In addition, the Dodd-Frank Act mandated the establishment of the Office of Financial Research in order to help promote financial stability through the measurement and analysis of risks, the conduct of essential research, and the collection and standardization of financial data. Data collection has begun for hedge funds and progress is being made in collecting data on repurchase agreements and securities lending.
Nevertheless, some nonbank firms and activities – including concerning the volume and uses of derivatives – are still opaque. To sum up, much has been done to strengthen prudential regulation and supervision of the nonbank financial system, but more will need to be done.