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XBRL Discussion Group

A Finextra Community Group

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Archive for: March, 2010
Gerard BerminghamInformation Mosaic - New York

Lost in translation?

29 March 2010  |  5238 views  |  4 comments | recommendations Recommends 1

Like the terms ‘Golden Record' and ‘Golden Copy' before it, we are no doubt hearing the use of the term XBRL as the ‘new' thing to standardizing data and reducing corporate action announcement risk. However, currently, public company press releases and prospectuses do not follow a standard in how corporate action events are defined. Let's take a...

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Founded by An ex-member
Date 20 Oct 2009
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As XBRL becomes more recognised as a vitally important tool to reduce data costs and streamline communication in the financial services industry, the full opportunities need to be explored. To ensure a full and clear understanding by the financial services industry globally rather than just those countries where is has already been adopted, especially in light of the DTCC and SWIFT initiative.
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