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Regulation Archive

Here is a listing of useful regulatory related documentation.  Please use the search function at the top of this page or contact Carole Mahoney if you are unable to find what you are looking for.


2017

OFR viewpoint: Size Alone is Not Sufficient to Identify Systemically Important Banks
How can U.S. regulators decide which banks pose the greatest risk to financial stability and thus should be held to higher regulatory standards? The Dodd-Frank Act uses an asset-size threshold to make that determination. But the latest research from the OFR shows that size alone does not necessarily reflect a bank’s systemic importance.
26 October 2017 - 284.21KB
BCBS 239: Progress Report (4th)
Progress in adopting the Principles for effective risk data aggregation and risk reporting
28 March 2017 - 442.48KB
Regulatory Rx: Treating Root Cause
Webinar: An examination of the scope of regulatory initiatives stemming from BCBS 239, from a data and standards perspective – and our opinion of what it means moving forward.
11 May 2017 - 2.37MB

2015

Response to CPMI-IOSCO on the Harmonization of Key OTC Derivatives Data Elements
EDM Council response to the consultative report on the harmonization of key OTC derivatives data elements recommending an evaluation of FIBO to acheive the goals of both derivatives transparency and overall financial stability analysis.
06 October 2015 - 20.69KB
Regulatory Analytics and Data Architecture (RADAR) -Kingsley Jones
RADAR Final Report published by Dr Kingsley Jones, Research Fellow, Centre for International Finance and Regulation
16 June 2015 - 6.05MB
BCBS 239: Risk Data Aggregation
Basel Committee on Banking Supervision: Principles for effective risk data aggregation and risk reporting
30 August 2015 - 136.82KB
OFR Whitepaper on Systemic Risk
Process Systems Engineering as a Modeling Paradigm for Analyzing Systemic Risk in Financial Networks. Written by Richard Bookstaber, Paul Glasserman, Garud Iyengar, Yu Luo, Venkat Venkatasubramanian, and Zhizun Zhang.
12 February 2015 - 2.23MB
IOSCO Consultation on Derivatives
Committee on Payments and Market Infrastructures. Board of the International Organization of Securities Commissions. Consultative report: Harmonisation of key OTC derivatives data elements (other than UTI and UPI) – first batch
30 August 2015 - 408.63KB
Office of Financial Research Annual Report (2014)
This report analyzes potential threats to U.S. financial stability, documents our significant progress in meeting the mission of the Office, and reports on key research findings
09 January 2015 - 6.97MB
CPMI Consultative Document on UTI
Committee on Payments and Market Infrastructures. Board of the International Organization of Securities Commissions. Consultative report: Harmonisation of the Unique Transaction Identifier
28 August 2015 - 474.19KB

2014

Regulatory Technical Standards on MiFID II/MiFIR
European Securities and Markets Authority Consultation Paper
19 December 2014 - 2.78MB
Regulatory Update (March 2014)
Update provided for PRMIA in Montreal
17 March 2014 - 3.98MB
Report on Standards in Global Financial Markets
A UK Government Office for Science sponsored project on standard setting in global financial markets.
27 November 2014 - 467.91KB
Update to PRA on UK BCBS Working Group
Copy of letter sent to Prudential Regulation Authority to update following UK BCBS working group meeting 17 February 2014
17 March 2014 - 1.26MB
Mindset of the CDO for Regulatory Compliance
Presentation by John Bottega at Evanta CDO Summit in New York
19 November 2014 - 3.65MB
FRAC (US Treasury’s OFR) recommendation for the adoption of ontology
The Financial Research Advisory Committee (FRAC) of the US Treasury’s Office of Financial Research (OFR) unanimously recommended the adoption of ontology as a significant part of OFR’s response to the DFA requirement to ‘prepare and publish’ a financial instrument database. FRAC further recommended that OFR evaluate private sector initiatives (FIBO) to assess how the ontology can contribute to the goals of transparency and financial stability analysis.
25 February 2014 - 85.46KB
FIBO Briefing (Sept 2014)
FIBO: A common Language for the financial industry. Presented by David Newman (Wells Fargo)
11 September 2014 - 1.94MB
Press Release: FSB OTC Working Group Consultation Paper
Feasibility study on approaches to aggregate OTC derivatives trade repository data
04 February 2014 - 26.52KB
BCBS 239 Regulatory Update
Industry update on BCBS 239 (Risk Data Aggregation & Regulatory Reporting) Given at FIMA Boston
24 March 2014 - 3.55MB
FSB OTC Working Group Consultation Paper
Consultation Paper: Feasibility study on approaches to aggregate OTC derivatives data
04 February 2014 - 506.68KB
BCBS Task Force report
A composite report from the US and UK BCBS meetings.
20 March 2014 - 166.62KB
Progress Report on Counterparty Data
Released by the Senior Banking Supervisors Group and indicates that SIFI progress toward consistent, timely and accurate reporting of top counterparty exposures fails to meet supervisory expectations. Data quality is of specific concern.
17 January 2014 - 821.48KB

