The Japanese Financial Services Agency (JFSA) has a bold plan to put Suptech (supervisory technology) to use in improving the sophistication and efficiency of its financial supervision.
The Danish Business Authority, one of Early Warning Europe’s 15 partners has developed a machine learning tool that uses publicly available accounting data to identify companies in financial distress.
The 10th XBRL Asia Round Table was held within a joint program with the Asian Development Bank (ADB) in Tokyo this week. Amongst many other presentations, delegations from the Japanese FSA, the Central Bank of the Russian Federation, the Reserve Bank of India, and the U.S. Federal Deposit Insurance Corporation shared their strategies for regulatory modernisation and digitisation.
The XBRL Standards Board has approved an important new release of the Open Information Model and xBRL-JSON specifications. The Open Information Model is a strategic initiative to simplify and modernise XBRL, allowing the free exchange of XBRL data into other formats.