The Reality of SBR - Streamlined Data: An Industry Data Standard, Standard Business Reporting V. 2.0

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Overview

Featuring a forward from Craig Clay, the president of global markets at Donnelley Financial Solutions (DFIN), this paper provides a practical roadmap for implementing the Financial Data Transparency Act (FDTA) in a way that accelerates the U.S. journey toward Standard Business Reporting (SBR). It explains why harmonizing FDTA with SBR principles is essential to avoid duplicative systems and rising compliance costs, and how agencies, filers, and technology partners can act now to design for interoperability. The paper offers actionable steps—grounded in current policy and informed by global SBR experience—for mapping data to common vocabularies, validating at the source, and generating machine-readable submissions that can be reused across obligations. The goal is clear: transform regulatory reporting from fragmented processes into a connected, standards-driven ecosystem that delivers better data, lower cost, and faster insight.

Authors

• Mark Dangelo is a co-founder of DMink, a VC / PE backed firm assisting startups and established firms with next-generation data management, data architectures, and technology solutions. 
• Ashley Nelle-Davis is the chief of staff at the Data Foundation who also leads the organization's efforts related to financial regulatory data, including support around the implementation of the FDTA.