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

SEC Seeking Market Feedback on XBRL Compliance Challenges

Subscribe to our newsletter

As part of its wider push to extend XBRL into other areas such as the tagging of source documents for mortgage backed securities (MBS) and corporate actions, the Securities and Exchange Commission (SEC) is currently taking stock of the challenges faced by the industry during XBRL implementation thus far. To this end, the US regulator has published a web survey asking for more detail on how firms set about rolling out their XBRL projects for SEC filings.

The survey asks firms to provide details about the route they chose during the implementation: whether they opted to develop a solution in-house or to outsource to a third party. This includes details on the outsourcing experience as a whole or the software tools being used in-house in either case. The SEC survey also asks firms to indicate whether they are happy with the final results and whether they are interested in XBRL being extended to other areas.

This is all part of the SEC’s sustained campaign to get XBRL tagging embedded within the US financial services community. The regulator has mandated XBRL tagging for financial reporting but, along with XBRL US, is also keen to extend its reach into other areas that it believes would benefit from the data tags such as corporate actions, proxy voting and MBS data. The survey is therefore aimed at gathering together details on the industry’s experiences of XBRL implementation thus far and perhaps applying lessons learned to the next stage of its plans.

The survey is available to view (and fill in) here.

Subscribe to our newsletter

Related content

WEBINAR

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

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 and legal use of external information. Robust data governance frameworks provide the guardrails needed...

BLOG

AI Governance Frameworks Are Emerging as Applications Abound: Webinar Review

Capital markets leaders are in the early stages of implementing comprehensive artificial intelligence governance frameworks as they begin to realise the challenges as well as the opportunities offered by the technology. As the adoption of AI accelerates it’s becoming apparent that it needs its own set of rules on how it can be effectively and...

EVENT

TradingTech Summit London

Now in its 15th year the TradingTech Summit London brings together the European trading technology capital markets industry and 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

Regulatory Data Handbook 2025 – Thirteenth Edition

Welcome to the thirteenth edition of A-Team Group’s Regulatory Data Handbook, a unique and practical guide to capital markets regulation, regulatory change, and the data and data management requirements of compliance across Europe, the UK, US and Asia-Pacific. This year’s edition lands at a moment of accelerating regulatory divergence and intensifying data focused supervision. Inside,...