We know here in Financial Regulation Matters that there were a number of initiatives set up in the wake of the Financial Crisis, with all of them theoretically designed to guard against a crisis of similar, or even worse proportions. Some have been somewhat of a success, and others less so, but recently the Trump administration took aim at an agency which is purposely designed to guard against another crisis by providing cutting-edge research to regulators. In this post we will examine the Office of Financial Research (OFR) and the news that the agency will soon be experiencing even more job cuts, alongside a further depletion of its resources. The question will be whether this constitutes just the latest in a string of events which suggest the onset of ‘ regulatory amnesia ’, or the culling of an agency that sounds good in theory, but could never have been effectual in the real world. As part of the many reforms brought forward by the Dodd Franck Act of 2010, the Office of Fin...