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

Data Quality Still Troubling Private Market Investors: Webinar Review

Obtaining and managing data remains a sticking point for investors in private and alternative assets as financial institutions sink more of their capital into the markets. In a poll of viewers during a recent A-Team LIVE Data Management Insight webinar, respondents said the single-biggest challenge to managing private markets data was a lack of transparency...

EVENT

TradingTech Summit London

Now in its 15th year the TradingTech Summit London brings together the European trading technology capital markets industry and examines the latest changes and innovations in trading technology and explores how technology is being deployed to create an edge in sell side and buy side capital markets financial institutions.

GUIDE

Entity Data Management Handbook – Third Edition

Welcome to the third edition of the Entity Data Management Handbook which is available for free download. In this updated edition we delve into the role entity data plays in the smooth running of financial institutions and capital markets, the challenges of attaining high quality data, and various aspects, approaches and technologies involved in managing...