2013

Basel RDA Progress Analysis
Results of the G-SIB’s self-assessment against the Basel Committee on Banking Supervision (BCBS) Risk Data Aggregation Principles.
20 December 2013 - 184.04KB
Global Regulatory Reforms Proposals
Side-by-side comparisons and timelines published by GFMA
10 April 2013 - 1.96MB
Office of Financial Research Annual Report (2013)
The report fulfills a requirement for the OFR to submit a report annually to Congress to assess the state of the United States financial system and analyze threats to U.S. financial stability.
17 December 2013 - 4.00MB
Next Generation Community Financial Cyberinfrastructure for Managing Systemic Risk
Report of a workshop held by NSF, March 2013
08 April 2013 - 361.39KB
OFR: Mortgage Loan Identifier
Office of Financial Research (US Dept of Treasury) working paper on the need for a universal mortgage loan identifier
05 December 2013 - 412.95KB
FIBO Operational Ontologies Demonstration
Presented to CFTC by David Newman and Dennis Wisnosky
19 March 2013 - 3.85MB
OCC letter
Letter to the Office of the Comptroller of the Currency (Treasury) about public/private collaboration to meet the objectives of the Basel Principles for Risk Data Aggregation
14 November 2013 - 530.57KB
Regulatory Landscape
Regulatory and Business Data Implications Map and Glossary - A graphical outline of the intersection between regulation & data requirements and common approaches to address them.
13 March 2013 - 124.38KB
BCBS Task Force
The collaborative forum between financial institutions and market authorities for the translation and prioritization of the BCBS Principles into measurable goals that meet the practical requirements of both regulatory authorities and market participants. Working notes from London and New York meetings.
01 November 2013 - 80.02KB
Australia Risk Data Guidelines
Australian Prudential Regulation Authority: Draft Prudential Practice Guide PPG 235 – Managing Data Risk
26 February 2013 - 257.45KB
FSOC Annual Report 2013
Financial Stability Oversight Council annual report addressing the activities of the Council and significant financial market and regulatory developments, along with an assessment of those developments on the stability of the financial system.
30 April 2013 - 10.05MB
OFR’s LEI Responses to FAQ
Frequently Asked Questions: Global Legal Entity Identifier (LEI)
20 February 2013 - 95.67KB
IOSCO: Final Report on Technical Challenges to Market Surveillance
On August 22, 2012, IOSCO published its related consultative report entitled Technological Challenges to Effective Market Surveillance, Issues and Regulatory Tools. Seventeen comments letters were received from individuals, associations, markets and regulators. This Final Report discusses and incorporates, as appropriate, those comments.
22 April 2013 - 676.77KB
Council Summary of RDA Principles
An EDM Council summary of the Basel Report on 'Principles for Effective Risk Data Aggregation'
01 February 2013 - 30.90KB
Shadow Banking: Issues and Regulatory Approaches
Produced by Jaime Caruana, General Manager of the Bank for International Settlements and the University of Maryland
15 April 2013 - 1.46MB
NY Fed Financial Stability Plan
Preliminary findings for a systemic risk monitoring program, from Federal reserve Bank of New York.
01 February 2013 - 501.26KB

