XBRL Risk Reporting Initiative Goes Back to Basics

NEW YORK/WASHINGTON, DC - Industry efforts will have to focus on the language aspect of the extensible business reporting language (XBRL) to push forward efforts to create an XBRL taxonomy for the reporting of risk by financial firms, according to participants at the XBRL for risk reporting seminar in New York in February, Inside Reference Data has learned.

In the IBM-led initiative kick-off meeting, the group realized it is not about the repository, but the initial focus needs to be on getting