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XBRL Russia accelerating

Posted on May 12, 2017 by Editor

xbrl RU

The Central Bank of Russia is leading the modernisation and digitisation of the financial sector in that country and the use of XBRL for data collection is a key part of this initiative.

The XBRL Russia website (it translates very effectively in Chrome) has recently been formally launched and contains a wealth of information about the standard and the way it will be used in Russia. The project will initially see data from insurance firms and pension funds collected using XBRL. For more on the CBRF journey, read this week’s update in the Bankir.ru.

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