SEC announces new unit to lead global move to interactive data
Securities and Exchange Commission Chairman Christopher Cox has announced the creation of a new office within the 74-year old agency to lead the transformation to interactive financial reporting by public companies. The new Office of Interactive Disclosure will be headed by David Blaszkowsky, 45, an 11-year veteran of McGraw-Hill, whose career includes seven years with the firm's Standard & Poor's division, as the agency's Director of Interactive Disclosure.
At the SEC, Blaszkowsky will coordinate the agency-wide disclosure modernization program, and will work with investor groups, analysts, journalists, and preparers of financial statements as well as other key public and private sector stakeholders in the United States and around the world to advance the use of interactive data in financial reporting.
"Helping improve our capital markets through lower-cost, faster and more useful information is the heart of this mission," SEC Chairman Christopher Cox said in a statement.
The creation of the Office of Interactive Disclosure is the latest step in the process of embracing the Extensible Business Reporting Language, XBRL.