By Campbell Pryde, President and CEO, XBRL US The complexities of the municipal bond market make it challenging for users of bond data to quickly find what they need when searching in the Municipal Securities Rulemaking Board (MSRB) Electronic Municipal Markets Access (EMMA) system. A single bond issue can have more than one security, and […more]
Identifying the Obligor for Municipal Securities
The complexities of the municipal bond market make it challenging for bond data users to quickly find what they need when searching in the Municipal Securities Rulemaking Board (MSRB) Electronic Municipal Markets Access (EMMA) system. The Financial Data Transparency Act (FDTA) is an important opportunity to enable easier, more concrete search capabilities at a granular level by leveraging entity identifiers and standardization of data.
XBRL US submitted a letter to the Federal Energy Regulatory Commission (FERC) in response to their request for comment on Data Collection for Analytics and Surveillance and Market-Based Rate Purposes. The focus of the XBRL US letter was on the section in the proposal that market-based rate sellers provide utility identifiers for certain upstream affiliates […more]
On November 25, 2020, the Commodity Futures Trading Commission (CFTC) adopted the final rule “Swap Data Record Keeping and Reporting Requirements”. XBRL US submitted a comment letter in response to the proposed rule in May of this year in which we made two recommendations: 1) we agreed with the proposed expansion of the use of […more]
SEC Commissioner Allison Herren Lee gave a keynote presentation “The Promise of Structured Data: True Modernization of Disclosure Effectiveness” at the XBRL US Investor Forum: Ready for Anything – Using Data in Perilous Times. Her speech focused on the importance of data quality (and notes the contribution to quality improvements made by the XBRL US […more]
XBRL US expressed support for a BEA rule proposal that would amend the data collected and the design of the mandatory BE-180 Benchmark Survey of Financial Services Transactions between U.S. Financial Services Providers and Foreign Persons. In particular, XBRL US supports the proposed plan to include a question to survey respondents to provide their 20-digit […more]
On February 25, 2020, the Bureau of Economic Analysis (BEA) proposed a number of amendments to the mandatory BE-180 Benchmark Survey of Financial Services Transactions between U.S. Financial Services Providers and Foreign Persons. This survey will apply to the 2019 fiscal reporting year. This mandatory benchmark survey, conducted under the authority of the International Investment […more]
XBRL US submitted a comment letter to the Regulatory Oversight Committee (ROC) in response to a Consultative Document on LEI Eligibility for General Government Entities. Our comment letter made the following points: Collecting government financial data in U.S. markets, in an efficient, automatable fashion is becoming a more likely scenario, given recent initiatives driving greater […more]
The Regulatory Oversight Committee (ROC) for the legal entity identifier (LEI) is seeking comments on its consultative document on LEI Eligibility for General Government Entities. The ROC is an international standard setting body that provides oversight to the Global Legal Entity Identifier Foundation (GLIEF). The GLEIF sought guidance from the ROC about the use of […more]
On August 8, the Securities and Exchange Commission published a rule proposal, Modernization of Regulation S-K, Items 101, 103 and 105. Item 101 covers general development of business and narrative description of business; Item 103 covers legal proceedings; and Item 105 cover risk factors. The objective of the proposal is to modernize the description of […more]
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