In summer 2023, the National Federation of Municipal Analysts hosted a 2-part webinar series exploring the requirements of the Financial Data Transparency Act (FDTA) and how it will affect municipal bond analysis in the $4 trillion municipal securities market. Liz Sweeney, President of Nutshell Associates, moderated the series.
The first webinar, FDTA 101, focused on the FDTA's requirements, timelines, implementation, unknowns, and the role of standards bodies in the process. This webinar also provided a grounding in FDTA terminology (i.e., machine-readable, taxonomy, data standards, non-proprietary, semantic meaning), why the terminology is so specific, and what that means for FDTA implementation and for data users.
Panel participants of FDTA 101 were:
Liz Sweeney, President, Nutshell Associates, LLC
Ernie Lanza, Of Counsel, Ballard Spahr, LLP
Michelle Savage, Vice President, XBRL US
The second webinar, FDTA 201, explored the potential benefits to the user community of harnessing the power of structured data required under the FDTA, the importance of NFMA community participation in the standards development process, and the perspectives of an issuer with experience in applying machine-readable data standards to financial statements.
Panel participants of FDTA 201 were:
Liz Sweeney, President, Nutshell Associates, LLC
Hudson Hollister, CEO of HData and Founder of the Data Foundation
Robert Widigan, Chief Deputy Financial Officer, Wayne County MI
Comments