Government Cloud Authors: Elizabeth White, Liz McMillan, Gopala Krishna Behara, Raju Myadam, Kevin Jackson

Related Topics: Government Cloud

Blog Feed Post

XBRL Blog Magazine: Corporate Actions Conference, May 28, 2009, New York, to Feature Speakers from NIRI, SEC, NYSE Euronext, FDIC

NEW YORK, April 2 /PRNewswire/ — XBRL US and Securities Operations Forum jointly announced that top-name speakers will be presenting at a one-day conference, Corporate Actions 2009: Improving Issuer-Investor Communication by reducing risk and cost through technology standards, on May 28, 2009 in New York City at the Westin Times Square. This conference will explore how issuers can benefit from adopting information and technology standards for the creation, processing, distribution and analysis of corporate actions data.

Speakers at the conference will include:

    --  Jeff Morgan, President and CEO, National Investor Relations Institute
    --  David Blaszkowsky, Director, Office of Interactive Disclosure,
        Securities and Exchange Commission
    --  William Lutz, Deputy Director of the Office of Interactive Disclosure,
        Securities and Exchange Commission
    --  Jack Reerinck, Global Company News Editor, Reuters
    --  Julie Warren, Senior Managing Director, NY Life Investment Management
    --  Anthony DePalma, Senior VP, Brown Brothers Harriman
    --  Donald Donahue, Chairman and CEO, The Depository Trust & Clearing
    --  Alfred R. Berkeley, CEO and Chairman, Pipeline Trading
    --  Jamie Shay, Head of Standards, SWIFT
    --  Craig S. Dudsak, Managing Director, Global Transaction Services - Global
        Custody, Citi (Chair-Elect, Association of Global Custodians)
    --  Campbell Pryde, Chief Standards Officer, XBRL US
    --  Jon Wisnieski, Senior Policy Analyst, Federal Deposit Insurance
        Corporation (FDIC)
    --  Karla McKenna, Director, Citi, Chair, ISO TC68, Financial Services

    --  Ernesto Lanza, General Counsel, Municipal Securities Regulatory Board

Speakers representing the issuer, the processor and the user of public company announcement information will provide a detailed examination of the business case for solutions through standards. The conference will include the demonstration of a Corporate Actions data standard using XBRL (eXtensible Business Reporting Language) and aligned with the ISO 20022 standard for financial services.

“Public company press releases and prospectuses do not always follow a standard in how corporate action events are defined,” said Jeff Morgan, President and CEO of NIRI. “That may lead to a lack of clarity and the potential for inaccuracies when data intermediaries, processing agents and investors interpret the public company data. Investor relations officers, corporate secretaries and other public company representatives should understand the process and learn about the possibilities for improvement.”

Other conference highlights include:

    --  A global view of standards - speakers from Asia and Europe will explain
        the importance of global standards for corporate actions and examine
        results where XBRL has been implemented. Solutions through standards -
        panelists will discuss how standardization can enable
        straight-through-processing from issuer to investor
    --  Solutions through technology - current implementations of XBRL will be
        presented including bank institution call reports and US GAAP reporting
        by public companies

    --  CPE credit will be available

“If everyone can agree on an industry information standard that can be combined with the XBRL technology standard, we can have greater transparency and better communication between issuers and investors. Now that the SEC has begun to require public companies to file XBRL-formatted financial statements, issuers can follow the SEC’s lead and adopt a corporate actions data standard and provide that information in XBRL format,” said Bill Lutz, Deputy Director of the Office of Interactive Disclosure, Securities and Exchange Commission.

Individuals who should attend the conference from the issuer side include financial executives, corporate secretaries, and investor relations officers as well as underwriters and attorneys. Regulators, custodians, broker dealers and investors involved in corporate actions should also attend.

The conference is hosted jointly by XBRL US, the national consortium for XML business reporting standards, and by Securities Operations Forum, an educational center for operations professionals in the financial services industry. The event is presented in association with The Depository Trust & Clearing Corporation (DTCC) and SWIFT, the global provider of financial messaging for over 200 countries (75 million corporate actions messages in 2008). To register and for more information, click here (http://www.soforum.com/conferences/corporate-actions-2009-improving-issuer-investor-communications.agenda-990174.htm).

About DTCC

The Depository Trust & Clearing Corporation (DTCC), through its subsidiaries, provides clearance, settlement and information services for equities, corporate and municipal bonds, government and mortgage-backed securities, money market instruments and over-the-counter derivatives. In addition, DTCC is a leading processor of mutual funds and insurance transactions, linking funds and carriers with financial firms and third parties who market these products. DTCC’s depository provides custody and asset servicing for more than 3.5 million securities issues from the United States and 110 other countries and territories, valued at $27.6 trillion. In 2008, DTCC settled more than $1.88 quadrillion in securities transactions. DTCC has operating facilities in multiple locations in the United States and overseas.

About Securities Operation Forum

Securities Operations Forum is the leading educational company in the US securities processing industry, providing conferences, books, classroom training and eLearning programs to thousands of professionals each year. More information is available at www.soforum.com.


SWIFT is a member-owned cooperative that provides the communications platform, products and services to connect over 8,500 banking organisations, securities institutions and corporate customers in more than 200 countries. SWIFT enables its users to exchange automated, standardised financial information securely and reliably, thereby lowering costs, reducing operational risk and eliminating operational inefficiencies. SWIFT also brings the financial community together to work collaboratively to shape market practice, define standards and debate issues of mutual interest.

