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Items tagged with "Data"

What’s Cooking? Disclosures reveal Pandemic’s impact on Restaurants

Calcbench recently published a three-part blog scouring restaurant sector disclosures to discover the data-based story of how much harm the pandemic has caused. Of course, we don’t necessarily need to dig into disclosures to ascertain that restaurant sales went off a cliff in March as lockdowns started to come into force across the US and […]

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Korea’s FSC to focus on Digital

In a speech at the opening of Online Korea Fintech Week Korea’s Financial Services Commission (FSC) chairman Eun Sung-soo outlined the regulator’s plans to peruse digital and big-data based innovation. The plan is designed to support the government’s “New Deal” project to accelerate the adoption of digital technologies across the economy. The regulator plans to […]

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The need for Contractual Obligations Tables amid Covid-19

Should the US Securities and Exchange Commission (SEC) do away with tables consisting of information that can be compiled elsewhere? This week CFA Institute’s Mohini Singh, ACA, outlines the CFA and Council of Institutional Investor’s arguments against some of the SEC’s proposed updates to Management Discussion and Analysis (MD&A). Their response highlights that although many of […]

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EBA to discover pre-pandemic position of EU Banks

These are extraordinary and uncertain times, requiring, even more so than usual, substantial and useful data to help navigate the murky waters of the post-Covid-19 economy. As such, the European Banking Authority (EBA) has launched an additional EU wide transparency exercise in order to provide a snapshot of Europe’s banks pre-pandemic. Similar to EBA’s regular […]

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US Government Annual Report

Every year each publicly traded company in the US must submit an iXBRL tagged Annual Report (known as a “Form 10-K”) to the Securities and Exchange Commission, giving a comprehensive account of financial performance, condition and risk. What if the US government did the same? There is no requirement for federal, state and local governments […]

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How can XBRL and AI work together? 

XBRL is now the standard for financial reporting, providing machine-readable data with vastly improved accuracy and quality to regulators worldwide. With significant amounts of structured data increasingly available, how can AI be used to turn that information into insight? While some AI programmes are designed to be able to deal with data that is unstructured, […]

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Rapid Data for a Rapid Response

Marc Joffe, from the Reason Foundation argues that quality, usable data is essential to tackling the current crisis in a post that he made this week. Fundamentally, he (correctly in our view) argues that “To attack the problem, we need to have the best possible data.” Quickly creating consistent data definitions  and then ensuring that health […]

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Reportix: Use Inline XBRL to make Pandemic Data Usable

A report this week used structured data to give machine-readable insight into the Covid-19 pandemic.

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SEC considers iXBRL for certain Market Data Reforms

The US Securities and Exchange Commission (SEC) has proposed updates to National Market System (NMS) regulation designed to improve the transparency, efficiency and fairness of market data.

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Singapore and Australia collaborate on Digital Economy

As meetings move online, businesses scramble to offer digital services and the world gets used to working remotely, Australia and Singapore have concluded a sign-of-the-times virtual meeting by signing the Australia-Singapore Digital Economy Agreement (DEA). The DEA is designed to reduce barriers to and increase the benefits of digital trade and the digital economy. It […]

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