New Year, New Structured Data!
In a new guest piece from the CFA Institute’s Mohini Singh, the investor group argues that the SEC (and other market regulators right around the world) are making positive steps by ensuring that corporate reporting data is machine readable, but they are only at the beginning of an important journey.
The next steps, in priority order, include:
- Publishing Earnings Releases as human-and-machine readable Inline XBRL, with the information that is “the start of the food chain” being available in structured form.
- Publishing Management Discussion and Analysis (“MD&A”, often called “management commentary” in Europe and Asia) numeric data in structured form.
- Publishing MD&A textual data in block-tagged form.
To round out the piece, readers are encouraged to send comment letters in support of these ideas to the SEC.
We couldn’t agree more.
