tag:blogger.com,1999:blog-19798349.post3945768973672418411..comments2024-03-22T12:20:48.920+00:00Comments on open...: The Open BankGlyn Moodyhttp://www.blogger.com/profile/04436885795882611585noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-19798349.post-89531214403959503642009-02-01T18:48:00.000+00:002009-02-01T18:48:00.000+00:00I'm impressed how well informed you are. Thanks f...I'm impressed how well informed you are. Thanks for the update on dear old XBRL - glad to hear it's flourishing. Let's hope it helps....Glyn Moodyhttps://www.blogger.com/profile/04436885795882611585noreply@blogger.comtag:blogger.com,1999:blog-19798349.post-71610425673408044792009-02-01T17:21:00.000+00:002009-02-01T17:21:00.000+00:00You posted about XBRL way back in 2007. Good news ...You posted about XBRL way back in 2007. Good news since then: This open standard computer language is alive and well and about to be applied to public company disclosure - but it's unclear when it will be applied to the asset disclosure at the root of today's crisis. Check http://paulwilkinson.com.<BR/><BR/>The data tags for all of U.S. GAAP were crowdsourced, and nothing in the financial sector is more complicated than U.S. GAAP. Other open banking and investment standard tags can be created as soon as the crowdsourcing infrastructure is deployed. The constraint, as Jeff implies, is government looking at old school solutions. Market transparency vs. bank secrecy is the big challenge. Make the bad assets transparent with an industry standard computing language, let those sitting on cash bid for the assets, and move on to the future.Anonymousnoreply@blogger.com