In an era in which sustainability is not just a choice but becoming a statutory obligation in much of the world, understanding the landscape is crucial for stakeholders throughout the business data ecosystem.
The data collection systems and processes at the European Banking Authority (EBA) and European Insurance and Occupational Pensions Authority (EIOPA) are currently undergoing a major overhaul to enhance their efficiency and effectiveness.
This week the European Financial Reporting Advisory Group (EFRAG) published for public consultation its Draft ESRS Set 1 XBRL Taxonomy, alongside a Draft XBRL Taxonomy for Article 8 disclosures.
The IFRS Taxonomy Consultative Group (ITCG) held an all day hybrid meeting yesterday covering a range of topics. The meeting was recorded and is now available on catchup from the IFRS website.
ICT providers and a wide range of service providers in the financial space are racing to work out whether their operations are impacted by new EU rules and if so, how. The definitions are fairly broad, so if your organisation has not already looked into DORA, the Digital Operational Resilience Act, now might be the right time.