Access to data is an established regulator tool; financial regulators already have extensive authority to collect granular data from regulated entities under the existing “safety and soundness” provisions of the law. Core supervisory and regulatory tasks—including institutional risk monitoring, examination support and detection of insider-trading—already require the examination of position-level information. The NIF would standardize these data reporting requirements, and would extend them to cover the growing number of shadow bank and other financial entities that are systemically important.