Many investors and academics use financial statement data drawn from data service providers. These commercial services generally provide a summarised and normalised version of the face financial statements, without additional data drawn from the notes. Of course, in a number of countries you can now use XBRL formatted data that is filed with the regulator […]
It is time for another Members’ Forum Webinar! XBRL International is happy to announce “Navigating the IFRS Taxonomy,” a webinar with special guests Rita Clijmans and Aishat Akinwale from the IFRS Foundation. Rita Clijmans, Senior Technical Manager IFRS Taxonomy and Aishat Akinwale, Technical Manager will present the general design principles of the IFRS Taxonomy as well as digging deeper […]
The European Banking Authority (EBA) has now published amendments to a range of its Implementing Technical Standards (ITSs), Data Point Model, XBRL taxonomy and a release of a new ITS on reporting for resolution plans. These amendments aim to synchronise reporting requirements with the changes to the regulatory framework and help meet the evolving risk […]
Inline XBRL, or iXBRL, brings together human-readable and computer-readable reports into a single document. Doing so sometimes highlights the conflict between the human need for readability, and a desire for consistent and complete structured data. A good example of this is reports that provide the same figure several times at differing precisions. For example, revenue […]
How does government plan for the introduction and utilisation of Artificial Intelligence? Data. Without data, AI is a boat without a paddle. The United Arab Emirates is moving toward their vision of being a leader in the “Age of Artificial Intelligence” by creating a national data portal which contains open data on several major industries […]
Do you use a bank website or app? Does it meet your needs and expectations? Is it easy to use? Does it combine data from multiple sources in order to provide you with valuable insights about your personal or business finances? Thought not. That’s the insight that has given rise to the Open Banking initiative […]
A terrifying study out this week from IFAC says that the burden on internationally operating businesses caused by different regulatory arrangements is in excess of $780 billion USD. That’s more than the GDP of Switzerland. Or Malaysia and Singapore combined. It’s half the GDP of Brazil, population 200M+!
Regulators are streamlining identity by adopting the LEI. With more than 1.2 million LEIs already acquired by companies operating in financial markets, this global identifier is now the preferred solution for regulatory reporting right around the world.
The Reserve Bank of India (RBI) has banned regulated banks and their customers from dealing in cryptocurrencies. In an April 6 statement, the central bank announced that its regulated entities may not deal with or provide services to any individual or business dealing with or settling virtual currencies. Moreover any bank currently in a trading […]
The US Treasury has launched a new analytics portal based on public spending data it collects through the DATA Act. The platform makes it easy to access the data on government appropriations and the activities, contracts, and grants they fund – across all US Federal agencies, searchable on a single platform. Other countries considering the opportunities […]