Sector Regulation Sector Regulation

US financial agencies must adopt common data format for firms’ filings under congressionally passed bill

By Neil Roland
  • 21 Dec 2022 22:04
  • 21 Dec 2022 22:30
Congress has passed legislation requiring the US Securities and Exchange Commission, Federal Reserve and five other financial agencies to adopt uniform data standards, including a nonproprietary legal entity identifier, for submissions from banks, companies and firms.
“The data standards will enable better information processing, software-enabled filing preparation, and data reconciliation,”

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Neil Roland

Senior Correspondent

Neil has covered U.S. financial regulation for over two decades, mostly for Bloomberg and Crain Communications. He received a Loeb award for coverage of regulators' response to the collapse of Enron. He also garnered a SABEW award and some Jesse H. Neal awards for stories on the Federal Reserve's response to the 2008 financial crisis. Roland has appeared as a commentator on Fox TV, NPR, C-Span and Bloomberg TV. He received a Master's degree in public policy from Harvard and a Bachelors degree in economics from Cornell.

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