OFR Tackles Repo-Market Data Transparency

As pressed by the FSOC (see Client Report FSOC28), OFR today released a sweeping proposal to gather daily data on the uncleared bilateral repo market.  The proposal follows a data-collection pilot that leads OFR now to detail 33 daily reporting items that would be collected from the forty largest bank and nonbank primary dealers in this systemic-critical sector.

OCC Reiterates Long Term Principles

The OCC today published its 2022 Annual Report, revealing little of its priorities for 2023.  It does, however, reiterate long-term goals laid out by Acting Comptroller Hsu, including guarding against complacency, addressing inequality, adapting to digitalization, and managing climate risk.