XBRL US recently announced that it will host a free 60-minute webinar on Wednesday, October 28, 2020 at 3:00 PM EDT, to discuss whether regulators can build an efficient, cost-effective data standards program that establishes a long-term infrastructure while allowing for rapid responses to changing reporting needs.
The session will address how government regulators lay the foundation for developing successful data models by:
- measuring scope and specifying functional requirements
- connecting with stakeholders early in the process
- considering matters that need to be addressed upfront to ensure that the final standards program satisfies the needs of reporting entities, regulators, data intermediaries, and users
Presenters will also discuss how US regulators use data standards through case studies that present programs instituted by the Federal Energy Regulatory Commission (FERC), the Federal Deposit Insurance Corporation (FDIC), and the Securities and Exchange Commission (SEC). FERC will also share why it chose to develop a data standards program and what they expect to gain once utilities begin reporting in machine-readable format. They will discuss:
- FERC’s role in collecting data from public utilities
- What data is collected and who uses it
- What led FERC to look to standards to improve data collection
- Why FERC switched from their original plan for custom XML to XBRL
- How FERC’s collection system is changing with standards
- Who will gain from the standards program
The following speakers will be featured:
- Joe Luczka, Director, KPMG LLP
- Robb Hudson, Energy Industry Analyst, Federal Energy Regulatory Commission (FERC)
- Scott Theis, President and CEO, Novaworks LLC
For more information about the webinar and how to register, visit XBRL US’ events webpage.
Sources:
Webinar: Standards for Regulators – Defining the Data Model (xbl.us)
