NEW YORK - The Office of Financial Research , a U.S. Treasury Department-based research powerhouse, said on Monday it has adopted a final rule that will allow it to collect data on certain transactions in the repurchase agreement market.
"The collected data will be used to support the work of the Financial Stability Oversight Council, its member agencies, and the OFR to identify and monitor risks to financial stability," the OFR said in a statement. The rule, which becomes effective 60 days from Monday's publication, establishes two categories of companies subject to reporting, a timeline for the submission of data and a number of specific data elements required to be reported.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: