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The OFR today issued the Viewpoint Series, a new series representing the views of the OFR. The first viewpoint is entitled, “Developing Best Practices for Regulatory Data Collections,” which is accompanied by a blog by OFR Director Richard Berner.
Comprehensive, high quality, interoperable data are increasingly important for financial stability analysis, market monitoring, and policymaking. They are also critical for risk management at financial firms. Members of the Financial Stability Oversight Council collect a significant amount of data for these purposes and their needs are increasing. Risk managers use the same or similar data to assess enterprise risk; clearly, their needs also are increasing. The OFR prepared this report to initiate a discussion about identifying best practices in financial regulatory data collection, with a view to aligning the interests of government officials and the industry.
The blog can be found here: https://financialresearch.gov/from-the-director/2016/05/10/how-best-to-collect-data-from-financial-companies/.
The vewpoint paper can be found here: https://financialresearch.gov/viewpoint-papers/files/OFRvp-2016-01_Best-Practices-Data-Collection.pdf.
The OFR home page is at: https://financialresearch.gov/.
