Office of Financial Research: Difference between revisions

The '''Office of Financial Research''' ('''OFR''') is an independent bureau reporting to the [[United States Department of the Treasury]]. It was established by the [[Dodd–Frank Wall Street Reform and Consumer Protection Act]], whose passage in 2010 was a legislative response to the [[financial crisis of 2007–08]] and the subsequent [[Great Recession]].<ref name="WSOFP">{{cite web|url=https://www.wsj.com/articles/SB10001424052748703507804576130370862263258?mod=googlenews_wsj|title=Warning Shot On Financial Protection|access-date=2011-02-10|date=2011-02-09|work=[[The Wall Street Journal]]|author=Eaglesham, Jean|archive-date=2020-10-05|archive-url=https://web.archive.org/web/20201005194706/https://www.wsj.com/articles/SB10001424052748703507804576130370862263258?mod=googlenews_wsj|url-status=live}}{{subscription required}}</ref> The OFR is tasked with (1) collecting and standardizing data, (2) performing applied research and essential long-term research; and (3) developing risk measurement and monitoring tools.<ref>{{USBill|111|HR|4173}} § 152(a)</ref>  The OFR is also responsible for providing support to the [[Financial Stability Oversight Council]] (FSOC).