The Financial Transparency Act will be an extremely important piece of legislation for investors and regulators. Find out more about how it will modernize financial data and prepare the industry for the 21st century.
The road to open federal spending data has been a long one. And progress is still being made. GovLoop talked to Hudson Hollister, Executive Director at the Data Coalition, about agency implementation and the upcoming DATA Act Summit on May 26 in Washington, DC.
On April 13, key Congressional oversight leaders gathered to check on the health of the DATA Act. Their prognosis? Good, but not out of the woods yet. The joint oversight hearing brought officials from the White House Office of Management and Budget (OMB), the Treasury Department, the Department of Health and Human Services (HHS), andRead… Read more »
This week, GovLoop’s very own Nicole Blake Johnson moderated a panel discussion at the Data Coalition’s Financial Data Summit in Washington, D.C. The esteemed panelists included: Srinivas Bangarbale, Chief Data Officer, Commodity Futures Trading Commission Gwendolyn Mitchell, Manager, Metadata and Taxonomy Operations, Federal Reserve Justin Stekervetz, Associate Director of Strategy and Standards, Office of FinancialRead… Read more »
The proposed Financial Transparency Act brings about a lot of questions. How exactly will it transform financial regulation? The video below explains how: Most financial regulatory agencies still use outdated document-based formats, instead of standardized, open data, to collect information from the financial industry. The Financial Transparency Act (H.R. 2477), introduced by Rep. Darrell Issa andRead… Read more »
Currently, there is no electronic way to aggregate all the information that a company reports to the government — even if the information is publicly available. But the rise of legal entity identifiers (LEI) could change that and transform financial regulation for the U.S. government and around the world.
You’ve probably heard something about the DATA Act, the first U.S. open data law that requires all federal agencies to standardize and publish their spending reports. However, do you know how that Act came about? More importantly, do you know how and when it will be achieved? Below we offer a brief timeline to offerRead… Read more »
The Digital Accountability and Transparency Act, or simply the DATA Act, is tranforming the way federal spending is reported, managed and disclosed. Are you ready? Once signed byPresident Obama on May 9, 2014, the DATA Act became the first federal law to mandate standardized data transparency. It requires the entire federal government to publish to adopt a consistent dataRead… Read more »