#datatransparency in financial regulation  2
Channel: freemansullivan
Date: 2014-03-18

Join the Data Transparency Coalition and PwC for breakfast on March 18th to explore Data Transparency in Financial Regulation! We'll feature the leaders who are seeking to transform financial regulatory reporting from old-fashioned documents into open, structured data. The U.S. financial sector is changing. Throughout corporate disclosure, derivatives reporting, banking regulation, and market supervision, structured data is replacing documents.


The Legal Entity Identifier (LEI), once it is in use by all regulators, will allow disclosures to separate agencies to be searched together. The eXtensible Business Reporting Language (XBRL), once it has been fully deployed by the SEC, will open financial performance to Big Data analytics. The CFTC is pursuing a standard taxonomy for reporting by swap data repositories. All of these changes promise better enforcement of existing laws and regulations, more transparency for investors, smoother compliance for the industry--and opportunities for innovators in the tech sector.


Join us on March 18th to meet these leaders in data transparency.


Remarks by:
Commissioner Scott O'Malia, Commodity Futures Trading Commission
Commissioner Michael Piwowar, Securities and Exchange Commission



Data Transparency Panel:
Matt Reed, chief counsel, Office of Financial Research, Department of the Treasury
Scott Bauguess, deputy director, Division of Economic and Risk Analysis, SEC
Jonathan Sokobin, chief economist, FINRA
Srinivas Bangarbale, chief data officer, CFTC