Two years ago, Europe’s banking supervisor warned that oversight of technology risk needed to step up a gear. Now, as the Digital Operational Resilience Act (DORA) takes root, the regulator finds that supervisory teams in member states are better placed to deal with these issues.
Two of Europe’s key financial authorities have weighed in on proposed changes to the European Sustainability Reporting Standards (ESRS), welcoming simplification but warning against any loss of substance.
Imagine a finance ministry that has just finalised its audited financial statements, only to begin the painstaking process of reshaping much of the same data to produce financial statistics for international reporting. The numbers may be related, but the frameworks are not fully aligned, and the reconciliation can be time-consuming, complex, and at risk of […]
Financial Reporting Council (FRC) has confirmed that companies using adapted financial statement formats will remain aligned with international requirements.
After nearly two years of endorsement deliberations, the European Union has formally adopted IFRS 18 Presentation and Disclosure in Financial Statements, publishing the Commission Regulation in the Official Journal on 16 February 2026.
As Europe recalibrates its sustainability reporting regime, The European Insurance and Occupational Pensions Authority (EIOPA) has issued its Opinion on the draft revised European Sustainability Reporting Standards (ESRS), responding to technical advice from European Financial Reporting Advisory Group (EFRAG).
New York lawmakers are moving to expand corporate climate transparency, with the State Senate passing the Climate Corporate Data Accountability Act (S9072A) on 28 January.
Artificial intelligence may be the most talked-about force in finance right now, but behind the buzz lies a more complicated reality. In a recent article, Sebastian Reinhard of Caleo argues that large language models (LLMs) promise transformative gains in financial planning yet without structure, governance and domain expertise, they risk delivering more noise than value.
On 15 May Stevens Institute of Technology will host the AI and Structured Data Forum: Optimizing Performance, a one-day gathering co-produced by XBRL US and the Center for Research toward Advancing Financial Technologies (CRAFT).
Indonesia is considering adopting globally aligned sustainability reporting, as the Otoritas Jasa Keuangan (OJK) launches a consultation on new rules that would require sustainability disclosures aligned with International Sustainability Standards Board (ISSB) standards.
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