Extensible Business Reporting Language (XBRL) is an XML-based markup language for electronic transmission of business and financial data.With a new mandate from the United States Securities and Exchange Commission (SEC), and official support from European Parliament as well as the governments of Japan and China, XBRL aims to reduce costs through the elimination of time consuming and errorprone human interaction. XBRL tags increase the speed of data integration and exchange, while at the same time eliminating data redundancy and quality issues. XBRL support in Altova MissionKit® tools (XMLSpy®, MapForce®, and StyleVision®) gives financial institutions the ability to comply with current and future regulations using the affordable tools that they are already comfortable with.