XBRL Development in Russia

Posted on April 27, 2018 by Editor

The Central Bank of Russia continues to move forward with the rapid digitisation of its financial sector, not least with XBRL based reporting.  Beginning in June, investment funds and non-state pension funds will now be required to start submitting their financial statements in XBRL. Earlier this year insurance companies and broker/dealers moved over to XBRL reporting, with this new mandate from the Bank highlighting their focus on streamlining reporting for all entities.

You can read more here (in Russian but your chosen in-browser translation tool should help!).

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