2012

4th FSB Progress Note on LEI
This is the fourth of a series of notes on the implementation of the legal entity identifier (LEI) initiative.
11 December 2012 - 78.41KB
European Systemic Risk Board Annual Report
This report on financial stability in Europe was released by the ESRB.
22 June 2012 - 723.95KB
Treasury Announces Members for New Financial Research Advisory Committee
The U.S. Treasury announced the thirty distinguished professionals in economics, finance, financial services, data management, risk management, and IT, who will serve on the Financial Research Advisory Committee of the Office of Financial Research (OFR).
14 November 2012 - 74.04KB
G20 Declaration
The G20 endorsed the FSB recommendation on LEI (point number 44) and seeks a report on implementation progress by the November 2012 Finance Ministers meeting.
19 June 2012 - 283.43KB
IOSCO: Consultation Report on Technical Challenges to Market Surveillance
IOSCO Board published this Report with the aim of outlining high level recommendations to assist Market Authorities in addressing the challenges posed by the latest technological developments to effective market surveillance, particularly with respect to: (1) Improving surveillance capabilities on a cross-market and cross-asset basis; and (2) Making more useful to Market Authorities the data collected for surveillance purposes. Public responses were requested.
22 August 2012 - 540.24KB
CCAR Methodology
Comprehensive Capital Analysis and Review 2012: Methodology and Results for Stress Scenario Projections
30 May 2012 - 3.46MB
CFTC Names DTCC/SWIFT as CICI Provider
The CFTC officially named DTCC and SWIFT as the official providers of the CFTC Interim Counterparty Identifier (CICI).
24 July 2012 - 226.88KB
FATCA Implications
EDM Council member Amy Harkins, BNY Mellon, prepared this overview of FATCA implications and requirements for a recent conference.
22 May 2012 - 407.19KB
CICI LEI Order
Supporting information - CFTC appointment of DTCC/SWIFT as CICI provider
24 July 2012 - 449.57KB
FSOC Annual Report 2012  
30 April 2012 - 26.83MB
CICI Designation Fact Sheet
Supporting information - CFTC appointment of DTCC/SWIFT as CICI provider
24 July 2012 - 181.06KB
US Treasury: The Financial Crisis Response
A series of charts on the impact of the combined actions of the Treasury, the Federal Reserve, and the Federal Deposit Insurance Corporation on the US economy following the financial crisis.
30 April 2012 - 6.12MB
Office of Financial Research Annual Report (2012)
This inaugural OFR Annual Report details the progress of the OFR in meeting its mission (analysis of financial stability, research, addressing data gaps and promoting standards)
20 July 2012 - 3.86MB
SEC Swap Reporting
17 CFR Parts 240 and 242. Regulation SBSR—Reporting and Dissemination of Security-Based Swap Information; Proposed Rule
22 February 2012 - 1.82MB
Swap Definition
CFTC/SEC Definition of “swap” for the purpose of administering the Wall Street Reform and Consumer Protection Act.
10 July 2012 - 293.79KB
OFR Survey of Systemic Risk Analytics
Office of Financial Research Working Paper #0001
05 January 2012 - 1.13MB
LEI - Call for members for the FSB Legal Entity Identifier Private Sector Preparatory Group
FSB call for interest from private sector experts to support the launch of a global LEI system by March 2013. Nominations and indications of interest are due by Wednesday 11 July 2012.
03 July 2012 - 21.39KB

