Financial Data Summit 2017

Overview

The momentum for U.S. financial regulators to adopt transparent, standardized data across their reporting regimes is well underway. Reliance on disconnected documents means investors, industry and the regulators themselves lose out. The Data Coalition is waging a successful advocacy campaign to convince Congress and agencies that it is time to modernize!

Beyond standardizing data collections across U.S. financial regulatory agencies, we are building the case for the eventual adoption of Standard Business Reporting (SBR). SBR, currently unknown in the U.S., has been successfully adopted in countries like the Netherlands and Australia. In Australia alone SBR saves companies and agencies more than AUD $1.1 billion per year.

The Data Coalition’s third annual Financial Data Summit assembled supporters of this crucial transformation. As financial agencies move from plain-text documents to structured formats like XBRL, and embrace interoperable data fields such as the Legal Entity Identifier (LEI), they enable better transparency for investors, data-driven analytics for investigators, and cheaper compliance for industry. By reducing costs and stimulating innovation, data standards will drive growth.

The Financial Transparency Act, pending in Congress, will require regulators to adopt standardized fields and formats across all the information they collect.

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

Speakers

Justin Antonipillai

Former Counselor and Open Data Chief, Department of Commerce

Richard Berner

Director, Office of Financial Research (OFR), U.S. Treasury Department

Johan Bos-Beijer

Senior Advisor to the Inspector General, U.S. Navy

Ben Brown

Managing Director, Patomak Partners

Rachel Carpenter

Founder and CEO, Intrinio

Craig Clay

President, Donnelley Financial Solutions (DFIN)

John Collins

Vice President for International Policy, BAFT

Milan Dalal

Counsel, Senator Mark Warner (D-VA)

Robin Doyle

Managing Director, Office of Regulatory Affairs, J.P. Morgan Chase

Alan Deaton

Chief of the Data Strategy Section, Division of Insurance and Research, Federal Deposit Insurance Corporation

Karl Eiholzer

Director of Product Management, Municipal Securities Rulemaking Board

Paul Ferree

Data Analytics Product Director, Conference of State Bank Supervisors

Joseph French

Co-Founder, President and CFO, Intrinio

Ben Harney

Counsel, Congresswoman Carolyn Maloney

Christian Hoehner

Senior Director of Policy

Bob Fisher

Director of Financial Reporting, Washington Real Estate Investment Trust

Jo Guo

Head of Data Fundamentals, Morningstar

Geoff Harkness

Managing Director, MorganFranklin

Hudson Hollister

Founder and CEO, HData

Rob Hudson

e-forms, FERC

Emily Huang

Founder, idaciti

Bill Hulse

Legislative Assistant, Rep. Randy Hultgren

Congressman Randy Hultgren (R-IL-11)

U.S. House of Representatives

Congressman Darrell Issa

U.S House of Representatives

Marc Joffe

Director of Policy Research, California Policy Center

Howard Kaplan

Data Analyst, SEC

Mary Kopczynski

Founder and CEO, 8of9

Joe Kull

Director, PwC

Tommy Leander

Legislative Assistant, Rep. David Schweikert

Congresswoman Carolyn Maloney

U.S. House of Representatives

Daniel Meisner

Senior Director, Open Data and Ecosystems, Thomson Reuters

Gwendolyn Mitchell

Manager, Metadata and Taxonomy Operations, Federal Reserve

Rob Morgan

VP of Emerging Technologies, American Bankers Association

Bill Nichols

Senior Advisor, Information Architecture and Innovation, U.S. Treasury Department

Hicham Oudghiri

Co-founder and CEO, Enigma

Brian O’Shea

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

Bryce Pippert

Principal, Booz Allen Hamilton

Linda Powell

Chief Data Officer, Consumer Financial Protection Bureau

Alex Pollock

Distinguished Senior Fellow, R Street Institute

Tom Quaadman

Executive Vice President, U.S. Chamber Center for Capital Markets Competitiveness

Steve Ressler

Founder, GovLoop

Matt Rizai

Chairman and CEO, Workiva

Adam Roth*

Founder, AmpliFund

Donna Roy

Executive Director, Information Sharing and Services Office, Department of Homeland Security

Nick Sinai

Venture Partner, Insight Venture Partners

Mohini Singh

Director of Financial Reporting Policy, CFA Institute

Mike Starr

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

Sam Taussig

Head of Government Relations and Community Banking, Kabbage

Chris Taggart

Founder and CEO, OpenCorporates

John Truzzolino

Director of Business Development, Donnelley Financial Solutions

Yolanda Scott Weston

Managing Director/Principal, Booz Allen Hamilton

Mike Willis

Assistant Director, Division of Economic and Risk Analysis, SEC

Stephan Wolf

Chief Executive Officer, Global Legal Entity Identifier Foundation (GLEIF)

