Developing the Best Practices for Regulatory Data Collections

Federal regulators can improve their methods of collecting data on the financial industry, according to an Office of Financial Research paper published Tuesday.

Agencies could adjust their practices so that data collection can be "smoother, more efficient, and less costly for themselves and the financial companies that report information to the authorities," according to a summary of the paper, which notes that the Financial Stability Oversight Council is increasing its use of collected data...Read More Here.

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