Press Release

Financial Regulators to Headline Breakfast on Data Transparency in Financial Regulation


The Data Transparency Coalition will host a breakfast on “Data Transparency in Financial Regulation” from 7:30 to 9:00 am EDT on Tuesday, March 18, 2014. The second installment of the Data Transparency Breakfast series, sponsored by PwC, will feature leaders who are seeking to transition financial regulatory reporting away from an inefficient and unreliable document-based system and toward open, structured data.

The breakfast will feature remarks by Commissioner Scott O’Malia of the Commodity Futures Trading Commission (CFTC) and Commissioner Michael Piwowar of the Securities and Exchange Commission (SEC). A panel will convene representatives from the U.S. Treasury Department, the Federal Deposit Insurance Corporation (FDIC), and the Financial Industry Regulatory Authority (FINRA).

The breakfast coincides with major developments in the government-wide transition from documents to data. The U.S. Senate is preparing to approve a version of the Digital Accountability and Transparency Act (DATA Act). The DATA Act, which passed the House of Representatives 388-1 in November 2013, will mandate the adoption of data standards and comprehensive publication for federal spending information. The Data Transparency Breakfast speakers are leading the same transformation in financial regulation.

The first Data Transparency Breakfast, which took place on December 5, drew nearly 100 attendees from across the private and public sectors. Registration for the March 18 breakfast is now open at DataTransparencyBreakfast.eventbrite.com. Discounts are available for students and non-profit representatives. Admission is free for government employees. Members of the media may contact zack.pesavento@datacoalition.org for complimentary press passes.

WHO: Michael Piwowar, SEC Commissioner; Scott O’Malia, CFTC Commissioner; Matt Reed, Chief Counsel, Office of Financial Research, Department of the Treasury; Mark Montoya, Chief of Data Strategy, FDIC; Jonathan Sokobin, Chief Economist, FINRA.

WHAT: “Data Transparency in Financial Regulation” Breakfast

WHERE: 1776, 1133 15th St. NW, Washington, DC

WHEN: Tuesday, March 18, 2014 from 7:30 to 9:00 am EDT.

The breakfast coincides with Sunshine Week, which brings together advocates of open government for an annual series of events in Washington, DC.

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