2011

CFTC Final Rulemaking for Data Reporting
The CFTC released its notification of final rulemaking for issues related to data recordkeeping and reporting.
21 December 2011 - 1.45MB
FSOC 1st Annual Report
US Financial Stability Oversight Council reporting on the state of the US financial system. It focuses on heightened risk management and supervisory attention, reforms to address structural vulnerabilities and steps to strengthen the housing finance system.
26 July 2011 - 21.98MB
OFR Themes
Our assessment of the outcome of the OFR’s inaugural conference held December 1 in Washington DC
05 December 2011 - 61.76KB
Consultation Paper on Logistical and Technical Arrangements for Reporting to Hong Kong Trade Repository
Financial Infrastructure Department Hong Kong Monetary Authority
01 July 2011 - 609.17KB
OTC Proof of Concept Presentation
Presentation by David Newman, Wells Fargo, outlining the use of semantics for describing and analyzing OTC derivatives.
28 November 2011 - 5.71MB
Consultation Papers on OTC Derivatives Reporting from Canada
CSA Consultation Paper 91‐402. Derivatives: Trade Repositories
23 June 2011 - 353.63KB
G-20 Communiqué
Report from G-20 meeting in Paris on priorities for financial stability .
15 October 2011 - 91.78KB
Issa Data Act
Bill to amend title 31, United States Code, to require accountability and transparency in Federal spending.
13 June 2011 - 224.14KB
European Legislative and Regulatory Update
Presentation by Barbara Ridpath, CEO, International Centre for Financial Regulation at EDM Council meeting in London
15 September 2011 - 1.43MB
FPML Derivatives Product Registry
ISDA White Paper on Product Representation for Standardized Derivatives
09 June 2011 - 799.19KB
Improving Financial Data : A Public Sector Perspective
Presentation by Lew Alexander Financial Stability Advisor, NY Fed to EDM Council members
07 September 2011 - 48.27KB
SEC/CFTC Study 719(b) on Derivatives
Joint study on the feasibility of mandating algorithmic descriptions for derivatives
07 April 2011 - 642.20KB
IOSCO: OTC Derivatives Data Reporting and Aggregation Requirements
The International Organization of Securities Commissioners report on OTC derivatives reporting and data aggregation endorsing LEI and encouraging international cooperation on OTC classification and instrument ID.
23 August 2011 - 840.21KB
DFA and Data Implications
EDM Council has formed a working group of its Board to examine the specific data issues associated with Dodd-Frank implementation. These are the minutes of the meeting.
31 March 2011 - 62.07KB
FSOC Annual Report 2011
Financial Stability Oversight Council Annual Report 2011
26 July 2011 - 9.01MB
IOSCO: Regulators Role in Mitigating Systemic Risk
The International Organization of Securities Commissioners (IOSCO) Disuscion Paper on how securities regulators can identify, monitor, mitigate and manage systemic risk
01 March 2011 - 728.29KB

