Regulatory Revolution

There is a revolution transpiring in the financial services space.

As a general matter, we support in this reply, a data standard for financial contracts/instruments based on granular transaction and position data that enables current and forward-looking analysis and that is updated regularly. With such a standard, a regulator would no longer have to rely on static snapshots of backward looking (accounting) data prepared at a moment in time. In contrast, the regulator will be able to follow the dynamics of evolving firms’ conditions in near time, as well as the implications for the financial system. These capabilities create an entirely new infrastructural layer that transforms regulatory understanding of the financial system and makes regulatory oversight highly adaptable to current and evolving needs. –

Willi Brammertz

Andrew Noble

Andrew Noble

Accountant, Technologist & Futurist