The White House issued a new executive order in late-2021 calling on federal agencies to intentionally prioritize customer experience (CX) and how the government interacts with the American public. Regulatory technologies offer approaches for vastly improving how businesses big and small, consumers, and investors interact with the information acquired by the government through regulatory processes. By applying a CX lens to the growing RegTech field, the RegTech22 Data Summit provided new perspectives about potential innovations in government regulation that benefit those providing oversight as well as make processes for regulated entities more efficient, all while providing the American people with open data resources that support accountability, effective decision-making, and responsible privacy protective environments.
The Data Coalition’s RegTech22 Data Summit in Washington, D.C., presented by Donnelley Financial Solutions (DFIN), brought together government, industry or private sector, non-profit, and academic experts to discuss key opportunities in the year ahead:
How can the Financial Services sector apply consensus data standards and data innovations while complying with current federal regulations that affect the use of artificial intelligence?
What are the potential areas where regulatory modification could support RegTech applications?
With future regulatory approaches for environmental, social, and corporate governance, how can RegTech most effectively and securely be built into the design of future regulatory requirements and proposals?
What government-wide regulatory approaches and innovations could the Federal Executive Branch consider for improving the efficiency and security of regulatory reporting to minimize compliance and oversight costs?
These questions and more were addressed during the RegTech22 Summit. Attendees engaged in the discussion, share your ideas and innovations, learn about models and approaches, and hear from data leaders from federal regulatory agencies in discussing the opportunities ahead.
Speakers
Reeve Bull / Research Director, Administrative Conference of the United States
Craig Clay / President, Donnelley Financial Solutions (DFIN)
Kirsten Dalboe / Chief Data Officer, Federal Energy Regulatory Commission
Susan Dudley / Former Administrator of the Office of Information and Regulatory Affairs, White House Office of Management and Budget
Jason Fichtner, Vice President and Chief Economist, Bipartisan Policy Center
Kirsten Gullickson, Director, Systems Analysis and Quality Assurance at Office of the Clerk, U.S. House of Representatives
Hugh Halpern / Director, U.S. Government Publishing Office
Nick Hart / President, Data Foundation
Kristy Howell / Senior Economist, International Monetary Fund
Virginia Huth / Deputy Assistant Commissioner, Federal Acquisition Service, U.S. General Services Administration
Kevin Richards / Vice President, Head of U.S. Government Relations, SAP
Dean Ritz, Chair, Board of Directors, Data Foundation
Tammy Roust / CDO & Director of Division of Data, Commodity Futures Trading Commission
John Runyan, President, Runyan Public Affairs
Adam Scott / Director of Design and Development, Consumer Financial Protection Bureau (Pending Approval)
Mike Willis / Chairperson, Regulatory Oversight Committee
Darren Wray / Co-Founder, Guardum
Agenda
9:00-11:00 a.m. Public Forum: Accelerating AI in the Public Sector: virtual tickets available
11:30 a.m. Registration, Lunch, and Networking
12:30 p.m. Opening Session and Keynote
Nick Hart, President, Data Foundation
Craig Clay, President, Donnelley Financial Solutions (DFIN)
1:00 p.m. Panel : Data Accessibility and Customer Experience with Financial Regulators
Adam Scott, Director of Design and Development, Consumer Financial Protection Bureau
Tammy Roust, Chief Data Officer & Director of Division of Data, Commodity Futures Trading Commission
John Runyan, President, Runyan Public Affairs
Darren Wray, Co-Founder, Guardum
1:45 p.m. Networking Break
2:00 p.m. Panel: Using RegTech to Improve Climate Data Reporting, Access, and Analysis
Kirsten Dalboe, Chief Data Officer, Federal Energy Regulatory Commission
Kevin Richards, Vice President, Head of U.S. Government Relations, SAP
Dean Ritz, Chair, Board of Directors, Data Foundation
Kristy Howell, Senior Economist, International Monetary Fund
2:45 p.m. Afternoon Keynote: When Congress Presses Ctrl-P: Improving Legislative Output
Hugh Halpern, Director, U.S. Government Publishing Office
3:00 p.m. Panel: Improving Citizen Engagement and Transparency in Rulemaking Using RegTech Solutions
Reeve Bull, Research Director, Administrative Conference of the United States
Susan Dudley, Former Administrator of the Office of Information and Regulatory Affairs, White House Office of Management and Budget
Virginia Huth, Deputy Assistant Commissioner, Federal Acquisition Service, General Services Administration
Jason Fichtner, Vice President and Chief Economist, Bipartisan Policy Center
Kirsten Gullickson, Director, Systems Analysis and Quality Assurance at Office of the Clerk, U.S. House of Representatives
4:00 p.m. Closing Keynote
Mike Willis, Chairperson, Regulatory Oversight Committee
4:15 p.m. Closing Remarks
Nick Hart, President, Data Foundation
4:30 p.m. Cocktail Reception and Networking
Panel Overview
Panel 1: Data Accessibility and Customer Experience with Financial Regulators: Federal agencies like the Commodities and Futures Trading Commission (CFTC) and the Consumer Financial Protection Bureau (CFPB) have elevated the use of data standards and innovative technologies, as well as revised internal data management systems to improve interactions with regulated entities, communications with regulators and oversight bodies, and the public. In a rapidly evolving regulatory environment, data are extracted from digital and paper compliance reports submitted to agencies from regulated entities. Working together to provide reliable, secure, and quality data to regulators, private companies like Guardum employ regulatory technologies to improve data accuracy, security, and reporting efficiencies. This panel will highlight RegTech and data management strategies being implemented across the financial services sector and in government to improve data quality, use of customer-friendly technologies to improve customer experience (CX), assess risk, and ensure transparency in government oversight.
Panel 2: Using RegTech to Improve Climate Data Reporting, Access, and Analysis: As government agencies and organizations across the world plan for changes in the environment, data has a crucial role to play in identifying policy opportunities to address the implications of climate change. During this panel, data experts representing both the public and private sectors, including the Federal Energy Regulatory Commission (FERC), International Monetary Fund (IMF), and SAP, will discuss the potential of emerging regulatory technology applications to inform data strategies and improve approaches to make data more accessible and transparent. Panelists will consider how open access and data sharing can benefit regulated entities, consumers, and the public, particularly in the context of ESG topics, discussing topics ranging from standardized reporting requirements to developing large-scale analytical platforms.
Panel 3: Improving Citizen Engagement and Transparency in Rulemaking Using RegTech Solutions: Administrative implementation and adoption of laws are meant to prompt regulatory processes and designed to be participatory and elicit feedback from a range of perspectives across the American public, though in practice there is much to be improved upon. This discussion will explore how RegTech solutions and emerging technological approaches can be adapted to encourage improved citizen engagement in government’s rulemaking processes, facilitating transparency, accountability, and improve rulemaking in agencies to foster more equitable participation. Using existing technologies, including AI and advanced analytic systems, and implementing data frameworks that standardize reporting requirements, RegTech solutions have the potential to transform how the government monitors regulations, analyzes submitted comments and information, and interacts with the American public on regulatory actions. This panel will discuss how RegTech solutions and approaches can streamline compliance as well as offer insight into the implementation and impact of federal rules, and support transparent regulatory decision-making that encourages the American public to meaningfully engage with their government. Join representatives from the General Services Administration, the Administrative Conference of the United States, and others to hear about the potential of RegTech to improve the federal regulatory ecosystem.
