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OFR Launches "Joint Analysis Data Environment" Platform to Help FSOC Assess Financial Risk

The Office of Financial Research ("OFR") launched the Joint Analysis Data Environment ("JADE") platform to help the Financial Stability Oversight Council ("FSOC") assess financial stability risks.

In its Release, OFR stated that JADE will provide FSOC members with "analysis-ready data, analytical software, and high-performance computing in a secure, cloud-based environment."

In a public statement, OFR Acting Director James Martin emphasized the importance of accurately assessing threats to the financial system, which he said can come from "multiple sources" and "do not adhere to regulatory boundaries." He said that JADE was designed initially to assess environment-related risks, but the platform was also intended to be "responsive to the evolving nature of risks to financial-stability."

Primary Sources

  1. OFR Press Release: Office of Financial Research Launches Joint Analysis Data Environment for FSOC
  2. OFR Statement, James Martin: Remarks by OFR Acting Director James Martin to the Financial Stability Oversight Council

Tags

Regulated Activities
Research
Regulated Entities
Regulatory Agencies
Body of Law
Banking Law
Jurisdiction
US - Federal
Organization
Research Agencies / Think Tanks / Academics
Sub-Author
OFR