Christopher Cox, chairman of the Securities and Exchange Commission, started a small business with his father in the 1980s that translated the Soviet newspaper Pravda intoEnglish and sold it in 26 countries.
Two decades later, and Mr Cox is again in the communications business. But this time his target is company filings. Yesterday, the SEC held a public workshop into a web-based data retrieval and analysis system called XBRL (Extensible Business Reporting Language). Mr Cox believes it will "revolutionise the SEC's public company disclosure system".
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