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ADVISORY/FDIC and XBRL USA Co-Host Conference On September 23 for Financial Services Leaders.


Business Editors

ADVISORY...for Monday Monday: see week.  (Sept. 23)

--(BUSINESS WIRE)

XBRL (EXtensible Business Reporting Language) A specification for publishing financial information in the XML format. It is designed to provide a standard set of XML tags for exchanging accounting information and financial statements between companies and analysts.  USA

Learn How Extensible Business Reporting Language (XBRL), an XML-Based

Standard for Financial and Business Reporting Over the Internet Internet

Publicly accessible computer network connecting many smaller networks from around the world. It grew out of a U.S. Defense Department program called ARPANET (Advanced Research Projects Agency Network), established in 1969 with connections between computers at the
, Can

Support Common Lending, Credit Analysis and Regulatory reg·u·late  
tr.v. reg·u·lat·ed, reg·u·lat·ing, reg·u·lates
1. To control or direct according to rule, principle, or law.

2.


Reporting Activities


WHAT          At this special half-day conference, attendees will
              preview a new XBRL taxonomy, and hear details on how
              bank regulatory agencies are planning to use XBRL to
              improve processing of Call Report data. A new XBRL
              taxonomy, which banks and lending institutions can use
              to streamline the loan and credit application process,
              will be presented during the conference. Attendees will
              also receive a customized XBRL Implementation Toolkit.
              Software vendors will provide product demonstrations
              during the reception period, following the conference
              proceedings

              Keynote Speaker: Mr. C. K. Lee, special advisor to the
              Chairman of the FDIC, will address collaboration needs
              within the financial services industry in the pursuit of
              data transparency, enhanced standards development and
              adoption of new tools such as XBRL.

              Attendees will have an opportunity to review XBRL
              financial service data interchange formats and learn how
              XBRL, an XML-based standard for financial and business
              reporting over the Internet, can help banks and other
              financial services companies to:

                -   Efficiently collect and update financial
                    information on borrowers

                -   Accelerate the credit risk assessment process and
                    manage customer relationships

                -   Integrate investment information about companies
                    and the market from multiple sources

                -   Manage and distribute transaction data on loan
                    portfolio performance, sales and purchases

                -   Automate business reporting to funding sources and
                    other business partners

                -   Communicate institutions' financial performance
                    more effectively to investors

                -   Consolidate and report data to FFIEC regulators

              (More background information about XBRL can be found at
              www.xbrl.org.)

WHEN          Monday, September 23, 2002
                -   Conference: 12:30 to 4:30 pm EST
                -   Reception and Vendor Demonstrations: 4:30 to
                    6:30pm

WHERE         Hosted by Federal Deposit Insurance Corporation
              At George Mason University
              Room 329
              3401 North Fairfax Drive
              Arlington, VA

WHO           CFOs, CIOs/CTOs, Chief Risk Officers; Heads of
SHOULD        Commercial Lending; Directors of Corporate, Regulatory
ATTEND        and Financial Reporting; Credit/Equity/Risk Executives;
              E-Business Leaders; Controllers; Vice Presidents of
              Financial Research, Technology, Finance and Strategic
              Planning; Bank Trade Association representatives

REGISTRATION  Banking attendees must register prior to attending at
              www.xbrl.org/us/registration

MEDIA         Please contact David Colgren at 646-536-5103 or
              dcolgren@colcomgroup.com

COPYRIGHT 2002 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2002, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Sep 5, 2002
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