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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.
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 “unstruc...
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...
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 aud
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 wa...
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 messag...
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. ...
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...
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 ...
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 recog...