XBRL in the Federal NIEM Framework
summary
XBRL is a 15,000-element financial XML used by the SEC and FDIC to automate filings; about 20% of U.S. assets—$35 trillion of an estimated $180 trillion report in year two of a three‑year roll‑out and banks already file quarterly to the FDIC. NIEM is a 6,000‑element interoperability model used across 50 states, ~18,000 police departments and ~120,000 first responders and in ~60–75% of federal agencies. Examples include SWIFT/DTCC corporate‑actions work ($2.5 quadrillion in settlements), privacy annotations, and reported ~20% IT development cost reduction.
AI-written summary · about
chapters (11)
- 0:00XBRL and NIEM intro
- 1:32What is NIEM adoption
- 2:39Structured data challenges
- 3:42NIEM in law enforcement
- 5:29XBRL early wins in finance
- 7:43Structured data transforms analysis
- 9:28XBRL taxonomy sources
- 9:51NIEM model and governance
- 10:54Privacy in data exchange
- 11:56Evolving privacy concept
- 13:01Structured data cost savings
related talks
50mHow to master the massive flow of regulatory data in XBRL, ...
45mDefending the Global Financial Backbone: Euroclear's...
16mEnabling Data Driven Enterprise
32mFINRA's knowledge graphs improve regulatory investigations
32mFINRA's knowledge graphs improve regulatory investigations
01h 18mUsing Financial Data APIs: A Guide to Collection & Integration
40mJourneying Through Data Spaces - A New Path to Interoperability?
13mOptimizing Financial Accuracy