Richard Bookstaber

From 2010-2013 he worked at the United States Department of the Treasury as a Senior Policy Advisory to the Financial Stability Oversight Council, and Research Principal at the Office of Financial Research. His research focused on applying agent-based models to assess systemic financial vulnerabilities.

Beginning in 2009 he took on various number of roles in the U.S. financial regulatory system. Bookstaber worked at the U.S. Securities and Exchange Commission during formulation of the Volcker Rule.

Bookstaber joined Morgan Stanley in 1984, where he held positions in research and proprietary trading, and was appointed to be the firm's first market risk manager. In 1994 he moved to Salomon Brothers where he was the Managing Director in charge of firmwide risk. Following the purchase of Salomon Brothers by Citigroup he took on risk manager roles in a number of hedge funds, including Moore Capital Management and Bridgewater Associates; and also founded the FrontPoint Partners Quantitative Equities Fund. He also worked at Ziff Brothers Investments doing both risk management and running a quantitative equity portfolio.

Richard Bookstaber (born 1950) is the author of A Demon Of Our Own Design, a book highlighting the fragility of the financial system that occurs from tight coupling and complexity. The book is noted for its foreshadowing of the financial crisis of 2007–08. He is also the author of The End of Theory, which critiques the applicability of economics in dealing with financial crises, and proposes an alternative paradigm using agent-based models.