This is at least what industry groups hope will happen. In fact, there is already a
working group creating an XBRL taxonomy for corporate actions, and Swift and the
Depository Trust & Clearing Corporation are both working with XBRL on the corporate
actions initiative. So even though change is not expected overnight, the development is
now a lot more encouraging than it was a year back.
Corporate actions and the issuer debate is now, in fact, becoming an important area
to follow. And with this special report, which includes comments from industry experts
and a news review, we hope to give readers the opportunity to keep on top of the latest
developments in the corporate actions space.
Source: Inside Reference Data, April 2009