The COVID-19 crisis highlighted weaknesses in the financial data that banks, regulators, and the public depend on to evaluate financial risks. But efforts to modernize financial data face resistance and collective-action problems. In response, the Center for Financial Policy at the University of Maryland’s Robert H. Smith School of Business will host an expert panel to discuss the prospect for banks and regulators to cooperate on improving standards and adopting new technologies.
The free webinar, “Change Management: How Does a Successful Financial Data Organization Overcome the Barriers to Change,” is set for 11 a.m. Tuesday, Dec. 15.
- Linda Powell, global head of data governance for Citibank and former chief data officer for the Consumer Financial Protection Bureau and the Office of Financial Research
- Hudson Hollister, CEO of HData and founder/former president of Data Foundation
- John Bottega, president of EDM Council and former chief data officer for Bank of America and Federal Reserve Bank of New York
- Greg Feldberg, research scholar and director of research for the Yale School of Management Program on Financial Stability
The speakers have worked through problems of data standardization, data sharing, and data collection across different types of organizations, public and private. They will discuss their experiences setting data priorities and strategies and building support for change, both internally and from external stakeholders. Topics will include mandates, funding, institutional setting and necessary legal authorities.
Register via https://go.umd.edu/SAk.