Financial Data Transparency: 2022 Forum Compendium

Introduction

The Data Foundation’s 2022 Financial Data Transparency Forum provided an opportunity for stakeholders representing financial
institutions, the data community, and academia to offer actionable and practical feedback on how to improve data management
strategies across federal financial regulatory and oversight agencies. The forum was designed using a stakeholder feedback model that
supported the creation of the Federal Data Strategy and the accompanying Action Plans for 2020 and 2021. The Open Data Standards
Task Force co-hosted the public forum with the support of the Data Foundation.

The following themes and recommendations emerged during the forum as stakeholders considered how to best improve data quality and
use, literacy, and transparency in partnership with financial regulatory agencies:

• Establish a shared understanding of data definitions, common data standards, and formats
• Empower staff to make data-informed decisions by investing in agency-wide data literacy
• Identify and prioritize data management best practices
• Approach data demands with existing and emerging technologies
• Commit to transparency and good governance

The forum featured 17 speakers who offered insights and recommendations about how to improve data governance and use.

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