The leading knowledge platform for the financial technology industry
The leading knowledge platform for the financial technology industry

A-Team Insight Blogs

Merrill Corporation’s Schlanger Joins XBRL US Board of Directors

Originally appeared in MiFID Monitor

Michael Schlanger, vice president of product management for XBRL at technology vendor Merrill Corporation, has been appointed to serve on the XBRL US board of directors. According to the vendor, Schlanger develops financial product strategies in response to client and regulatory needs and is on the leadership team guiding the development and sale of Merrill’s XBRL service offering.

Mark Bolgiano, president and CEO, XBRL US, explains the reasons behind the appointment: “Input from companies like Merrill and other reporting organisations will be important as we expand beyond financial statement reports into areas such as corporate actions, governance and proxy statements.”

XBRL US is responsible for developing the US GAAP Taxonomies under a contract with the Securities and Exchange Commission (SEC). Extensible business reporting language (XBRL) is the global open standard to prepare, publish, exchange and analyse business reports and statements in a machine readable format. On 17 December 2008, the SEC adopted rules that require all public US companies (and foreign companies that follow US GAAP rules) to file financial statements, footnotes and schedules in XBRL format.

Related content

WEBINAR

Recorded Webinar: Developing operational resilience

Financial institutions’ operational resilience – essentially the ability to prevent, adapt and respond to, and recover and learn from operational disruptions – has come under extreme pressure during the coronavirus pandemic, with last year’s March lockdown creating unprecedented circumstances for financial firms. Employees working from home raised the stakes, as they still do, adding to...

BLOG

ESMA Report Calls for Improvement in EMIR Data Quality, Monitoring of SFTR Data

The European Securities and Markets Authority (ESMA) has published a report on European Markets Infrastructure Regulation (EMIR) and Securitised Financing Transactions Regulation (SFTR) data quality – and it’s not all good news. While progress has been made, more effort is needed by national competent authorities (NCAs) and ESMA to further improve EMIR data quality. The...

EVENT

TradingTech Summit Virtual

TradingTech Summit (TTS) Virtual will look at how trading technology operations can capitalise on recent disruption and leverage technology to find efficiencies in the new normal environment. The crisis has highlighted that the future is digital and cloud based, and the ability to innovate faster and at scale has become critical. As we move into recovery and ‘business as usual’, what changes and technology innovations should the industry adopt to simplify operations and to support speed, agility and flexibility in trading operations.

GUIDE

Risk & Compliance

The current financial climate has meant that risk management and compliance requirements are never far from the minds of the boards of financial institutions. In order to meet the slew of regulations on the horizon, firms are being compelled to invest in their systems in order to cope with the new requirements. Data management is...