Committee to Establish the
 
National Institute of Finance 		Providing the data and analytic tools needed to safeguard the U.S. financial system
Home FAQs: NIF's data needs Breadth How will the NIF handle transactions involving non-U.S. institutions?
How will the NIF handle transactions involving non-U.S. institutions?  E-mail
Data will be required from U.S.-based financial institutions and their foreign affiliates. In addition, foreign institutions would be required to report on transactions conducted in the U.S.
Examples:
  • Morgan Stanley (U.S.) and Barclays (European) trading in London, will be captured.
  • Morgan Stanley - U.K. (foreign subsidiary of U.S. firm) and Barclays (European) trading in London, will be captured.
  • Barclays (European) and Paribas (European) trading in New York, will be captured.
  • Barclays (European) and Paribas (European) trading in London, capture will not be required.

We recommend that the system be established in the U.S. first, before considering negotiations to expand the system internationally.

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