Financial Research Advisory Committee

This committee provides advice to the OFR, bringing diverse perspectives to inform the OFR's research-and-data agendas and helping the OFR to fulfill its mission. The committee is helping the OFR develop and employ best practices for data management, data standards, and research methodologies.

Committee Information

Committee Meetings

May 18, 2023 meeting of the Financial Research Advisory Committee

The twenty-first meeting of the Financial Research Advisory Committee, hybrid meeting, included discussions of Financial-Stability Monitors, Risk in the Banking Sector and Risk from Nonbank Financial Institutions.

November 8, 2022 meeting of the Financial Research Advisory Committee

The twentieth meeting of the Financial Research Advisory Committee, held virtually, included discussions of digital assets, decentralized finance, and inflation.

April 7, 2022 meeting of the Financial Research Advisory Committee

The nineteenth meeting of the Financial Research Advisory Committee, held virtually, included discussions of uncleared bilateral repurchase agreement data and digital assets.

September 29, 2021 meeting of the Financial Research Advisory Committee

The eighteenth meeting of the Financial Research Advisory Committee, held virtually, included discussions of counterparty risk, cybersecurity, and alternative reference rates.

April 28, 2021 meeting of the Financial Research Advisory Committee

The seventeenth meeting of the Financial Research Advisory Committee, held virtually, included discussions of interest rates, inflation, and the potential effects of climate change on financial stability.

July 16, 2020 meeting of the Financial Research Advisory Committee

The sixteenth meeting of the Financial Research Advisory Committee, held virtually, included discussions of passive investing, and basis trades and Treasury market illiquidity.

February 27, 2020 meeting of the Financial Research Advisory Committee

The fifteenth meeting of the Financial Research Advisory Committee, held in the Cash Room at main Treasury, included discussions of capital adequacy and financial transparency. The next Advisory Committee meeting is expected to take place on July 16, 2020 in the Federal Reserve Bank of New York’s Maiden Lane building.

July 11, 2019 meeting of the Financial Research Advisory Committee

The fourteenth meeting of the Financial Research Advisory Committee, held in the Benjamin Strong Room at the Federal Reserve Bank of New York, included the delivery of Advisory Committee Working Group reports on leveraged lending as well as the transition from LIBOR to SOFR. The Advisory Committee announced that its next meeting will take place on February 27, 2020 in the Cash Room at the U.S. Department of the Treasury.

February 28, 2019 meeting of the Financial Research Advisory Committee

The thirteenth meeting of the committee, held in the Cash Room at main Treasury, included the delivery of Advisory Committee Working Group reports on regulatory reporting, central counterparty resolution, and market liquidity. Two new charges were issued on transitioning from LIBOR to SOFR and on leveraged lending. The Advisory Committee announced that its next meeting will take place on July 11, 2019 in the Benjamin Strong Room at the Federal Reserve Bank of New York.

July 26, 2018 meeting of the Financial Research Advisory Committee

The twelfth meeting of the committee, held in the Benjamin Strong Room at the Federal Reserve Bank of New York, included discussions led by committee working groups on central counterparty resolution, market liquidity, and regulatory reporting. Also, the OFR gave updates on the Legal Entity Identifier and its notice of proposed rulemaking to establish a data collection covering centrally cleared funding transactions in the U.S. repurchase agreement, or repo, market.

February 15, 2018 meeting of the Financial Research Advisory Committee

The eleventh meeting of the committee, held in the Cash Room at main Treasury, included feedback on Treasury reports responding to the Presidential Executive Order on Core Principles for Regulating the United States Financial System.

July 20, 2017 meeting of the Financial Research Advisory Committee

The tenth meeting of the committee, held in the Benjamin Strong Room at the Federal Reserve Bank of New York, included discussions of the OFR’s monitoring efforts and Financial Stability Monitor, the OFR Financial Stress Index, Legal Entity Identifier adoption, cybersecurity and financial stability, and updates from a committee working group.

February 23, 2017 meeting of the Financial Research Advisory Committee

The ninth meeting of the committee, held in the historic Cash Room at main Treasury, included discussions of financial stability risks, the OFR initiative to develop a financial instrument reference database, adoption of the Legal Entity Identifier, and the agendas of two OFR programs.

July 28, 2016 meeting of the Financial Research Advisory Committee

The eighth meeting of the committee, in the Benjamin Strong Room at the Federal Reserve Bank of New York, includes discussion topics about the OFR's latest financial stability assessment, shadow banking, the research agenda of the OFR stress testing program, and projects of the OFR’s data programs.

February 25, 2016 meeting of the Financial Research Advisory Committee

The seventh meeting of the committee, held in the historic Cash Room at main Treasury, included discussion topics about OFR programs on monitors, central counterparties, data scope, data quality, data accessibility, stress testing, market structure, and risks in financial institutions.

July 23, 2015 meeting of the Financial Research Advisory Committee

The sixth meeting of the committee, held in the historic main Treasury Cash Room, will include committee recommendations and discussion topics on stress testing, data collection, data sharing, and analyzing operational risks.

February 24, 2015 meeting of the Financial Research Advisory Committee

The fifth meeting of the Financial Research Advisory Committee included reports on OFR progress on prior committee recommendations, current activities of the OFR, reports from subcommittees, and committee recommendations.

July 24, 2014 meeting of the Financial Research Advisory Committee

The fourth meeting of the Financial Research Advisory Committee included discussions on the topics of metrics needed to measure the swaps market, and liquidity and market impact during stress events.

February 25, 2014 meeting of the Financial Research Advisory Committee

The third meeting of the Financial Research Advisory Committee included discussions on the topics OFR Financial Stability Monitor, and Swap Data Repository and Data Standards.

August 1, 2013 meeting of the Financial Research Advisory Committee

The second meeting of the Financial Research Advisory Committee included OFR senior managers' presentations on the activities of the OFR, subcommittee reports to the committee, and committee recommendations.

December 5, 2012 meeting of the Financial Research Advisory Committee

The inaugural meeting of the Financial Research Advisory Committee included introductions of committee members, an overview of the committee, OFR updates, and other topics of discussion.