by Jessica Yabsley
on December 28, 2016
It’s been a busy year for the world’s only open data trade association! We started a new sister organization, welcomed nearly two thousand people to our events, testified before Congress, and celebrated the Senate’s passage of landmark legislation. Our members made all this possible.
by Hudson Hollister
on November 18, 2016
The Data Coalition and seven other financial and technology organizations today sent a letter to the Financial Services Committee of the U.S. House of Representatives requesting that the committee convene a hearing on the need for regulatory agencies to modernize the way they collect information from public companies, banks, markets, and financial firms.
by Christian Hoehner
on November 14, 2016
Today the Data Coalition announced its 2017 Policy Agenda, which summarizes advocacy priorities for the start of the Trump Administration and the 115th Congress. The Coalition, which represents 36 leading technology and consulting firms, is the nation’s only open data trade association.
by Hudson Hollister
on July 22, 2016
In April, the Securities and Exchange Commission published a 341-page Concept Release exploring the future of corporate disclosure in the United States. Yesterday the Data Coalition responded. This is the Coalition’s third major appeal for the SEC to transform its disclosure system.
by Jessica Yabsley
on June 13, 2016
Today the U.S. Securities and Exchange Commission (SEC) announced that it is allowing public companies to file their financial statements in the inline XBRL (eXtensible Business Reporting Language) open data format, effective immediately.
by Jessica Yabsley
on March 23, 2016
This brand-new video explains how the Financial Transparency Act (H.R. 2477) will transform financial regulation - and bring powerful new tools for the investors, companies, and researchers who use the valuable data collected by financial agencies.
by Hudson Hollister
on December 10, 2015
Why does the Data Transparency Coalition support the adoption of consistent data formats, such as XBRL, throughout regulatory reporting? If regulatory agencies standardized the information they collect, software could automate reporting, replacing layers of lawyers with lines of code - and the cost of compliance would drop. This is already happening in the Netherlands. Here's how.
by Jessica Yabsley
on December 2, 2015
Washington, D.C. - Financial expert Allan Mendelowitz today estimated that if U.S. financial regulatory agencies adopted consistent data formats for the information they collect, instead of using today’s document-based reports, a typical large investment firm could save "20 to 30 percent of operating expenses, or $200 to $300 million annually,” with similar savings across the whole financial industry.
by Jessica Yabsley
on November 27, 2015
Last spring, we celebrated when Rep. Darrell Issa, Rep. Mike Quigley, and several other bipartisan cosponsors introduced the Financial Transparency Act (H.R. 2477). The Financial Transparency Act, now cosponsored by nearly 30 Members of the House of Representatives.
by Justin Duncan
on November 4, 2015
The SEC has invited government, industry, and the public to submit comments on how the agency can improve the effectiveness of its corporate disclosure system. Our Coalition submitted a sixteen-page formal comment letter on October 29, 2015. Our prescription to fix the SEC’s disclosure system can be summarized in two words: structured data.