”Financial Reports – pure electronic and interactive by XBRL”
Interactive data – a great challange for the Industry as well as for the Public Sector.
XBRL US CEO Testifies before House Subcommittee on helping Fed bring transparency to TARP
”Reports technology standard is real, ready and relevant in current financial crisis”

Government and financial officials testified about the Treasury Department´s oversight of the use by financial institutions of funds provided under the Troubled Asset Relief Program (TARP). This was the second panel in a hearing on oversight of federal aid to financial institutions.

House Committee Oversight and Government Reform
03/11/2009 Washington, District of ColumbiaHearing:
TARP Oversight:
Assessing Treasury’s Efforts to Prevent Waste and Abuse of Taxpayer Funds

Testimony of Mr. Neel Kashkari (1 MB  .pdf)

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SEC Proposes New Way for Investors to Get Financial Information on Companies


FOR IMMEDIATE RELEASE
Washington, D.C., May 14, 2008

The Securities and Exchange Commission today voted unanimously to
formally propose using new technology to get important information
to investors faster, more reliably, and at a lower cost.
You can read the Press Releas from SEC here>>


Chairman Cox Discusses
Interactive Data, May 2008

 


Watch Chairman Christopher Cox

on CN8 MONEY MATTERS TODAY 2006

”The Promise of Interactive Data”

Chairman Christopher Cox, U.S. Securities and Exchange Commission (SEC), addressed
the numerous audiance of 530 delgatates from 25 countries at the 14th International
XBRL Conference in Philadelphia, Pennsylvania, December 5, 2006.

Download his speach here
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SEC to Rebuild Public Disclosure System to Make It ”Interactive”

U.S. Securities and Exchange Commission Invests $54 Million in Three Contracts Toward
Transformation of EDGAR Database. SEC Chairman Christopher Cox announced sept 2006
that the SEC has awarded three separate contracts totaling $54 million to transform the
agency’s 1980s-vintage public company disclosure system from a form – based electronic
filing cabinet to a dynamic real-time search tool with interactive capabilities.

Download the announcement here