Financial Data on the Web: A Collaborative Workshop with W3C and XBRLInternational, Inc.

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Technical experts in government, business and academia to discussreporting, transparency and access to financial data.
FDIC to host event 5-6 October 2009 in Washington, DC.

W3C Contact Americas, Australia--

Karen Myers <karen@w3.org>, +1.617.253.5509or+1.978.502.6218

W3C Contact Europe, Africa and the Middle East--

Marie-Claire Forgue, <mcf@w3.org>, +33 6 76 86 33 41

XBRL International, Inc. Contact --

Cheryl Neal, <cherylneal@xbrl.org> +1.618.263.4383

http://www.w3.org/-- 5 October 2009 -- TheWorld Wide Web Consortium (W3C) andXBRL International, Inc. (XII)

will bringtogether technical and financial experts at theWorkshop on Improving Access toFinancial Data on the Web,

5-6 October in Washington, DC to address keychallenges and collaborative possibilities in reporting, transparency andaccess to government and corporate financial data on the Web. The FederalDeposit Insurance Corporation (FDIC) willhost the event. Diane Mueller, vice president of XBRL Development, JustSystemsand XBRL International Board Member and Dave Raggett, W3C Fellow, are co-chairsof the Workshop.

"The topic of transparent financial reporting for government and businesshas never been more timely," said Tony Fragnito, CEO of XBRL International,Inc. "XBRL is already widely adopted globally for financial reporting in boththe corporate and banking sectors. (See the U.S. Securities and ExchangeCommission press release "Market Cap of'Interactive Data' Filers Tops $2 Trillion

".) We are also experiencingincreasing usage of XBRL for government reporting."

In May 2008 the U.S. Securities and Exchange Commission (SEC) issued aruling requiring companies to provide financial information using the standarddata format XBRL, beginning in June 2009 for the largest public companies andwithin three years for all public companies. David M. Blaszkowky, director ofthe SEC's Office of Interactive Data Disclosure, commented, "Information —meaningful, accurate, timely, easy-to-use financial reporting — always hasbeen the driver of commerce and markets. This proposal provides the criticalregulatory framework by which interactive data will make financial reportingmore easily and quickly available, and help transform the relationship betweenfiler and investor."

Workshop Goals

The main goal of the Workshop is to identify opportunities and challengesfor improving access to financial data on the Web. Participants will discusshowExtensible Business ReportingLanguage (XBRL)and related XML data standards can best be utilized, andhow using XBRL to provide financial data via the Web relates to broaderopportunities forSemantic Webtechnologies. More than 15 speakers and 100 participants will discuss topicssuch as interoperability and harmonization of standard data formats and theimpact of the increased transparency on the economy and society as a whole.

High-Profile Speakers to Address Key Themes

• The SEC's David M. Blaszkowsky and Walter Hamscher will provide an update on financial reporting with XBRL, now that a number of files for EDGAR XBRL and Interactive Data submissions are available on the SEC Web site.

• Mike Bartell, chief information officer of the FDIC, will provide opening remarks and highlight key themes and challenges of using the data format now that banks submit call reports to the FDIC using XBRL.

• Anthony Hoang, on behalf of Donna Roy, director, Enterprise Data Management Office, and executive director, National Information Exchange Model, will address some of the opportunities for the integration and harmonization of NIEM for its transactional information exchange framework, and XBRL for its advanced technology for financial reporting.

• Dave Raggett, W3C and leading experts from the Semantic Web community, including Lee Feigenbaum, Cambridge Semantics, Edward Curray and Sean O'Riain , DERI, Brand Niemann, EPA, and Benjamin Grosof, Vulcan, Inc., will discuss ways of combining XBRL with Semantic Web technologies.

Media Briefings Available

Representatives from the W3C and XBRL International, Inc. are available forcomment after the Workshop. Attendance is limited to those who havepre-registered and submitted position papers or statements of interest.

About XBRL International, Inc. [XII]

XBRL International, Inc. (XII) is a not-for-profit corporation of over 500companies and agencies worldwide working together to build the XBRL languageand promote and support its adoption. XII members work collaboratively inpromoting the adoption of XBRL and the reporting process improvements itenables. Interested companies and agencies are encouraged to join XBRLInternational, Inc. and participate in building the future of electronicbusiness reporting. Additional information about XBRL International, Inc. maybe found at

abouttheorganisation="AboutTheOrganisation">http://www.xbrl.org/AboutTheOrganisation/

About the World Wide Web Consortium [W3C]

The World Wide Web Consortium (W3C) is an international consortium whereMember organizations, a full-time staff, and the public work together todevelop Web standards. W3C primarily pursues its mission through the creationof Web standards and guidelines designed to ensure long-term growth for theWeb. Nearly 350 organizations are

list="List">Members

of the Consortium.W3C is jointly run by theMIT ComputerScience and Artificial Intelligence Laboratory(MIT CSAIL) in the USA, theEuropean Research Consortium for Informaticsand Mathematics(ERCIM) headquartered in France,Keio University

in Japan, and has additionalOffices worldwide. For moreinformation seehttp://www.w3.org/

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