SEC Asks Industry Bodies to Present Business Case on XBRL for Corporate Actions

WASHINGTON, DC - The Depository Trust & Clearing Corporation (DTCC), Swift, the XBRL consortium and representation from the ISO and industry bodies such as ISITC and SMPG have collectively been asked by US regulator the Securities and Exchange Commission (SEC) to produce a formal business case regarding the benefits of extensible business reporting language (XBRL) usage for corporate actions, spanning issuers, banks, broker dealers, custodians and the investment community, Inside Reference Data

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