
The Financial Transparency Act: What it Means for Financial Regulatory Compliance

The Financial Transparency Act, proposed in Congress in May 2015, could transform the business and practice of financial regulatory compliance. The Act requires all eight U.S. financial regulatory agencies to adopt common data fields and formats for the...
The Financial Transparency Act, proposed in Congress in May 2015, could transform the business and practice of financial regulatory compliance. The Act requires all eight U.S. financial regulatory agencies to adopt common data fields and formats for the information they collect. Common data standards will allow commercial software tools to automatically produce the reports that must be compiled, filed, and submitted by entities regulated by these agencies. For public companies, banks, financial firms, and derivatives users, the Financial Transparency Act offers the promise of cheaper, automated compliance – if it is passed by Congress and implemented by the eight agencies.
Presenter:
Hudson Hollister, Executive Director, Data Transparency Coalition
Learning Objectives:
Information & Billing:
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