About a-team Marketing Services
The knowledge platform for the financial technology industry
The knowledge platform for the financial technology industry

A-Team Insight Blogs

US Senate Names Former Morgan Stanley Economist Berner as OFR Director

Subscribe to our newsletter

The US Senate has named former Morgan Stanley executive Richard Berner as the first director of the Office of Financial Research (OFR). The OFR was set up under the Dodd-Frank legislation within the US Treasury Department and charged with tasks such as the development of a global legal entity identifier (LEI) system that will improve the quality and transparency of financial data, and provide greater understanding of any threats to financial stability.

Berner has served as counsellor to the Secretary of the Treasury since April 2011 and in this role helped to set up the OFR, which supports the work of the Financial Stability Oversight Council, a body of regulators that was also created by Dodd-Frank. Before moving to the treasury, Berner was a managing director, co-head of global economics and chief US economist at Morgan Stanley.

Commenting on Berner’s appointment to director of the OFR, Secretary of the Treasury Tim Geithner, says: “Dick has been instrumental in treasury efforts to stand up the OFR and enhance our understanding of risk across the financial system. His dedication and creativity have helped lay the groundwork for the office to fulfil its essential role in support of Wall Street reform, including improving financial data and serving the Financial Stability Oversight Council.”

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: Sponsored by FundGuard: NAV Resilience Under DORA, A Year of Lessons Learned

The EU’s Digital Operational Resilience Act (DORA) came into force a year ago, and is reshaping how asset managers, asset owners and fund service providers think about operational risk. While DORA’s focus is squarely on ICT resilience and third-party dependencies, its implications extend deep into core operational processes that are critical to market integrity, investor...

BLOG

Redefining Digital Regulatory Reporting with CDM & DRR

Regulatory reporting is evolving from static data submissions to dynamic, process-driven compliance. At the core of this shift are the Common Domain Model (CDM) and Digital Regulatory Reporting (DRR), which together define a shared, machine-executable framework for how financial transactions are represented and reported. By standardising both data and process, they enable a consistent interpretation...

EVENT

Eagle Alpha Alternative Data Conference, Spring, New York, hosted by A-Team Group

Now in its 9th year, the Eagle Alpha Alternative Data Conference managed by A-Team Group, is the premier content forum and networking event for investment firms and hedge funds.

GUIDE

Regulatory Data Handbook – Fifth Edition

In response to the popularity of the A-Team Regulatory Data Handbook, we have published a fifth edition outlining the essentials of regulations that are likely to have an impact on data and data management at your organisation. New to this edition is a section on RegTech, covering drivers behind the development of innovative regulatory technology,...