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 7 covered financial regulatory agencies now have two years to issue a joint rule establishing common identifiers.
Join experts on the FDTA and the Data Coalition Initiative for a discussion about the provisions of this legislation and what the implementation process will look like. Speakers will highlight potential challenges to full FDTA implementation and discuss strategies for supporting regulators as they modernize financial regulatory data.