XBRL: Transforming Financial and Regulatory Reporting

This Financial Insights Perspective reviews eXtensible Business Reporting Language (XBRL), which is rapidly gaining acceptance around the world as a more efficient vehicle for financial reporting, including corporate and bank regulatory and financial reporting. Readily available technical tools allow users of XBRL-formatted data, whether in the private or public sector, to benefit from easy and efficient access to data filed or submitted in such formats.