Recording



The recently enacted bipartisan Financial Data Transparency Act (FDTA) amends securities and banking laws to make information reported to financial regulators electronically searchable and enable the development of regulatory technologies and artificial intelligence applications. The ultimate goal of the law is to harmonize and reduce the private sector’s regulatory compliance burden while enhancing transparency and accountability. The seven covered financial regulatory agencies now have two years to issue a joint rule establishing common identifiers.

On January 19, 2023, Data Foundation President Nick Hart and Policy Director Corinna Turbes joined the Data Coalition Initiative and discussed the provisions of the law and what the implementation process will look like. They highlighted potential challenges to full FDTA implementation and discussed how the data community can support regulators as they modernize financial regulatory data.

Speakers

  • Corinna Turbes, Policy Director, Data Foundation
  • Nick Hart, Ph.D., President, Data Foundation