Two things: First, what is a financial transaction that the government isn't aware about, if not black market? Second, the government wants financial data for

Two things: First, what is a financial transaction that the government isn't aware about, if not black market? Second, the government wants financial data for regulation purposes. I fail to see how a "competitive environment for financial data" (IIRC, private companies close to financial interests) could be trusted with the gathering of such data. We could easily have conflicts of interests.