- The views in this paper/presentation are solely the responsibility of the author/s and should not be interpreted as reflecting the views of the Board.

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- The views in this paper/presentation are solely the responsibility of the author/s and should not be interpreted as reflecting the views of the Board of Governors of the Federal Reserve System or of any other person associated with the Federal Reserve System

Significant Volume of Data Collections and Validation (Annual Refreshes) Traditional / Static Reporting Interagency Collaboration, Streamlining Data Collections Well-Defined Business Processes (i.e., PRA – Paper Reduction Act, etc.) Information Security Standardized Reporting to Regulators For Effective Monitoring and Analysis

Comprehensive and Timely Aggregate Financial Data More-Targeted and Specialized Data Significant Changes to Business Processes to Respond to Changing Economic Environment Faster Data Availability Information Security

Ongoing Monitoring and Evaluation of New Data (Aggregate Data And More Specialized Data), and Analytical and Modeling Tools Improved Collaboration and Communication with Regulatory Agencies (New and Existing) Information Security Acceleration and Timeliness of Data Availability For A Wide Range of Financial Institutions, Markets, Instruments, and Transactions Detailed and Aggregate Data

“To improve both our consolidated supervision and our ability to identify potential risks to the financial system, we have made substantial changes to our supervisory framework. …we have adopted a more explicitly multidisciplinary approach, making use of the Federal Reserve's broad expertise in economics, financial markets, payment systems, and bank supervision. …we have begun an enhanced quantitative surveillance program for large bank holding companies that will use data analysis and formal modeling to help identify vulnerabilities at both the firm level and for the financial sector as a whole. This analysis will be supported by the collection of more timely, detailed, and consistent data from regulated firms..” Chairman Ben S. Bernanke. Causes of the Recent Financial and Economic Crisis. Before the Financial Crisis Inquiry Commission, Washington, D.C. September 2, 2010.

1)Federal Reserve Reports/Data Collections 2) Interagency Collaboration (FFIEC) 3)FFIEC Reports 4)Paper Reduction Act 5)Information Security 6) Chairman Ben Bernanke’s Speech 7)Changing Business Processes