In this interview, Glenn Doggett, CFA, director of standards of practice at CFA Institute and Jim Allen, CFA, head of capital markets policy at CFA Institute, discuss the current state of play and changes that should lead to increased acceptance of XBRL by users of financial information.
Glenn Doggett, CFA, is a director of professional standards at CFA Institute. His responsibilities include providing member guidance in applying the ethical and professional conduct standards of CFA Institute. In addition, Doggett is a specialist in XBRL.
The Securities and Exchange Commission has unanimously approved guidance that explains what publicly traded companies must disclose to investors regarding cybersecurity risks and incidents. Chairman Jay Clayton has called on public companies to examine cybersecurity procedures and controls. Pensions & Investments (free access for SmartBrief readers) (21 Feb.)
US bank regulators should keep the power to liquidate large, complex failed financial institutions in an orderly manner, the Treasury Department said in a report. However, this authority should be employed "as an emergency tool for use under only extraordinary circumstances," the report said. Bloomberg (free registration) (21 Feb.)
Sales of previously owned homes in the US declined 4.8% last month compared with January 2017, the sharpest year-over-year drop since 2014, according to the National Association of Realtors. Demand is strong, but prices are rising and supply is tightening, the trade group says. CBS News (21 Feb.)
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