by David Schwartz J.D. CPA | Jan 27, 2016 | All, Change Overview and Rationale, Formal Regulatory Remedies
On January 27, 2016, the Office of Financial Research (OFR), an arm of the Treasury Department created under the Dodd-Frank Act, issued its fourth annual report to Congress. The report highlights the results of OFR research, risks to financial markets, and OFR...
by David Schwartz J.D. CPA | Aug 19, 2015 | All, Change Overview and Rationale, Formal Regulatory Remedies
On October 7, 2015, the Office of Financial Research (OFR) published a paper highlighting the difficulties in interpreting the Liquidity Coverage Ratio (LCR), a new standard set by bank regulators after the financial crisis to help ensure banks maintain sufficient...
by David Schwartz J.D. CPA | Dec 16, 2014 | All, Change Overview and Rationale, Formal Regulatory Remedies
In its most recent Annual Report, the Office of Financial Research (OFR) warns that despite the strengthening global financial system, threats to financial stability still remain, and it is no time for complacency. Formed in 2010 as a part of the Treasury Department...
by David Schwartz J.D. CPA | Jun 23, 2013 | All, Change Overview and Rationale
Although it is intuitively clear that interconnectedness has some effect on the transmission of shocks, it is less clear whether and how it significantly increases the likelihood and magnitude of losses compared to a financial system that is not interconnected. The...
