Congratulations to the Data Coalition led by Hudson Hollister and a host of Congressional, Treasury and Departmental leaders that have worked extremely hard over the last 6 years to bring the idea of open, standardised structured data to the US Government. Other countries can learn an enormous amount from their efforts.
On 6 June, the European Securities & Markets Authority will run a “Meet the Market” workshop in which its broad proposals for the rules that will govern Inline XBRL filing in Europe from 2020 will be discussed. In preparation for that event, ESMA released a range of unofficial, draft working papers for the consideration of relevant parties, including a set of proposals on Extensions.
The Spanish Government’s official gazette (Boletín Oficial del Estado) yesterday published updates to the reporting rules for private companies reporting to one of the Provincial Spanish Mercantile Registers. Private companies including SMEs deliver annual reports in a long form template, generally in XBRL, to their local business registry, which are then available via rmc.es. The […]
When it comes to artificial intelligence it seems that us humans have quite firm views about where we are comfortable letting machines into our lives. According to a new study conducted by banking giant HSBC, we are more likely to trust a robot to carry out open heart surgery than let a robo advisor invest […]
Project Jasper has been a year long experiment by the Canadian central bank to investigate whether blockchain, or DLT, could replace existing wholesale payments technology within that country’s financial system. The verdict? Not yet. For the moment, critical issues associated with privacy and scalability mean that the project won’t form the basis of interbank payments […]
Just as the world is shifting to wholesale reliance on digital structured data, there remains an effort within the US Congress to exempt smaller US companies. We believe that would harm transparency, hurting investors and small companies alike.
Which tools help regulators improve the ethics of market participants?
XBRL International has responded with a range of suggestions to the SEC’s call for comments on its proposals to shift to Inline XBRL.
A considerable focus at the IOSCO event was the waning of the global consensus that has driven reform in securities markets regulation since the global financial crisis. IOSCO has benefitted from clear guidance from political policy makers at the G20 level, which have then been focussed by the Financial Stability Board, turned into policy and principles at […]
As we mentioned last week, the FASB has issued an invitation to comment asking for input on ways to assess the efficiency and effectiveness of the US GAAP taxonomy. FASB’s invitation to comment provides detailed background and technical questions focused on how to make the taxonomy easier for users to navigate and how to improve […]