Committee to Establish the
 
National Institute of Finance
Providing the data and analytic tools needed to safeguard the U.S. financial system
Home FAQs: Role of the CE-NIF
FAQs - Role of the CE-NIF
Why was the NIF concept created?  E-mail
The concept of a National Institute of Finance was developed in response to the catastrophic breakdown in world financial markets in 2008. The members of the CE-NIF believe that preventing a recurrence of these events requires improvements in the data and analytic tools available to regulators.
 
What is the Committee to Establish the National Institute of Finance?  E-mail

The Committee to Establish the National Institute of Finance (CE-NIF) is a volunteer-led effort. Its goal is to see that financial regulators are provided with the data and analytic tools necessary to monitor systemic risks and safeguard the financial system.

 
Is your goal to use the NIF proposal to avoid more onerous regulation?  E-mail

No.  The NIF proposal is not intended to block other efforts at financial regulatory reform.  We believe that no matter how Congress reforms the authorities assigned to financial regulators, effective systemic risk monitoring and management will require the capabilities put forward in the NIF proposal.

 
Is this an industry-funded initiative? Do the members have a vested interest in seeing the NIF created?  E-mail

No. The CE-NIF is not an industry-funded initiative or front group. It was founded by a small group of academics and regulators who have no financial stake in seeing the NIF created. The Committee has invited members from the financial services and information technology industries with the chief goal of working together to create a healthier and more transparent financial system. Industry luminaries work alongside participants from governmental, academic, professional and international organizations.  Commercial interests do not own, control, or finance this initiative.

 
Who started this effort?  E-mail

The CE-NIF was founded by John Liechty and Arthur Small, professors at Penn State University; Allan Mendelowitz, Member and formerly Chair of the Federal Housing Finance Board; Mark Flood, an economist; and Mark Reesor of the University of Western Ontario.

 
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