The Financial Data Transparency Act (FDTA) requires Treasury Department and seven of the federal financial regulators to make financial data more accessible and standardized for public use. This document, published by Deloitte, provides guidance on implementing the FDTA, emphasizing the need for common identifiers, machine-readable open data standards, and interoperability across agencies. It outlines the impact on regulatory reporting, the importance of industry consultation in rulemaking, and the anticipated benefits such as reduced regulatory burden and enhanced data quality. The document also highlights the importance of aligning with government-wide open data policies and the role of technology in improving regulatory processes.

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