About a-team Marketing Services
The knowledge platform for the financial technology industry
The knowledge platform for the financial technology industry

A-Team Insight Blogs

DTCC’s Donahue Joins XBRL US Board of Directors

Subscribe to our newsletter

Following the agreement between XBRL and the Depository Trust & Clearing Corporation (DTCC) earlier in the year to cooperate on corporate actions standards, Donald Donahue, chairman and CEO of DTCC, has joined XBRL US’s board of directors. XBRL US, the non-profit consortium for XML business reporting standards in the North American marketplace, says that DTCC is also becoming a member of its consortium.

Donahue is a 20 year veteran of DTCC and the Depository Trust Company (DTC), and previously served as DTCC’s chief operating officer, head of customer marketing and development and DTC’s chief information officer, among other roles. Donahue comments: “As members of XBRL US, DTCC will provide the subject matter expertise to the development of data standards – usable by issuers as well as market professionals – that will be more accurate, better defined and easier to process.”

XBRL US is responsible for the development of the collection of business and financial terms (taxonomies) for US GAAP reporting, developed under contract with the Securities and Exchange Commission (SEC). According to the consortium, its mission is to develop these collections of terms for private and public sector business reporting applications and to promote the use of the XBRL standard.

Alfred Berkeley, chairman, Pipeline Financial Systems and chair of the XBRL US board, explains the strategic decision to move to into corporate actions: “The expansion of the XBRL US work programme into reference data is a logical next step to making XML-based information for business information reporting ubiquitous.”

XBRL reckons the use of structured XBRL data for corporate actions can enable the direct flow of electronically tagged corporate action announcement information to all parties, thereby improving the efficiency, timeliness and accuracy of the communication between issuers and investors. XBRL US and DTCC are in the process of developing a prototype collection of terms, or taxonomy, for use with corporate actions data.

Subscribe to our newsletter

Related content

WEBINAR

Upcoming Webinar: Hearing from the Experts: AI Governance Best Practices

9 September 2025 10:00am ET | 3:00pm London | 4:00pm CET Duration: 50 Minutes The rapid spread of artificial intelligence in the financial industry presents data teams with novel challenges. AI’s ability to harvest and utilize vast amounts of data has raised concerns about the privacy and security of sensitive proprietary data and the ethical...

BLOG

Accelex Says its AI Agent Can Tame The ‘Nastiest’ Corner of Data Management

Unstructured data is the bugbear of private market data managers, but one of the latest entrant to the space claims to have a solution that can tame the “nastiest” part of data retrieval – private market fund quarterly reports. Accelex is a London-based artificial intelligence (AI) focussed FinTech that has launched a platform that can prise market-relevant...

EVENT

Future of Capital Markets Tech Summit: Buy AND Build, London

Buy AND Build: The Future of Capital Markets Technology London examines the latest changes and innovations in trading technology and explores how technology is being deployed to create an edge in sell side and buy side capital markets financial institutions.

GUIDE

AI in Capital Markets: Practical Insight for a Transforming Industry – Free Handbook

AI is no longer on the horizon – it’s embedded in the infrastructure of modern capital markets. But separating real impact from inflated promises requires a grounded, practical understanding. The AI in Capital Markets Handbook 2025 provides exactly that. Designed for data-driven professionals across the trade life-cycle, compliance, infrastructure, and strategy, this handbook goes beyond...