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 NIF Functionality Would the NIF replace or supersede the government's current capabilities to collect and manage financial data, or would it supplement those capabilities?
Would the NIF replace or supersede the government's current capabilities to collect and manage financial data, or would it supplement those capabilities?  E-mail

The NIF would supplement and not supersede the government's existing capabilities, and would not affect the existing authority of regulatory agencies to collect and manage data. To support its mandate, the NIF would establish uniform data standards to assure the accuracy and comparability of the detailed financial data it collects. Financial regulatory agencies may benefit from the NIF's expertise and economies of scale by contracting with the NIF to handle data management tasks on their behalf.