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1 Jul 2024 | |
Past Events |
Note: This recording primarily consists of audio from forum presentations and discussions. We will make text and other resources available soon.
The Data Foundation, in partnership with DFIN, convened a half-day public forum, FDTA Forum 2024: Defining Success, featuring a broad base of substantive comments and discussions leading into the public comment period.
During the forum, speakers and attendees addressed aspects of nuance surrounding the development of cross-agency data standards and what successful implementation could mean for financial regulatory compliance, transparency, and data quality as we anticipate the release of the expected proposed joint rule.
The Forum featured a special guest fireside chat with Rebecca Alcorn, former senior policy advisor for Senator Mike Crapo and currently Director at Mindset, and a panel discussion focused on developing and managing data standards.
After the fireside chat, we transitioned to a public forum featuring speakers who addressed fundamental questions around the success of the Financial Data Transparency Act and the proposed rule on data standards, building on emerging dialogues over the past year.
The afternoon event convened virtually and at the Open Gov Hub in Washington, D.C., Thursday, June 27, 2024
The Financial Data Transparency Act (FDTA) amends securities and banking laws to make the information reported to financial regulators electronically searchable and to further enable the development of regulatory technologies and artificial intelligence applications. The ultimate goal is to harmonize reporting requirements, reduce the private sector’s regulatory compliance burden, and enhance transparency and accountability. The covered financial regulatory agencies have two years from the date of enactment to issue a joint rulemaking. The deadline for the proposed joint rule publication is 18 months after enactment (late June 2024) followed by a public comment period.
1:00 p.m. Opening Remarks
1:15 p.m. Fireside Chat, "The Legislative Journey of the FDTA"
1:35 p.m. Panel Discussion: Best Practices & Lesson Learned from Applying Data Standards
2:05 p.m. Preview of Resources (Playbook) “FDTA Public Comments: A Playbook” – How it works and why it’s important for all stakeholders to engage in the review and commenting process
2:10 p.m. Public Forum
Virtual Speakers
3:15 p.m. Closing Remarks
3:25 p.m. Event Concludes
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