Shaffer Named to State Banking Board

Wyoming Gov. Matt Mead has appointed University of Wyoming Professor Sherrill Shaffer to serve a three-year term on the State Banking Board.

Shaffer, the Guthrie Distinguished Professor of Banking and Financial Services in the College of Business Department of Economics and Finance, will provide input to the Wyoming Division of Banking. The division is responsible for the chartering and regulation of Wyoming state banks, trust companies and mortgage companies as well as non-bank financial companies.

Among the board’s activities are to consult with and advise the commissioner on strengths and weaknesses in the banking industry in Wyoming, as well as the general economy of the state as reflected by the banking business. The board recommends changes to laws and regulations governing the banking industry as necessary to meet changes in the financial services industry and assists in providing information to the Legislature to support statutory reform and budget requests.

Before joining the UW faculty in 1997, Shaffer was assistant vice president, Federal Reserve Bank of Philadelphia, from 1988-1997 and served eight years as an economist at the Federal Reserve Bank of New York.

He has served on the editorial board for the Journal of Regulatory Economics since 2000 and has edited the Journal of Economics and Business since 1995. At UW, he teaches courses in banking, financial markets and financial economics. Shaffer has a concurrent appointment as a research associate with the Centre for Applied Macroeconomic Analysis at the Australian National University, that nation’s top research university.