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Keeping Pace With Data Collections In A Rapidly Changing Environment

Keeping Pace With Data Collections In A Rapidly Changing Environment. Michael Kraemer Banking Supervision and Regulation Federal Reserve Board. Disclaimer.

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Keeping Pace With Data Collections In A Rapidly Changing Environment

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  1. Keeping Pace With Data Collections In A Rapidly Changing Environment Michael Kraemer Banking Supervision and Regulation Federal Reserve Board

  2. Disclaimer - The views in this paper/presentation are solely the responsibility of the author/s and should not be interpreted as reflecting the views of the Board of Governors of the Federal Reserve System or of any other person associated with the Federal Reserve System

  3. The Road of Data Collections: Pre Crisis

  4. The Road of Data Collections:Crisis

  5. The Road of Data Collections: PostCrisis

  6. The Road of Data Collections: PostCrisis “To improve both our consolidated supervision and our ability to identify potential risks to the financial system, we have made substantial changes to our supervisory framework. …we have adopted a more explicitly multidisciplinary approach, making use of the Federal Reserve's broad expertise in economics, financial markets, payment systems, and bank supervision. …we have begun an enhanced quantitative surveillance program for large bank holding companies that will use data analysis and formal modeling to help identify vulnerabilities at both the firm level and for the financial sector as a whole. This analysis will be supported by the collection of more timely, detailed, and consistent data from regulated firms..” Chairman Ben S. Bernanke. Causes of the Recent Financial and Economic Crisis. Before the Financial Crisis Inquiry Commission, Washington, D.C. September 2, 2010.

  7. Additional Reading 1)Federal Reserve Reports/Data Collections http://www.federalreserve.gov/reportforms/default.cfm 2) Interagency Collaboration (FFIEC) http://www.federalreserve.gov/GeneralInfo/foia/egov/itstrategicplan/itstrategicplan2007-2010.pdf http://www.ffiec.gov/ • FFIEC Reports http://www.federalreserve.gov/reportforms/CategoryIndex.cfm?WhichCategory=3 • Paper Reduction Act http://www.federalreserve.gov/reportforms/formsreview/RegKK_20110622_omb.pdf • Information Security http://www.federalreserve.gov/bankinforeg/interagencyguidelines.htm 6) Chairman Ben Bernanke’s Speech http://www.federalreserve.gov/newsevents/speech/bernanke20110505a.pdf • Changing Business Processes http://www.federalreserve.gov/newsevents/press/bcreg/bcreg20110318a1.pdf

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