15. XBRL is rapidly becoming the de facto standard for defining, exchanging and storing business information by regulators, stock exchanges, statistical offices, banks, and corporations across the world. 2007 Japan: publishes XBRL specification as official industrial standard. Spain: Spanish Stock Exchange uses XBRL for receiving and distributing public financial reports from 3,000 listed companies. The Bank of Spain is receiving regulatory data in XBRL from banks covering 80% of the Spanish market. The Bank of Spain has developed a Financial Information Exchange System to support XBRL reporting by credit institutions. Italy: MPS bank reports in XBRL. China: More than 800 companies filed their 2005 half-year reports in XBRL. Ireland: Central Statistics Office successfully piloted the use of XBRL in its industry surveys. Korea: Korean Stock Exchange offers XBRL-based financial statements in a multitude of languages. Denmark: Danish Commerce and Companies Agency (DCCA) allows XBRL filing of company financial statements. Belgium: 230,000 companies are expected to be using XBRL to report their required balance sheet to the Belgium Central Bank in 2007. US: FDIC receives quarterly bank information from 9000 financial institutions using XBRL. The SEC has offered incentives to companies to file financial reports in XBRL. UK: UK Inland Review accepts XBRL filings. Corporation Tax to be filed using XBRL. Netherlands: developed XBRL taxonomy foundations for transactions between government and its citizens.
16. SBR Banco de Espana Bundesbank CSRC DCCA FFIEC SEC Bank of Japan Tokyo Stock Exchange UK Inland Review UK Financial Services Authority TSX Shanghai Exchange Shenzhen Exchange PRV IRD National Tax Agency of Japan Luxembourg Stock Exchange KOSDAQ The Irish Revenue Dutch Tax Authority Dutch Water Authority XBRL Regulatory Adoption – Publicly Announced.