About XBRL

XBRL (Extensible Business Reporting Language) is a royalty-free, open specification for software that uses XML data tags to describe business and financial information for public and private companies and other organizations. XBRL benefits all members of the information supply chain by utilizing a standards-based method with which users can prepare, publish in a variety of formats, exchange and analyze business and financial statements and the information they contain.


XBRL US is the non-profit consortium for XML business reporting standards in the United States and is a jurisdiction of XBRL International. It represents the business information supply chain, including accounting firms, software companies, financial databases, financial printers and government agencies. Its mission is to support the implementation of XML business reporting standards through the development of taxonomies relevant for use by US public and private sectors, working with a goal of interoperability between sectors, and by promoting adoption of these taxonomies through the collaboration of all business reporting supply chain participants. XBRL US has developed taxonomies to support U.S. GAAP and common reporting practices under a contract with the Securities and Exchange Commission. The XBRL US GAAP Taxonomies are available for review at http://xbrl.us/pages/us-gaap.aspx.




Register for the conference at:



Read the original blog entry...

More Stories By Diane Mueller

Diane Mueller is a leading cloud technology advocate and is the author of numerous articles and white papers on emerging technology. At ActiveState, she works with enterprise IT and community developers to evangelize the next revolution of cloud computing - private platform-as-a-service. She is instrumental in identifying, building, and positioning ActiveState's Stackato cloud application platform. She has been designing and implementing products and applications embedded into mission critical financial and accounting systems at F500 corporations for over 20 years. Diane Mueller is actively involved in the efforts of OASIS/TOSCA Technical Committee working on Cloud Application Portability, works on the XML Financial Standard, XBRL, and has served on the Board of Directors of XBRL International. She currently works as the ActiveState Cloud Evangelist.

IoT & Smart Cities Stories
CloudEXPO New York 2018, colocated with DXWorldEXPO New York 2018 will be held November 11-13, 2018, in New York City and will bring together Cloud Computing, FinTech and Blockchain, Digital Transformation, Big Data, Internet of Things, DevOps, AI, Machine Learning and WebRTC to one location.
Poor data quality and analytics drive down business value. In fact, Gartner estimated that the average financial impact of poor data quality on organizations is $9.7 million per year. But bad data is much more than a cost center. By eroding trust in information, analytics and the business decisions based on these, it is a serious impediment to digital transformation.
@DevOpsSummit at Cloud Expo, taking place November 12-13 in New York City, NY, is co-located with 22nd international CloudEXPO | first international DXWorldEXPO and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The widespread success of cloud computing is driving the DevOps revolution in enterprise IT. Now as never before, development teams must communicate and collaborate in a dynamic, 24/7/365 environment. There is no time t...
The best way to leverage your Cloud Expo presence as a sponsor and exhibitor is to plan your news announcements around our events. The press covering Cloud Expo and @ThingsExpo will have access to these releases and will amplify your news announcements. More than two dozen Cloud companies either set deals at our shows or have announced their mergers and acquisitions at Cloud Expo. Product announcements during our show provide your company with the most reach through our targeted audiences.
Digital Transformation: Preparing Cloud & IoT Security for the Age of Artificial Intelligence. As automation and artificial intelligence (AI) power solution development and delivery, many businesses need to build backend cloud capabilities. Well-poised organizations, marketing smart devices with AI and BlockChain capabilities prepare to refine compliance and regulatory capabilities in 2018. Volumes of health, financial, technical and privacy data, along with tightening compliance requirements by...
DXWorldEXPO LLC, the producer of the world's most influential technology conferences and trade shows has announced the 22nd International CloudEXPO | DXWorldEXPO "Early Bird Registration" is now open. Register for Full Conference "Gold Pass" ▸ Here (Expo Hall ▸ Here)
Bill Schmarzo, Tech Chair of "Big Data | Analytics" of upcoming CloudEXPO | DXWorldEXPO New York (November 12-13, 2018, New York City) today announced the outline and schedule of the track. "The track has been designed in experience/degree order," said Schmarzo. "So, that folks who attend the entire track can leave the conference with some of the skills necessary to get their work done when they get back to their offices. It actually ties back to some work that I'm doing at the University of ...
Rodrigo Coutinho is part of OutSystems' founders' team and currently the Head of Product Design. He provides a cross-functional role where he supports Product Management in defining the positioning and direction of the Agile Platform, while at the same time promoting model-based development and new techniques to deliver applications in the cloud.
IoT is rapidly becoming mainstream as more and more investments are made into the platforms and technology. As this movement continues to expand and gain momentum it creates a massive wall of noise that can be difficult to sift through. Unfortunately, this inevitably makes IoT less approachable for people to get started with and can hamper efforts to integrate this key technology into your own portfolio. There are so many connected products already in place today with many hundreds more on the h...
With 10 simultaneous tracks, keynotes, general sessions and targeted breakout classes, @CloudEXPO and DXWorldEXPO are two of the most important technology events of the year. Since its launch over eight years ago, @CloudEXPO and DXWorldEXPO have presented a rock star faculty as well as showcased hundreds of sponsors and exhibitors! In this blog post, we provide 7 tips on how, as part of our world-class faculty, you can deliver one of the most popular sessions at our events. But before reading...