Venue

1331 Pennsylvania Avenue Northwest Washington, DC 20004

Agenda

Thursday, March 16 8:00 am	Registration and Breakfast
8:45 am	Welcome Hudson Hollister, Executive Director, Data Coalition Craig Clay, President, Global Capital Markets, Donnelley Financial Solutions Brian O’Shea, Senior Director, U.S. Chamber of Commerce Center for Capital Markets Competitiveness
9:00 am	Congressional Panel: Introducing the Financial Transparency Act Congressman Darrell Issa, U.S. House of Representatives (R-CA-49) Congresswoman Carolyn Maloney, U.S. House of Representatives (D-NY-12) Congressman Randy Hultgren, U.S. House of Representative (R-IL-11) Craig Clay, President, Global Capital Markets, Donnelley Financial Solutions (moderator)
10:00 am	Plenary Address: Modernizing Financial Regulation Alex Pollock, Distinguished Senior Fellow, R Street Institute Bryce Pippert, Principal, Booz Allen Hamilton (moderator)
10:15 am	Executive Keynote: Open Data Standards in Financial Regulation Richard Berner, Director, Office of Financial Research Bryce Pippert, Principal, Booz Allen Hamilton (moderator)
10:45 am	Networking Break Salon IV
11:15 am	Open Data Reporting in Action John Truzzolino, Director of Business Development, Donnelley Financial Solutions
11:30 am	Data Users Panel: From Open Data to Insights Emily Huang, Founder and CEO, idaciti Rachel Carpenter, Founder and CEO, Intrinio Alan Deaton, Acting Associate Director, Statistics Branch, FDIC Howard Kaplan, Data Analyst, SEC Hudson Hollister, Executive Director, Data Coalition (moderator)
12:00 pm	Plenary: Modernizing Global Regulation with the Legal Entity Identifier Stephan Wolf, CEO, Global LEI Foundation Steve Ressler, GovLoop (moderator)
12:30 pm	Lunch Matt Rizai, CEO, Workiva Hudson Hollister, Executive Director, Data Coalition Sponsored by Workiva
1:45 pm	Track 1: Government Salon I _ Plenary: A Hierarchy of Data Needs -Linda Powell, Chief Data Officer, CFPB -Yolanda Scott Weston, Principal, Booz Allen Hamilton (moderator)	Track 2: RegTech Salon II _ Plenary: How RegTech can Automate Reporting – Bob Fisher Director, Washington Real Estate Investment Trust – Adam Roth, CEO, StreamLink (moderator)	Track 3: Industry Salon III _ Plenary: Modernizing Regulation for Better Capital Markets -Tom Quaadman, Executive Vice President, U.S. Chamber of Commerce Center for Capital Markets Competitiveness – Geoff Harkness, Managing Director, MorganFranklin (moderator)
2:15 pm	Agency Panel: Internal Value from Open Data -Bill Nichols, Senior Advisor, Information Architecture and Innovation, U.S. Treasury -Rob Hudson, Project Lead, eForms, Federal Energy Regulatory Commission -Gwen Mitchell, Manager, Metadata and Taxonomy Operations, Federal Reserve -Paul Ferree, Data Analytics Product Director, Conference of State Bank Supervisors -Karl Eiholzer, Director of Product Management, Municipal Securities Rulemaking Board -Johan Bos-Beijer, Senior Advisor to the Inspector General, U.S. Navy (moderator)	Emerging Technology Panel: RegTech and Reform -John Collins, Vice President, International Policy, BAFT -Donna Roy,Executive Director, Information Sharing and Services Office, Department of Homeland Security -Marc Joffe, Director of Policy Research, California Policy Center -Mike Willis, Assistant Director, Office of Structured Disclosure, SEC – Jo Guo, Head of Data Fundamentals, Morningstar -Joe Kull Director, PwC (moderator)	Industry Panel: Open Data to Reduce Compliance Costs -Rob Morgan, Vice President of Emerging Technologies, American Bankers Association -Robin Doyle, Managing Director, Office of Regulatory Affairs, JP Morgan -Mohini Singh, Director of Financial Reporting Policy, CFA Institute -Ben Brown, Managing Director, Patomak Partners -Dan Meisner, Senior Director, Head of Open Data and Ecosystems, Thomson Reuters (moderator)
2:45 pm	Networking Break Salon IV
3:30 pm	Congressional Staff Panel: Reforms to Modernize Financial Regulation (off the record) Salon I – -Milan Dalal, Counsel, Senator Mark Warner (D-VA) -Bill Hulse, Congressman Randy Hultgren (R-IL-14) -Ben Harney, Congresswoman Carolyn Maloney (D-NY-14) -Tommy Leander, Congressman David Schweikert (R-AZ-6) -Christian Hoehner, Policy Director, Data Coalition (moderator) Sponsored by RDG Filings	RegTech Showcase: How Open Data Empowers New and Innovative Business Models Salon II – -Joey French, Co-Founder and President, Intrinio -Mary Kopczynski, Founder and CEO, 8of9 -Sam Taussig, Head of Government Relations and Community Banking, Kabbage -Chris Taggart, Founder and CEO, OpenCorporates -Hicham Oudghiri, Co-founder and CEO, Enigma -Nick Sinai, Partner, Insight Venture Partners (moderator)
4:15 pm	Closing Keynote: Delivering Open Data for Innovative Uses Salon IV Justin Antonipillai, former Senior Advisor, U.S. Department of Commerce Mike Starr, Vice President of Government and Regulatory Affairs (moderator)
5:00 pm	Closing Remarks Salon IV Hudson Hollister, Data Coalition John Truzzolino, Director of Business Development, Donnelley Financial Solutions

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