Marc Joffe, from the Reason Foundation argues that quality, usable data is essential to tackling the current crisis in a post that he made this week. Fundamentally, he (correctly in our view) argues that “To attack the problem, we need to have the best possible data.” Quickly creating consistent data definitions and then ensuring that health […]
A report this week used structured data to give machine-readable insight into the Covid-19 pandemic.
The US Securities and Exchange Commission (SEC) has proposed updates to National Market System (NMS) regulation designed to improve the transparency, efficiency and fairness of market data.
As meetings move online, businesses scramble to offer digital services and the world gets used to working remotely, Australia and Singapore have concluded a sign-of-the-times virtual meeting by signing the Australia-Singapore Digital Economy Agreement (DEA). The DEA is designed to reduce barriers to and increase the benefits of digital trade and the digital economy. It […]
The European Banking Authority (EBA) have published a guide highlighting the importance of assessing data management when evaluating an entity for resolution. In a year when Europe’s Single Resolution Board (SRB) has shifted to full XBRL reporting, the importance of high quality data in this area is increasingly evident. The SRB collects huge amounts of data […]
Following the successful introduction of the European e-invoicing standard, Estonia is looking to go granular and make some business data standardised and machine-readable at the transaction level. Part of a wider scheme called the Internet of Business (IoB), the project will use XBRL to standardise financial transactional data. The standard will be adapted to fit […]
Turkey’s electronic Public Disclosure Platform (KAP) demonstrates the potential of the XBRL format for enabling enhanced business transparency and data usability. All documents requiring public disclosure in Turkey – that is, financial statements and material events – must be certified with a secure electronic signature and published on KAP. This offers everyone – including investors, […]
As part of wider digitisation efforts under LEAP (Leading Efficiency through Automated Prowess), the Securities and Exchange Commission of Pakistan (SECP) are launching the county’s first centralised data repository. The repository is aimed at improving transparency, consumer protection and technological advancement in the life insurance sector, and will contain important insurance data electronically. SECP Chairman Aamir […]
This month the European Commission launched Europe’s ambitious new data strategy with a flurry of documents and two new consultations. Over the next five years the EU plans to create a single market for data that complements the common economic market ensuring that data should be able to flow across countries and sectors within the […]
Municipal governments and US states are sitting on large amounts of potentially useful data – but with disparate software systems leading to proliferating databases and a lack of machine-readable data, it’s currently difficult to analyse. The Reason Foundation is advocating for local governments to make the most of their extensive data sources by implementing Open, […]
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