Regulators Spark Battle Royal Over a Data Standard

Also, a mystery trade group sues SEC; FDIC extends deadline on bank stock agreements; new jobs

U.S. officials have been working for years, mostly in obscurity, to clean up the data that used to monitor the financial system. Now a central piece of those efforts has kicked up a hornet’s nest, drawing opposition from virtually every corner of the industry, from exchanges and clearinghouses to banks and brokers. 

The swarm stems from efforts to implem…