In recent times, fdta has become increasingly relevant in various contexts. Financial Data Transparency Act of 2022 becomes law (12.23.22). The FDTA requires seven of the financial regulatory member-agencies of the U.S. Financial Stability Oversight Council to adopt and apply uniform data standards (i.e. a common data format) for the information collected from regulated entities.
Financial Data Transparency Act Joint Data Standards -- 7 finreg .... The agencies are proposing this rule as required by the Financial Data Transparency Act of 2022. Comments must be received by October 21, 2024. On December 23, 2022, the Financial Data Transparency Act of 2022 (FDTA) was signed into law. The FDTA seeks to promote interoperability of financial regulatory data.
📝 Summary
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