FSA shuns XBRL for electronic filing. By John Stokdyk
The UK's Financial Services Authority has broken ranks with the international movement to standardise electronic financial reporting around the extensible business reporting language, XBRL.
In a statement issued last week, the UK's financial regulator said it had determined that XBRL "is not the most appropriate technology for the FSA or UK financial services regulation at the current time".
As the FSA's document made clear, XBRL is the preferred route for a number of regulatory bod