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| 19 Feb 2026 | |
| Written by Ashley Nelle-Davis | |
| Reports |
This paper explores the value of data standards, the barriers to broader implementation, the progress since the financial crisis, the potential for bipartisan support and industry-government cooperation, and the need for sustained attention to this issue. As described below, initiatives such as the Financial Data Transparency Act (FDTA), the Basel Committee on Banking Supervision’s BCBS 239 data standard, and the EU’s Digital Operational Resilience Act (DORA) provide a strong foundation for coordinated action to modernize the financial data infrastructure across agencies and market participants.
