FINANCIAL TRANSPARENCY ACT

PROBLEMToo often U.S. financialregulators use documents, NOT STRUCTURED DATA,to collect information.

WHOM DOES THIS AFFECT?

INVESTORSCan’t retrieve actionable information

REGULATORSCan’t use data analytics

INDUSTRYSuffers increased compliance and reporting costs

REGULATORYDOCUMENTS

DATA STANDARDS ARE THE SOLUTION

COMMON IDENTIFIERSAllow the same company to be

matched across agencies and filings

COMMON FORMATSAllow information submittedto different agencies to be

electronically searched

TRADITIONALREGULATORYDOCUMENTS

DATA STANDARDS

FTA WILL MODERNIZE FINANCIAL REGULATION

STANDARDIZE PUBLISH

1 2

SEC(specifics next page)

FED CFTC NCUA CFPB FDIC OCC FHFA

REPORTINGREQUIREMENTS

NON-SECURITY-BASED

DERIVATIVES

CREDIT

UNIONS CONSUMER

FINANCIAL

DISCLOSURESBANKS

BANKS

BANKSFANNIE & FREDDIE

DATA STANDARDS

FOR PUBLIC COMPANIES

Stop collecting the same information twice

Quality enforcement

FINRA MSRB

SECURITIES AND EXCHANGE COMMISSION

EXCHANGES

DATA STANDARDS

SECURITIES-BASED

DERIVATIVES

PUBLIC COMPANY

DISCLOSURES

MUTUAL FUNDS

BROKER DEALERS

MUNICIPAL

SECURITIESINVESTMENT

ADVISERS

SEC SPECIFICS

Whenever a previous law requires financial information to be published, it should be

published as OPEN DATA.

SEC CFTC CFPB OCC

FED NCUA FDIC FHFA

PUBLISHING FINANCIAL INFORMATIONUNDER THE FTA

STANDARDIZE PUBLISH

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NO RESTRICTIONS.DOWNLOADABLE IN BULK.

READY TO USE.

Existing technologies can deliver these benefits once financial regulatory data isSTANDARDIZED AND PUBLISHED.

INVESTORSCan find and act

on up-to-date information

INDUSTRYCan report automatically

with software

REGULATORSCan use analytics and data searches to enforce the laws

GOOD DATA

AUTO REPORT

DATA QUERIES

BENEFITS

WHOM DOES THE FINANCIAL TRANSPARENCY ACT

BENEFIT?

The Data Transparency Coalition is the nation’s only open data trade association. Representing the private sector and the public interest, we support the publica-

tion of government information as standardized, machine-readable data.

Join us at datacoalition.org.

TRANSPARENCYCOALITION

DATA