Regulatory Alerts2024-08-22 | 2024-18415Added
Financial Data Transparency Act Joint Data Standards
Nine federal financial regulators, including the OCC, Federal Reserve, and SEC, issued a joint notice of proposed rulemaking to establish data standards promoting interoperability of financial regulatory data. This action implements the Financial Data Transparency Act of 2022 by inviting public comment on standards that will later be adopted for specific information collections. The agencies aim to enhance efficiency and consistency across the regulatory framework while ensuring the rules remain technology neutral.
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