Office of Financial Institutions Policy
The Office of Financial Institutions Policy (OFIP) develops, analyzes, and coordinates the Department of the Treasury’s policies on legislative and regulatory issues affecting financial institutions, including depository institutions, insurance companies, government sponsored enterprises, securities firms, finance companies, mutual funds, and all other regulated and unregulated financial intermediaries. The Office’s principal focus is on issues dealing with safety and soundness, market structure, condition, and competitiveness, and regulatory structure.
The Office of Financial Institutions Policy is led by the Deputy Assistant Secretary for Financial Institutions Policy.
Within the Office of Financial Institutions Policy are:
- The Terrorism Risk Insurance Program (TRIP), led by the Executive Director of the Terrorism Risk Insurance Program
- The TRIP is a system of shared public and private compensation for insured losses resulting from acts of terrorism.
- The Community Development Financial Institutions Fund (CDFI Fund), led by the Director of the Community Development Financial Institutions Fund
- The CDFI Fund is responsible for expanding the capacity of financial institutions to provide credit, capital, and financial services to underserved populations and communities in the United States.
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