Thoughts on policy, business, disclosure, and communications
New Fortune.com managing editor (and ‘95 Medill grad) Daniel Roth (@danroth) gave me a chance the other day to write a guest column on transparency and financial recovery and XBRL. It’s now here.
Thanks to another Fortune.com editor, I’m reminded of a lesson I learned myself at Medill (‘86) about the value of good editing. My [...]
BRUSSELS–As I’m enjoying outstanding Belgian cuisine with the family of a CLOUD, Inc. colleague after a day of meetings about how computer standards can improve the clarity and efficient use of information and provide for more accurate evaluation of the trust that one might place in information, a 500-mile drive south of here the world’s [...]
Updated: 8:30 a.m., Tuesday, Dec. 15
Government Transparency
Updates:
The House approved S. 303 by voice vote on Monday, Dec. 14. The bill text and debate are immediately below; the debate starts on page H14837. An easier-to-read version of S. 303 is also below. The most important part of the bill, about data standard requirements, is in xml [...]
In addition to improving asset-backed securities disclosure (using XBRL perhaps?), SEC Chairman Mary Schapiro called for substantive ABS regulation in a speech Tuesday to SIFMA, the parent organization of the American Securitization Forum (link to colorful Michael Lewis description):
ABS Regulation
In one final example, I believe there may be gaps that should be filled in the [...]
Updated: Dec. 15, 2009
Update: The SEC published its one-year extension on Dec. 15, 2009.
Extension of Filing Accommodation for Static Pool
Original Post
The SEC on Monday quietly proposed a brief rule to give asset-backed securities issuers an extra year of status quo disclosure. The original rule was approved in December 2004. Monday’s 17-page double-spaced proposal would [...]