FDTA

OMG Receives Submissions to Standard Business Report Model RFPs

Retrieved on: 
Tuesday, February 6, 2024
OMG, SBRM, International, XBRL, FDTA, Request for proposal, Property management

BOSTON, MA, Feb. 06, 2024 (GLOBE NEWSWIRE) -- Today, Object Management Group® (OMG®) announced it received multiple submissions for its Request for Proposals to develop a Standard Business Report Model (SBRM) specification.

Key Points: 
  • BOSTON, MA, Feb. 06, 2024 (GLOBE NEWSWIRE) -- Today, Object Management Group® (OMG®) announced it received multiple submissions for its Request for Proposals to develop a Standard Business Report Model (SBRM) specification.
  • A SBRM specification will make the definition, preparation, and use of data in structured business reports easier, more consistent, and more reliable.
  • "Business reports often contain rich semantic relationships between their various components, but there has been no domain-independent standard to represent these,” said Mike Bennett, Technical Director for the OMG Standards Development Organization.
  • OMG also received feedback about business reports used in aircraft manufacturing and the energy sector.

XBRL US Hosts GovFin 2023: Empowering Governments, Modernizing Reporting, November 9, 2023, Washington, DC

Retrieved on: 
Monday, July 24, 2023
Mechanics, Minnesota Department of Management and Budget, University, University of Denver, Grant, FDTA, Daniels College of Business, XBRL, Government, FERC, Federal Energy Regulatory Commission, GREAT, Division, Management, Security (finance), KPMG, Legislation, Cryptocurrency, Financial adviser

NEW YORK, July 24, 2023 /PRNewswire/ -- XBRL US announced that they will be hosting a one-day conference, GovFin 2023: Empowering Governments, Modernizing Reporting, in Washington, DC, on Thursday, November 9, 2023.

Key Points: 
  • NEW YORK, July 24, 2023 /PRNewswire/ -- XBRL US announced that they will be hosting a one-day conference, GovFin 2023: Empowering Governments, Modernizing Reporting, in Washington, DC, on Thursday, November 9, 2023.
  • The conference will be hosted by KPMG at their offices at 1801 K Street NW, in Washington, DC.
  • "Government entities have much to gain from the innovation and modernization that these new standards can bring."
  • Panel discussions and demonstrations will address legal entity identifiers and the mechanics of creating and using structured, standardized data.

DFIN and The Data Foundation Host RegTech 2023 Data Summit

Retrieved on: 
Tuesday, April 11, 2023
Federal Deposit Insurance Corporation, Legislation, FDTA, The Keynote Speaker, DFIN, Hughes, FDIC, Keynote, Clay, FSOC, Blog, XBRL, NYSE, Federal Reserve, Donnelley Financial Solutions, Regulatory technology, Federation, Cryptocurrency

NEW YORK, April 11, 2023 /PRNewswire/ -- Donnelley Financial Solutions (NYSE: DFIN), a leading global risk and compliance company, is the title sponsor of the Data Foundation's RegTech 2023 Data Summit, which takes place today in Washington, D.C. Attendees will explore data modernization under the Financial Data Transparency Act (FDTA).

Key Points: 
  • NEW YORK, April 11, 2023 /PRNewswire/ -- Donnelley Financial Solutions (NYSE: DFIN), a leading global risk and compliance company, is the title sponsor of the Data Foundation's RegTech 2023 Data Summit, which takes place today in Washington, D.C. Attendees will explore data modernization under the Financial Data Transparency Act (FDTA).
  • The FDTA impacts every organization involved in preparing, providing, and using financial data, including financial institutions, agencies, technology vendors, data companies, and analytics firms.
  • "The passage of the Financial Data Transparency Act marks a significant step forward to modernize financial data," said Nick Hart, President & CEO of the Data Foundation.
  • For more information about RegTech 2023 Data Summit: Data Modernization under the Financial Data Transparency Act, and to register, visit datafoundation.org .

Object Management Group Hosts Workshop about Financial Industry Standards

Retrieved on: 
Tuesday, March 7, 2023
Ontology, Financial Instrument Global Identifier, Object Management Group, EDT, OMG, FIBO, FDTA

BOSTON, MA, March 07, 2023 (GLOBE NEWSWIRE) -- Today, the international technology standards organization Object Management Group ® (OMG®) announced it is hosting an industry workshop, “ Preparing for New Financial Industry Standards ,” in response to the recent Financial Data Transparency Act (FDTA).

Key Points: 
  • BOSTON, MA, March 07, 2023 (GLOBE NEWSWIRE) -- Today, the international technology standards organization Object Management Group ® (OMG®) announced it is hosting an industry workshop, “ Preparing for New Financial Industry Standards ,” in response to the recent Financial Data Transparency Act (FDTA).
  • To date, OMG has generated more than 260 technology standards that provide quantifiable real-world value across all industries, including finance, with the Financial Industry Business Ontology (FIBO) and the Financial Instrument Global Identifier ® (FIGI®) standards.
  • "OMG experts will discuss how our members develop data standards, what makes good financial standards, and how they drive business growth.
  • Financial industry stakeholders will also discuss the impact of FDTA and the opportunities it opens.”
    REGISTER: Please register for in-person or virtual attendance.

Workiva Inc. Applauds Bipartisan Introduction of the Financial Data Transparency Act in the U.S. Senate

Retrieved on: 
Thursday, May 26, 2022
Professional Services, Finance, Department, Treasury, Federal Housing Finance Agency, National Credit Union Administration, U.S. Securities and Exchange Commission, Disclosure, Â, Solution, Federal Reserve Board of Governors, Comptroller, Blake Paulson, Inc., FDIC, IRS, Legislation, Federal Deposit Insurance Corporation, Efficiency, United States Department of the Treasury, Industry, Time, Compliance, Congress, Technology, Consumer Financial Protection Bureau, Senator Warner, Intelligence, FDTA, NYSE, Consumer, ESG, Online gambling, Cryptocurrency

The Financial Data Transparency Act (FDTA) would direct eight major U.S. financial regulatory agencies to adopt uniform, machine-readable data standards for the information they are already required to collect from regulated entities.

Key Points: 
  • The Financial Data Transparency Act (FDTA) would direct eight major U.S. financial regulatory agencies to adopt uniform, machine-readable data standards for the information they are already required to collect from regulated entities.
  • This proposal complements other legislative efforts to transform government data into open, smart, searchable, and downloadable formats without proprietary restrictions.
  • At a time when bipartisan support for issues is hard to come by, the Financial Data Transparency Act demonstrates that innovation and capital market efficiency are areas for agreement, said Workiva Inc. CEO Marty Vanderploeg.
  • We build and deliver the worlds leading regulatory, financial, and ESG reporting solutions to meet stakeholder demands for action, transparency, and disclosure of financial and non-financial data.