Published: February 19, 2015
This strategic plan is a blueprint for the work the Office of Financial Research will undertake during the next five years. The plan is based on the requirements for the Office in the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010. The strategic goals, objectives and strategies to achieve the requirements are consistent with those statutory requirements. This plan will ground the decisions we make about resources needed to implement those strategies — such as information technology and workforce — in a strong and flexible framework that keeps us on course, but allows for corrections. The plan will help us continually monitor our performance and identify successes and areas for improvement.
This plan is also the principal vehicle we use to inform our stakeholders about the overarching framework for our plans for data and analysis, data standardization, research, and how we will realize success. It forms the basis for the OFR to be held accountable and be transparent. It complements our annual reports, our reports on human capital planning, the results of our initiatives published on our website and in professional journals, and our presentations.
This plan is flexible to accommodate financial innovation, evolving financial business models, changing circumstances, and the need to look across the financial environment for the data needed to spot these changing trends. The plan also accommodates our mandate to reach out to members of the Financial Stability Oversight Council (FSOC), industry practitioners, and international regulatory agencies to collaborate on projects and initiatives to help advance the study and the measurement of potential risks to financial stability.