Prev MonthPrev Month Next MonthNext Month
Financial Data Transparency Act: What will it Mean for Municipal Credit Analysts?
Thursday, March 30, 2023, 3:00 PM - 5:00 PM EDT
Category: Events


Panel Discussion

Thursday, March 30, 2023

Financial Data Transparency Act: What will it Mean for Municipal Credit Analysts?

Date: Thursday, March 30, 2023

Time: 3:00 pm - 5:00 pm

Ballard Spahr LLP
1735 Market Street, 48th Floor
Philadelphia, PA 19103


The Financial Data Transparency Act (FDTA), which became law in late 2022, may significantly impact municipal disclosure and analytics once implemented. This session will provide a primer on structured data for municipal securities analysts, why structured data requirements are central to the FDTA, rulemaking and implementation timeline, how it will revolutionize the role of municipal analysts, and why it's critical that analysts participate in the standards development process.


Ernesto Lanza, Of Counsel, Ballard Spahr LLP

Ernie is a securities regulatory attorney who has represented broker-dealers, municipal advisors, state and local governments, institutional investors, trade groups, industry vendors, and other market participants on municipal bond market matters. He previously served as Acting Director in the SEC’s Office of Municipal Securities as well as with the MSRB as its Deputy Executive Director and Chief Legal Officer. As a regulator, he authored many of the market’s disclosure and transparency requirements and led the development of the Electronic Municipal Market Access (EMMA) system. He received a BA from Harvard University and JD from the University of Pennsylvania Law School.

Liz Sweeney, President, Nutshell Associates, LLC

Liz is the founder of Nutshell Associates, a public finance consulting and municipal advisory firm. In 2019-2021, she was a member of the Standard Government Reporting work group, a volunteer collaborative effort to improve the efficiency and quality of federal, state, and local government financial reporting by promoting the development and adoption of machine-readable reporting standards. Previously, Liz was a managing director at S&P Global Ratings. She is currently a board member of the Municipal Securities Rulemaking Board (MSRB), and of University of Maryland Medical System. She holds an MBA from NYU’s Stern School of Business and a BS from Georgetown University.  

$25 for members of PhAMAS or NFMA
$50 for non-Members

Registration:  Click here to register

Attendance by ZOOM is available for the same prices.

Please contact Jim Balazsy at [email protected] or Ted Molin at [email protected] with any questions.

The Philadelphia Area Municipal Analyst Society (PhAMAS) is a not-for-profit association with members located in the Philadelphia region, including southern New Jersey, Delaware and Maryland.