On 6 June, the European Securities & Markets Authority will run a “Meet the Market” workshop in which its broad proposals for the rules that will govern Inline XBRL filing in Europe from 2020 will be discussed. In preparation for that event, ESMA released a range of unofficial, draft working papers for the consideration of relevant parties, including a set of proposals on Extensions.
Congratulations to the Data Coalition led by Hudson Hollister and a host of Congressional, Treasury and Departmental leaders that have worked extremely hard over the last 6 years to bring the idea of open, standardised structured data to the US Government. Other countries can learn an enormous amount from their efforts.
We are seeing more and more private sector initiatives to standardise data collection and management in order to reduce costs and improve analysis. Projects that have nothing to do with regulation.