The Office of Financial Research (OFR) delivered a report, Asset Management and Financial Stability, to the Financial Stability Oversight Council (FSOC) on ways that activities in the asset management industry could pose risks to the financial stability of the U.S. by creating, amplifying, or transmitting stress through the financial system.
The OFR is an Office within Treasury established by Congress to serve the FSOC and its member agencies. The establishment of FSOC was mandated by the Dodd-Frank Act to monitor the stability of the nation’s financial system.
The OFR studied the activities of asset management firms and funds at the request of the FSOC.
Read the report.