XBRL for credit ratings

[Cate Long]

I've been scheduled to present on the topic of credit rating agency
disclosure via XBRL at the "Workshop on Improving Access - Financial
Data on the Web" sponsored by the W3C and XBRL International at the
FDIC on Oct 5/6.

Here is the theme:

Financial Reporting with XBRL continued

12:15 "Reporting of municipal securities", Tim McNamar, E-Certus
Software

12:45 "Reporting of default statistics by credit rating agencies",
Cate Long, Multiple Markets

1:15 pm Panel discussion moderated by Diane Mueller
With topics such as: harmonization of government reporting, the
potential global impact of a single standard for financial reporting
by US government agencies, the role of a cross government data
repository and its governance model, how to realize best practices,
keeping costs in balance with the benefits, the impact of transparency
on the economy and society as a whole.

Howard Kaplan, SEC
Kevin Webb, Sunlight Foundation
Kevin Novak, Library of Congress
Mark Montoya, FDIC,
Walter Hamscher, SEC,
Richard Campbell, FDIC
Donna Roy, NIEM
Owen Ambur, AIIM
Tim McNamar, E-Certus Software
Dennis Newcomber, XBRL Internatioal, Best Practices Board

Any suggestions for content for the presentation is welcome.

The SEC has not formerly adopted XBRL tags for credit ratings yet and
the raters haven't built their databases and exposed them to the
public so we can't build a demo... but I can talk about the many
applications for this disclosure and how it can be mashed up with
pricing of corporate and muni securities, CDS, stock prices and other
types of financial data to enlarge the view of the credit markets.

Any suggestions for a title for the talk welcome...

[mike....@us.pwc.com]

Cate

Here are a couple of papers that may be useful:
        XBRL Web Services: Reducing the Risk of Credit Risk Processes http://www.pwc.com/en_GX/gx/xbrl/pdf/pwc_biu_xbrl_web_services.pdf
        XBRL: Streamlining Credit Risk Management http://www.pwc.com/en_GX/gx/xbrl/pdf/pwc_xbrlcrm.pdf

While not specifically on the topic of 'credit ratings; here is an article titled:  "Cheaper, Smarter, Faster; benefits to analysts from XBRL" http://blog.tertium.biz/PIxbrl.pdf

The http://www.freerisk.org site may be useful/relevant to this discussion as it seems to represent a 'Wikipedia' styled social analytical environment.

Finally, there is an interview article attached that may also provide some thoughts that may be useful.

best regards
Mike

Cate Long <cate...@gmail.com> Sent by: open-finan...@googlegroups.com 09/21/2009 10:44 AM Please respond to open-finan...@googlegroups.com "Reply to All" is Disabled

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[Cate Long]

Excellent Mike... 

Many thanks for sharing.

best, Cate

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[footnoted]

I'll also be at that conference sitting on a panel in the afternoon.
Would be great to meet in person, Cate. Mark Story at the SEC said
nice things about you.

Cheers,
Michelle
m...@footnoted.org
footnoted.org

On Sep 21, 12:08 pm, Cate Long <catel...@gmail.com> wrote:
> Excellent Mike...
> Many thanks for sharing.
> best, Cate
>
>
>
> On Mon, Sep 21, 2009 at 11:01 AM, <mike.wil...@us.pwc.com> wrote:
>
> > Cate
>
> > Here are a couple of papers that may be useful:
> >         XBRL Web Services: Reducing the Risk of Credit Risk Processes
> >http://www.pwc.com/en_GX/gx/xbrl/pdf/pwc_biu_xbrl_web_services.pdf
> >         XBRL: Streamlining Credit Risk Management
> >http://www.pwc.com/en_GX/gx/xbrl/pdf/pwc_xbrlcrm.pdf
>
> > While not specifically on the topic of 'credit ratings; here is an article
> > titled:  "Cheaper, Smarter, Faster; benefits to analysts from XBRL"
> >http://blog.tertium.biz/PIxbrl.pdf
>

> > Thehttp://www.freerisk.orgsite may be useful/relevant to this discussion

> > as it seems to represent a 'Wikipedia' styled social analytical environment.
>
> > Finally, there is an interview article attached that may also provide some
> > thoughts that may be useful.
>
> > best regards
> > Mike
>

> >  *Cate Long <catel...@gmail.com>*