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
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