Metadata Use in the Commercial Banking Industry

摘要

With its many information constituents including federal regulators, the commercial banking industry has an increasingly powerful incentive to coalesce on a metadata standard for the exchange of information. While the field of contenders is still quite large for transactional exchanges, there is a clear leader for financial reporting. Economists and other social scientists should welcome this development, inasmuch as XBRL-formatted call reports will soon become the stuff of trend analyses and other statistical research. The metadata scheme designed for information exchange will turn out to enable efficient information retrieval.