Better Markets, a group that supports tougher financial regulation, recently rolled out a public resource designed to track and monitor financial regulators’ emergency actions in response to the crisis around the Covid-19 pandemic.
TRACER—the Tracker of Regulatory Agencies Coronavirus Emergency Responses—will keep a close watch on every coronavirus-related action taken by these federal regulators:
- Federal Reserve Board
- Securities and Exchange Commission (SEC)
- Commodity Futures Trading Commission (CFTC)
- Office of the Controller of the Currency (OCC)
- Federal Deposit Insurance Corporation (FDIC)
- Consumer Financial Protection Bureau (CFPB)
- Financial Stability Oversight Council (FSOC)
- U.S. Treasury Department
- Federal Financial Institutions Examination Council
The tracker is divided into four categories: banking, securities, derivatives, and consumer protection. For each regulatory action, it provides the date, a brief summary of the action, a link to the action, and its expiration date (if any), among other information.
“The scope, scale, and speed of the coronavirus-caused crisis has everyone struggling to keep up, including U.S. financial regulators, who are taking many simultaneous actions proactively and in response to industry requests and market developments,” Better Markets’ president and chief executive, Dennis Kelleher, said in a statement.
“While Better Markets supports efforts that help individuals and businesses impacted by the pandemic, we must remain vigilant to ensure that the financial regulatory actions are appropriate, targeted at and tailored to the emergency, and that every measure expires or is rescinded as soon as possible and, certainly, no later than when the crisis is over.”
Kelleher invited public additions or comments to help TRACER stay current, complete, and accurate as it tracks and monitors the sundry regulatory actions that are taking place almost daily. Better Markets created a dedicated email the public can use: firstname.lastname@example.org.