areas of research: resilience from natural disasters and issues facing the financial services sector. Most recently, she has studied post disaster events including the balance of public sector in assuming risk and the private sector in offsetting risk. She recently contributed to the long-term recovery plan for Puerto Rico, specifically addressing housing recovery efforts. After Hurricane Sandy, she assessed the risks of flooding in New York City, the implications of an expanded flood map, and the rising cost of flood insurance, and developed policy options for providing assistance to homeowners who will have trouble affording the higher premiums. She is also Co-PI of a grant in the Gulf of Mexico examining the community resilience attributes of areas heavily impacted by the 2010 Deepwater Horizon oil spill.
Regarding financial services, her current interests relate to the legal and regulatory challenges posed by cryptocurrencies and blockchain technologies. Her earlier financial services research included co-authoring a study of hedge funds and systemic risk; examining the regulatory structure of Broker Dealers and Investment Advisors for the SEC and evaluating how assets are valued (historical cost vs mark-to-market accounting); and whether that led to risk accumulation problems or market distortion during the financial crisis.
Prior to joining RAND, Clancy worked at the National Oceanic and Atmospheric Administration and the President’s Council on Environmental Quality. She holds an M.S. in environmental science and policy from Johns Hopkins University.