Open Data in Financial Regulation: Better for Investors, Better for Agencies, Better for You
Until the last decade, federal financial regulatory agencies collected and published crucial industry information as documents, not data. Increasingly, however, financial agencies are switching to open data – searchable, standardized, and available for anyone to use. This transformation means investors have better access than ever before to information they need to inform decisions, in formats that allow it to be automatically analyzed. It means agencies can use modern technologies to enforce financial laws and spot potential risks. And it means our markets and economy are better protected. Not only are agencies like the Securities and Exchange Commission and Treasury’s Office of Financial Research working to standardize and publish financial regulatory reports as open data, but Congress is considering legislation, the Financial Transparency Act, to make open data the default way all nine major financial agencies do business. This session will explore the current progress in transforming U.S. financial regulation from documents into data and preview how current proposals promise to accelerate these possibilities even further.
Speaker: Matt Goulding, Legislative Assistant, Office of Congressman Darrell Issa
Speaker: Hudson Hollister, Founder, Executive Director, Data Transparency Coalition
Speaker: Daniel Castro, Director, Center for Data Innovation