According to CNBC, banks could be using bitcoin by the end of next year based on the development with the adoption of new cloud-based ledger technology called “blockchain”. According to a report by TABB research -- “Capital markets could adopt the technology behind bitcoin as early as next...
Great article in the Wall Street Journal yesterday about new US SEC Crowdfunding Rule that goes into effect MONDAY - next week. The article by Ruth Simon of the WSJ provides great background and specifics about the rule and how small companies and investors can utilize crowdfunding to obtain...
Late last week the US SEC announced that public companies in the United States can voluntarily begin to use the iXBRL data format for submission of financial statements to the US EDGAR System. US SEC has mandated that all public companies (estimated to be 14,500) tag their financial...
Great article in NEXTGOV regarding the status of the DATA ACT. According to today’s article -- late last week - US Treasury issued a final version of the "schema," outlining definitions, time frames and standards for data sharing across government agencies. The DATA ACT requires the use of...
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Interesting story in FCW about the current implementation by the DATA Act by the US Federal Government… The DATA Act requires the use of the eXtensible Business Reporting Language (XBRL) data standard for the tagging of both business and financial data for better transparency and...
Great article on Blockchain technology, cloud shared public ledgers and how it can be used for state, local and federal government to provide new services to the public. Premise: Blockchain technology can be applied using distributed public record technology that can be directed to a wide...
Congratulations to SASB's CEO Dr. Jean Rogers and her comment letter to the US SEC’s Concept Release on Business and Financial Disclosure Required by Regulation S-K for US Public Companies. The US SEC Concept Release discusses the concept of sustainability reporting by public companies as...
The European Parliament has voted in favor of new rules that will strengthen shareholder rights and facilitate cross-border voting under the Shareholders Rights Directive as the new Trump Presidential administration moves in the complete opposite direction related to enhanced corporate...
Interesting article … Largest democratic country in the world (India) is pushing the largest capital markets country in the world (USA) to have public companies disclose not only financial information but non-financial information to better serve both investors and the public. Including...
Great article about UK’s new narrative reporting framework for listed companies, banks and insurance enterprises with more than 500 employees that went into effect for financial reporting periods on or after January 1, 2017 . Companies, banks and insurance enterprises will be required...
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