New Office at SEC Works to Expand Interactive Data Filing

Securities and Exchange Commission (SEC) Chairman Christopher Cox
recently announced the formation of the commission’s Office of Interactive
Disclosure. The office’s goal will be to direct the SEC’s global effort to
enhance and expand interactive financial data filing.

The commission appointed David Blaszkowsky, an 11-year veteran of
McGraw-Hill, as director of the office. Blaszkowsky will coordinate the SEC’s
disclosure modernization program and, according to the commission, “work with
investor groups, analysts, journalists and preparers of financial statement as
well as other key public and private sector stakeholders in the U.S. and around
the world to advance the use of interactive data in financial reporting.”

“David’s combination of capital markets and technology development
experience will be a tremendous asset to the commission as we transform
disclosure to make it easier for filers and more useful for investors,” said
Cox. “Helping improve our capital markets through lower-cost, faster and more
useful information is the heart of this mission, and it’s a mission he is
uniquely qualified to lead.”

Blaszkowsky served at McGraw-Hill’s Standard and Poor’s
(S&P’s) division as director of global market development for institutional
market services and as a senior director in equity research sevices.

The establishment of the office follows in a long line of
commission efforts to increase the use and awareness of interactive data filing,
involving the use of the eXtensible Business Reporting Language (XBRL), a
computer software language that labels certain elements of a company’s submitted
financial data with codes from standard lists called “taxonomies,” making it
easier for investors and analysts to locate, analyze and compare financial
information from a public company.

Jacob Barron, NACM staff writer

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