Financial Data Summit 2016

Event Info
Event Wrap Up

Overview

U.S. financial regulatory agencies have only just begun to modernize the information they collect from disconnected documents into transparent, standardized data. The Data Coalition’s second annual Financial Data Summit brought together supporters of this crucial transformation. As financial agencies move from plain-text documents to open formats like XBRL, and embrace interoperable data fields such as the Legal Entity Identifier (LEI) across multiple reporting requirements, they enable better transparency for investors, data-driven analytics for investigators, and cheaper compliance for the industry. By reducing costs and stimulating innovation, data standards will drive growth.

The proposed Financial Transparency Act (H.R. 2477) will require financial agencies to adopt standardized fields and formats across all the information they collect. But some agencies are choosing to modernize their reporting requirements even in advance of a legal requirement.

The Financial Data Summit is Washington’s only policymaker gathering focused on the transformation of financial regulatory reporting into transparent data. Speakers included federal agency leaders; Congressional supporters of data transparency; and financial and technology industry leaders.

Speakers

Lewis Alexander

Chief U.S. Economist, Nomura (via video chat)

Srinivas Bangarbale

Chief Data Officer, CFTC

John Bartlett

Founder, FundHive

Scott Bauguess

Assistant Director, Division of Economic and Risk Analysis, SEC

Ami Beers

Senior Technical Manager, American Institute of CPAs

Richard Berner

Director, Office of Financial Research, Treasury Department

David Blaszkowsky

Head of Data Governance, State Street Bank (former)

Jay Brown

Investor Advisory Committee, SEC

Craig Clay

President, Donnelley Financial Solutions (DFIN)

Milan Dalal

Senior Economic Advisor, Sen. Mark Warner

Alan Deaton

Acting Associate Director, Statistics Branch, FDIC

Karel Engelen

Global Head of Technology Solutions, International Swaps and Derivatives Association

Roger Fahy

Vice President, Chief Operating Officer, CUSIP Global Services

Pranav Ghai

Founder, Calcbench

Andres Gil

Director, Center for Capital Markets, U.S. Chamber of Commerce

Danny Goroff

Program Director, Sloan Foundation

Hudson Hollister

Founder, HData

Emily Huang

Founder, idaciti

Marc Joffe

Director, Center for Municipal Finance

Nicole Johnson

Govloop

David LeDuc

Policy Director, SIIA

Tim Lind

Global Head of Financial Regulatory Solutions, Thomson Reuters

Ari Marcus

Managing Director, Citi

Daniel Meisner

Head of Open Data, Thomson Reuters

Hon. Allan Mendelowitz

President, ACTUS Financial Research Foundation

Chris Merchant

Partner, PwC

Gwendolyn Mitchell

Manager, Metadata and Taxonomy Operations, Federal Reserve

Sasha Moss

Policy Counsel, Rep. Blake Farenthold

Bryce Pippert

Principal, Booz Allen Hamilton

Linda Powell

Chief Data Officer, CFPB

Rich Robinson

Open Symbology Manager, Bloomberg

Mary Kay Scucci

Managing Director, SIFMA

Mike Starr

Chairman Data Coalition Board Member and Vice President, Governmental and Regulatory Affairs, Workiva

Justin Stekervetz

Associate Director of Strategy and Standards, Office of Financial Research, Treasury Department

Carol Wayman

Legislative Director, Rep. Ellison

Mike Willis