2010

Report from Senior Supervisors Group
Observations on Developments in Risk Appetite Frameworks and IT Infrastructure. Particular interest in Section IV C (data aggregation for risk)
23 December 2010 - 405.09KB
CESR: MiFID Transaction Reporting
CESR Proposal to European Commission on MiFID transaction reporting. Including their opinion on the need for a standard entity identifier and the role of BIC
16 April 2010 - 443.37KB
Response to SEC/CFTC
Formal comment letter to SEC/CFTC in response to Dodd-Frank mandatory study on using Semantic contractual structure of OTC derivative contracts
16 December 2010 - 58.22KB
ECB: Reference Data Utility
Presentation by Francis Gross of the European Central Bank on the "reference data utility" concept
20 March 2010 - 506.63KB
CFTC Questions on Standards for Derivatives (719 (b) Frank Dodd)
Published questions from Section 719(b) Title VII of Dodd-Frank on feasibility study on the use of semantics to describe the attributes of OTC derivatives.
14 December 2010 - 351.72KB
US Senate Financial Reform Analysis
Summary of key points contained in Senator Dodd's "Restoring American Financial Stability Act" including how it compares to the bill adopted by the US House of Representatives. This analysis was provided by the law firm Polk & Wardwell LLP in Washington DC
17 March 2010 - 980.58KB
NSF & Pew: Workshop Report
Over fifty invited academic researchers, financial regulators and industry practitioners brought diverse perspectives and expertise to discuss the knowledge representation challenges for effective financial information management (July 2010). This report describes the discussions flowing from the workshop and its immediate aftermath in greater detail.
29 November 2010 - 1.40MB
Senate Regulatory Reform Bill: Dodd-Frank Act
Senator Chris Dodd introduced "Restoring American Financial Stability Act". A copy of the legislation is posted. Sections 152-156 (pages 60-79) are about the creation of the Office of Financial Research
17 March 2010 - 1.95MB
Data for Financial Risk Management
Results of conference sponsored by Pew Trust, National Science Foundation and University of Maryland on the relationship between data, systemic risk oversight and knowledge representation
22 July 2010 - 87.25KB
Testimony of Federal Reserve Board Governor Daniel K Tarullo
Before the U.S. Senate Banking Committee on equipping financial regulators with the tools necessary to monitor systemic risk
12 February 2010 - 128.83KB
Excerpt of recent presentation on Global Regulatory Activities  
16 July 2010 - 99.26KB
Nobel Laureates Letter to Senator Shelby
In support of the National Institute of Finance Act of 2011
11 February 2010 - 191.31KB
Davis Polk Analysis (Slides): Dodd-Frank Regulatory Reform Legislation
Presentation of analysis by Davis Polk on the Dodd-Frank regulatory reform legislation
09 July 2010 - 670.52KB
Nobel Laureates Letter to Senator Dodd
In support of the National Institute of Finance Act of 2011
11 February 2010 - 191.04KB
Davis Polk Analysis (Report): Dodd-Frank Regulatory Reform Legislation
Report of analysis by Davis Polk on the Dodd-Frank regulatory reform legislation
09 July 2010 - 603.69KB
NIF: Letter of Submission
From Senator Jack Reed for the creation of "National Institute of Finance"
05 February 2010 - 50.79KB
Dodd-Frank Legislation
Final language: Dodd-Frank Wall Street Reform and Consumer Protection Act
29 June 2010 - 86.39KB
NIF: Senate Bill on Data (S.3005)
Senator Jack Reed formally introduced 5.3005 - a bill to create the "National Institute of Finance".
05 February 2010 - 62.27KB
Restoring Financial Stability Act
Summary of the financial regulatory reform legislation passed by the Senate on May 20, 2010. The summary was prepared by DC law firm Davis Polk and Wardwell LLC.
24 May 2010 - 418.07KB
Smart Regulation: Is it Possible?
Aite Group report on the pending changes in the legislative process
29 January 2010 - 236.30KB
Regulatory Reform: House/Senate Comparison
Side-by-side summary of the key regulatory reform proposals in both the House and Senate versions of regulatory reform legislation prepared by Davis Polk and Wardwell LLP
21 May 2010 - 586.12KB
NAS Workshop Report
Final report from the National Academy of Sciences Workshop on the technical and data capabilities needed for systemic risk regulation held November 3, 2009 at the request of Senator Jack Reed
28 January 2010 - 1.94MB

2009

US House Financial Reform Analysis
Summary of key points contained in HR.4173 "Wall Street Reform and Protection Act". This analysis was prepared by the law firm Davis Polk Wardwell in Washington DC
15 December 2009 - 152.13KB
Data Requirements for Financial Oversight
Paper written by the EDM Council outlining the data requirements for systemic oversight.
22 June 2009 - 64.76KB
NIF Executive Summary
Position paper on the rationale and objectives behind our collaborative effort to create a National Institute of Finance
17 July 2009 - 49.43KB
ECB : Reference Data Utility
Presentation by Francis Gross, of the European Central Bank on the concept for a Reference Data Utility
03 April 2009 - 725.50KB

2008

Academic Article on the Measurement of Operational Risk Exposurefor Basel II  
29 February 2008 - 318.83KB

2006

MFID Summary
Core template on information implications associated with Markets in Financial Information Services Directive
28 August 2006 - 24.24KB
G30: Global Clearing and Settlement Monitoring Report
Final G-30 report on clearing and settlement
01 May 2006 - 318.60KB
RegNMS Summary
Core template on information implications associated with Regulation New Market Systems
21 August 2006 - 29.67KB