Here are the three most relevant developments in the world of structured reporting we became aware of in the course of last week.
For every utility, it’s crucial to track and compare across peers. How to build resilient grids? How to deal with rising costs? How does my company stack up in this new day and age? These questions are only becoming more pressing as government policies set targets to improve transmission infrastructure, encourage building of DERs and still keep customer costs low amidst unprecedented inflationary pressures.
This is a very nice showcase for the usefulness of XBRL in granular data analysis.
XBRL US has submitted a comment letter on a Securities and Exchange Commission (SEC) notice of information collection for Form N-MFP. This is used by money market funds to make monthly reports, requiring disclosures related to portfolio holdings, including daily and weekly facts. Currently, this form is reported in XML format.
Given the SEC’s recent track record, it would not be surprising at all if it were to comply with that suggestion in due course.
Christian Dreyer CFA is well known in Swiss Fintech circles as an expert in XBRL and financial reporting for investors.
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