The Federal Reserve is exploring how to develop analytically sophisticated measures of leverage and better measures of maturity transformation from information that we can collect from the supervised firms in the supervisory process and from other available data and analysis.
The work for which the Board has mostly been known has focused on addressing problems or distortions in individual systems, albeit with knowledge that these distortions had significant effects on other parts of the system. The solutions have tended to be focused on the rules of those systems.