Summary
Wei Shih is a Manager in the Finance Practice. He has extensive experience providing data and economic analysis to inform decision making by government officials, attorneys, and financial service professionals. Dr. Shih has led and managed teams in projects related to policy evaluation, cost-benefit analysis, and damage estimation. He has also conducted research on asset pricing and authored white papers on the impact of regulatory activities on the audit and capital markets.
Education
PhD, Finance and Economics, Rutgers University
MS, Finance, University of Illinois Urbana-Champaign
BA, Political Science, National Taiwan University
Practices
Selected Work
Selected Experience
- Developed the PCAOB Post-Implementation Review program to inform evidence-based policymaking by analyzing the overall effect of new auditing requirements on key stakeholders in the audit process. Regularly represented the PIR team in PCAOB stakeholder engagements, including public advisory group meetings and meetings with other government agencies and regulators, industry trade groups, and professional services firms.
- In FGIC v. Countrywide, supported testifying expert on behalf of FGIC in disputes over the quality of mortgages pooled into various mortgage-backed securities. Developed loan sampling procedures and provided statistical analysis to estimate the fraction of mortgage loans in the securitized pools that failed to meet the originator’s stated guidelines.
- Supported experts on behalf of a commercial insurer in disputes with mortgage originators concerning underwriting processes for loans that were used to create asset-backed securities.
- In Twin City Fire Insurance Co. et al. v. Arch Insurance Group Inc., supported expert regarding damages alleged to have been caused by various employees leaving one corporation for a competitor. Estimated potential damages after controlling for appropriate business and economic factors and analyzed issues related to economic causation.