Functions and Firms: Using Activity and Entity-based Regulation to Strengthen the Financial System
Published: September 18, 2018
The OFR and the University of Michigan’s Center on Finance, Law, and Policy hosted this fourth annual Financial Stability Conference on November 15-16, 2018, at the Department of the Treasury in Washington, D.C.
During the past year, the U.S. Treasury Department has released a series of major reports on core principles for financial regulation, which signal a move toward an activities-based approach to financial stability risk monitoring and regulation. How should regulators pursue an activities-based approach to promoting financial stability? How can our regulatory structure adapt to this approach, particularly given the rise of financial technology and emerging financial products? For an activities-based approach to be effective and efficient, what kind of data do regulators need to be able to access? In addressing these challenges, what can we learn from other countries, industries, and academic disciplines?
During this two-day conference, regulators, policymakers, lawyers, economists, financial institutions, investors, financial technology companies, and experts on data science, cybersecurity, and finance addressed these questions.