XBRL Discussion Group

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.

Retired Member 

Do you really know your risk exposure?

Part 2 - A new approach is needed In the first part of my series of blog posts, I have analysed how Master Data Management can help financial institutions to extract the information hidden as “unstructured data” in their legal agreements. In this part I will talk about how a new approach to enterprise content management (ECM) supports Master Data ...

20 March 2013 /security /regulation

Retired Member 

Do you really know your risk exposure?

Part 1 – From 'war room' to Master Data Management I want to start my blog with a series of posts that analyse how modern enterprise content management systems can help the Financial Service Industry to stay on top of its information 'War room' The 2008 credit crisis highlighted the importance of global financial institutions being able to manage ...

20 March 2013 /security /regulation

Retired Member 

Truth in reporting: eXtended Business Reporting Language

Standards lead to best practices; standardization makes life simpler. Information Systems Audit and Control Association (ISACA), has pioneered and promoted standards and guidelines in the area of audit and controls for IT professionals. The white paper ’Leveraging XBRL for value in organizations’ (http://www.isaca.org/Knowledge-Center/Research/Re

30 June 2011 /retail

Gary Wright Analyst at BISS Research

This is the start of something big

At the recent annual Corporate Action conference in New York this week the hot topic was the significant progress being made by the DTCC and SWIFT with XBRL to standardise Issuer data. The audience was made up of mainly Investment Management firms but with a good sprinkling of all the great and the good banks. It was remarkable how warmly the XBRL...

14 October 2010

Retired Member 

DTCC corporate action standards

The release of the first set of draft ISO 20022 corporate action announcment by the DTCC is an excellent achievement for them and their partners SWIFT and XBRL US. The introduction of standard messaging when communicating from the issuer to the final beneficial owner will significantly reduce the interpretational risk on corporate actions and lea...

19 May 2010

Retired Member 

Lost in translation?

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...

29 March 2010 /security

Gary Wright Analyst at BISS Research

XBRL Update

For everyone that has read the XBRL Blog " XBRL is coming in a big way" please re read the comments. These comments have flushed out valuable information and status as well as underlying the terrible lack of awareness in the industry. There are far too many people that are stuck in the ISO standards type of thinking and missing the point ...

30 October 2009

Gary Wright Analyst at BISS Research

XBRL and the Identity Issue

The DTCC/SWIFT/XBRL initiative will I am sure, be a success and be a springboard to a new age of data standards. However, there remains an important issue that needs attention and that is, to protect the identity of the issuer of the taxonomy and the security of the data they issue. The obvious solution to the identity problem is to create a direc...

27 October 2009

Gary Wright Analyst at BISS Research

XBRL is coming in a very big way

Let's be clear about XBRL and start by saying it's been around for more than a decade. Having had a very slow birth, after a prolonged gestation period but now the time is here when XBRL will be recognised for the genuine benefits it can bring to business communication and data processing. I recently chaired a Corporate Actions conference in New Y...

22 October 2009