The ACTUS Financial Research Foundation has been awarded a contract from the FDIC to participate in the Rapid Phased Prototyping competition that the FDIC is sponsoring. ACTUS will propose and demonstrate the means by which the FDIC can receive more timely and granular data regarding the financial contracts and counterparties on the balance sheets of their 4,700 member banks in order to anticipate, and mitigate, potential problems with member banks or the system as a whole in time for the FDIC to take effective action.
Read press release: https://www.fdic.gov/news/press-releases/2020/pr20109.html
