Last month saw the milestone release of the Financial Data Transparency Act (FDTA) Joint Standards, outlining the requirements for data standards to promote interoperability of financial regulatory data across nine US agencies. XBRL US has released a statement offering its support and urging the use of the XBRL standard.
A landmark moment for digital reporting in the US: on 8 June the Securities and Exchange Commission (SEC) adopted a final rule establishing joint data standards under the Financial Data Transparency Act of 2022 (FDTA), the legislation requiring nine federal financial regulators to make their regulatory data interoperable.
The US Government Accountability Office (GAO) has published a new report evaluating the implementation of data standards under the Financial Data Transparency Act (FDTA), offering a detailed look at both the promise and the practicalities of standardised regulatory reporting across the federal government.
XBRL US has submitted a detailed comment letter to the US Securities and Exchange Commission (SEC) on the implementation of the Financial Data Transparency Act (FDTA), addressing concerns raised by municipal bond issuers about cost, feasibility and market readiness for digital data standards.
If you’ve been with us for a while, you’ll know the Financial Data Transparency Act (FDTA) has been a repeated topic across this newsletter.
The US Securities and Exchange Commission (SEC) recently released the latest in its semi‑annual series of reports to Congress, as mandated under the Financial Data Transparency Act (FDTA), offering a sweeping view of machine‑readable corporate disclosures across all the agency’s activities.
XBRL US has submitted a comment letter on the Financial Data Transparency Act (FDTA) rule proposal.
In a recent response to the proposed Financial Data Transparency Act (FDTA) rule, XBRL US has called for enhancements to improve standardisation and reduce regulatory costs.
After several years of discussion and planning, the Financial Data Transparency Act (FDTA) is poised to become a reality with the release of a draft rule proposal.
Earlier this month Campbell Pryde, President and CEO of XBRL US, addressed the complexities of identifying obligors in the municipal bond market. He highlighted how leveraging the Legal Entity Identifier (LEI) within the Municipal Securities Rulemaking Board’s (MSRB) Electronic Municipal Markets Access (EMMA) system can streamline data searches.
Join our Newsletter mailing list to
stay plugged in to the latest
information about XBRL around the world.
By clicking submit you agree to the XBRL International privacy policy which can be found at xbrl.org/privacy
XBRL International is a global not for profit operating in the public interest. Our purpose is to improve the accountability and transparency of business performance globally, by providing the open data exchange standard for business reporting.
