Interested in taking a deep-dive into XBRL International’s recently released Currency and Country Taxonomies? Paul Warren and Catalina Ibañes walk you through the details on this webinar.
The US Securities and Exchange Commission (SEC) has released a draft of the updated 2024 Variable Insurance Product (VIP) Taxonomy. This update follows the SEC’s adoption of rules amending Form N-4, which is now required for issuers of Registered Index-Linked Annuities (RILAs) and Registered Market Value Adjustment (MVA) Annuities to register offerings.
Last week, John Schindler, Secretary General of the Financial Stability Board (FSB), addressed the Eurofi Financial Forum in Budapest, stressing the need for better data and regulatory coordination in the non-bank financial sector.
Creating digital reports often involves making explicit certain information that legacy, analogue, reports leave implicit. While human readers can infer meaning from context and convention, XBRL requires data to be precise and unambiguous to ensure machines interpret it accurately.
The European Banking Authority (EBA) has launched its 2024 EU-wide transparency exercise, offering a detailed look into the financial health of Europe’s banking sector. This data-driven initiative is part of the EBA’s preparations for the 2025 stress tests, aimed at ensuring a stable and resilient banking environment.
KPMG and PwC have raised concerns over the draft EU regulations on country-by-country reporting (CbCR), seeking clearer guidance on the use of XBRL for tax reporting. The new rules mandate XBRL for reporting financial data, but specifics on its implementation are lacking, prompting calls for further clarification.
Earlier this month the European Banking Authority (EBA) released an updated list of validation rules under its Implementing Technical Standards (ITS) on supervisory reporting.
The International Accounting Standards Board’s (IASB) move to update the IFRS Accounting Taxonomy follows the April 2024 release of IFRS 18, which sets a new standard for presenting and disclosing financial data.
The IFRS Foundation has released a new guide aimed at helping regulators integrate the IFRS digital taxonomies into their digital filing systems. The guide supports regulators in meeting the growing need for structured, machine-readable financial and sustainability data, offering greater transparency and comparability across borders.
Earlier this summer XBRL US submitted comments to The Securities and Exchange Commission (SEC) on the recently released draft Cybersecurity Disclosure (CYD) taxonomy.
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XBRL International is a global not for profit operating in the public interest. Our purpose is to improve the accountability and transparency of business performance globally, by providing the open data exchange standard for business reporting.
