The Division’s new senior officials are:

• Richard Bookstaber has been appointed a senior policy advisor to the director. Bookstaber served as the managing director in charge of firm-wide risk management at Salomon Brothers, director of risk management at Moore Capital Management, and Morgan Stanley’s first market risk manager. He is the author of three books and a number of articles on finance topics ranging from option theory to risk management, and has received various awards for his research.

• Adam Glass has been appointed a counsel to the director. Glass comes to the SEC from Linklaters, where he founded its Structured Finance and Derivatives Practice. During his tenure at Linklaters, he represented banks, investment banks, monoline insurance companies, and hedge funds. Previously he was a partner at Sidley Austin Brown & Wood.

• Bruce Kraus has been appointed a counsel to the director. Mr. Kraus comes to the SEC from Willkie Farr & Gallagher LLP, where he practiced corporate and securities law for more than 20 years. His practice included mergers and acquisitions transactions and other corporate finance work.

The Division of Risk, Strategy, and Financial Innovation combines the Office of Economic Analysis, the Office of Risk Assessment, and other functions to provide the Commission with sophisticated analysis that integrates economic, financial, and legal disciplines. The Division’s responsibilities cover three broad areas: risk and economic analysis; strategic research; and financial innovation.

The excerpted chapter, which covers the first five days after the fall of Lehman Brothers and the announcement of American International Group’s first government-backed cash infusion, contains an intimate narrative of the heady conversations and frantic phone calls that defined the conduct at Goldman Sachs, Morgan Stanley, and other key Wall Street firms. Also on hand in this dramatic episode are such crucial regulatory figures as then-Treasury Secretary Henry Paulson, Fed Chairman Ben Bernanke, and the soon-to-be-promoted then-President of the New York Federal Reserve Bank, Timothy Geithner.

Sorkin’s complete book, which runs 624 pages, is the result of hundreds of interviews and thousands of examined documents, according to the author, “the hardest job of reporting I’ve ever had in my life.” One difficulty, according to the author was sorting through the sheer volume of detail given him: “I had almost too much information. There was sort of a Rashomon-like nature to it all, where I might even interview all 10 people in a room, and, of course, all 10 people have various versions.”

Sorkin’s book will be released on October 20. The preview is here. A previous interview with Sorkin, also published by Vanity Fair, can be found here.

Editor’s note: Andrew Ross Sorkin will appear at the Directorship Forum, November 16th in NYC. To hear Sorkin in person, please click here to register for the Directorship Boardroom Leaders Forum and the D100 dinner.

“We do need an overall systemic-risk management that everyone buys into. It’s not a U.S. systemic boundary — it’s a global systemic risk manager,” he added.

Mack believes that a global regulator would ensure that U.S. banks aren’t subject to harsher regulations compared to the rest of the world. He pointed out that the push for regulation has weakened as the Obama administration focuses its attention on other tasks. “I think the crisis is over,” Mack said in yesterday’s interview. “What I worry about is that we lose momentum with some of the regulatory changes that we need to go through.”