Office of Financial Research
- Office of Financial Research
-
The Office of Financial Research (OFR) is an agency established by the Dodd-Frank Wall Street Reform and Consumer Protection Act within the Treasury Department to improve the quality of financial data available to policymakers and facilitate more robust and sophisticated analysis of the financial system.
"The OFR would eventually issue and maintain two different and very important public databases. One would be a database of the financial instrument types and another a database of financial entities and organizations. The OFR would be linked to a Financial Research and Analysis Center whose job will be to develop intelligence – or actionable data – out of the raw data—so it can identify emerging systemic [risks.] Congress would get an annual report."[1]
"OFR is being led by Lewis Alexander, a counselor to Treasury Secretary Timothy Geithner until the White House appoints a permanent director next year. Treasury Deputy Secretary Neal Wolin has previously told Congress that the Obama administration wants someone with real experience in data collection"[1]
See also
- Financial Stability Oversight Council
- Legal Entity Identification for Financial Contracts
- Systemic risk
- Dodd-Frank Wall Street Reform and Consumer Protection Act
- Volcker Rule
- Central limit order book
References
- ^ a b http://www.securitiestechnologymonitor.com/news/systemic-risk-overseers-report-data-26536-1.html?zkPrintable=true
External links
Wikimedia Foundation.
2010.
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