Gain a comprehensive and practical understanding of the Financial Data Transparency Act Joint Data Standards Final Rule. This course covers the unified data requirements developed by the OCC, Federal Reserve, FDIC, NCUA, CFPB, FHFA, CFTC, SEC, and Treasury to promote interoperability of financial regulatory data. Learn how the new standards—including Legal Entity Identifier (LEI), ISO codes, and open data formats—will be incorporated by individual agencies, what compliance looks like as the rule phases in, and how to prepare your organization for future regulatory changes.
In this course you will learn the following:
* Understand the purpose and scope of the FDTA Joint Data Standards Final Rule.
* Identify the agencies involved and their respective roles.
* Recognize the specific data standards established by the rule.
* Comprehend the process and timeline for agency-specific rulemakings and implementation.
* Prepare for compliance with new data standards as they are adopted.
* Understand the legal and financial consequences of non-compliance.
