‘Feature, not a bug’: Bloomberg makes the case for Figi
Bloomberg created the Figi identifier, but ceded all its rights to the Object Management Group 10 years ago. Here, Bloomberg’s Richard Robinson and Steve Meizanis write to dispel what they believe to be misconceptions about Figi and the FDTA.
For decades, the US government has been exploring ways to modernize the collection and dissemination of financial information to make reported data more transparent, consistent, and useful to regulators, investors, and consumers. These efforts culminated in the enactment of the Financial Data Transparency Act (FDTA) of 2022.
The act directed nine US financial regulators, including the Federal Reserve, the Securities and Exchange Commission (SEC), and the Commodity Futures Trading Commission
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