Competing posts over at the TABB Forum look at the issue of improving data disclosure in the municipal securities market. Marc Joffe is bullish on XBRL for munis, and thinks XBRL based disclosure would help create better default models. Friedrich Lindenberg is less sanguine, believing that the same positive effect could be achieved with lighter weight standards such as CSV.
None of the players here think the existing PDF based disclosure should be left as it is, everyone agrees that there is a need for improvement. But we’ve been here before. XBRL has often been asked to justify its adoption in comparison to some other standard or incumbent method of collecting data. Continue reading XBRL for Municipal Disclosure: Good or Bad?