mostly research stuff
great news for international research wonks: read an interesting blurb at compliance watch which discussed recent news from the european commission regarding the development of an edgar-like corporate filing and retrieval system…you know the ec right? it’s run by that guy romano prodi who had to respond to all of the anti-semitic crap that went down after he signed an article in the financial times last january…
from the full link above, “The European Commission will consider creating a pan-European electronic filing system similar to EDGAR, the Electronic Data Gathering, Analysis and Retrieval filing system used in the U.S., according to an industry official familiar with the Commission’s plans. Financial services firms would welcome the system because quick and easy electronic access to corporate financials, such as prospectuses, for companies listed in Europe is lacking for institutional investors…The recent rules, known as the Transparency Directive, will require companies to file quarterly financial statements (CR, 5/17). The rules will not be officially adopted by the Commission for a few months and member countries will be required to implement them next year….”
…there’s also an interesting (and quiet) mention that the demise of companies like enron and parmalat has prompted a serious need for this information…(you know parmalat, they make that nasty ass milk-in-a-box that stays room-temp forever)…but now i’m confused, is it standard practice in over two dozen countries currently evaluating this opportunity to refrain from giving it up to investors? do we need to beat the shit out of your currency again to get you to all wake up?
this blog is mostly safe for work, though i sometimes throw around a 'fuck' or two. you'll find a bunch of my articles from CI Magazine, SCIP online, other research pieces and some other crap. enjoy. there's lost of content here related to getting information about, around, from and through people and organizations...
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