Electronic Financial Reporting and Disclosure
Chairman Christopher Cox talked about a proposed electronic system of disclosure to improve the information available to investors and reduce the disclosure and reporting costs for companies. This new system, which the chairman called “interactive data,” used capabilities of a new computer language (known as XBRL) to make corporate data, including the text disclosures in Management’s Discussion and Analysis in the 10-K report, far more accessible to investors and analysts and less expensive for reporting companies to produce. close
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C. Christopher Cox Chair Securities and Exchange Commission
Peter J. Wallison Resident Fellow American Enterprise Institute
- American Enterprise InstituteAmerican Enterprise Institute
Telephone lines were opened for comments on the question, “Should the government regulate credit card fees?”
Mutual Fund Regulation
Peter Wallison and Robert Litan talked about monitoring the financial services industry and the efforts by the…
Financial Market Issues: Open Phones
Telephone lines were opened for viewer comments on Secretary Paulson’s speech about oversight of financial institutions.
President Bush spoke about developments in the financial markets and federal efforts to stabilize them.