The US Securities and Exchange Commission (SEC) has this week published two new rules that include XBRL reporting components, both now open for public comment.
The International Sustainability Standards Board (ISSB) has also this week outlined the steps needed on the path to establishing a comprehensive global baseline for sustainability disclosures.
We enjoyed the food for thought offered in a recent opinion piece by Jo Ann Barefoot on the case for placing artificial intelligence (AI) at the heart of digitally robust financial regulation.
We hear that public company filers to the UK Financial Conduct Authority (FCA) will continue to be able to use both European Single Electronic Format (ESEF) and UK Single Electronic Format (UKSEF) taxonomies.
The Securities and Exchange Board of India (SEBI) has constituted a new advisory committee on environmental, social and governance (ESG) matters in the securities market.
In addition to their expression of support for the work of the International Sustainability Standards Board – discussed here – the G7 Finance Ministers and Central Bank Governors have also strongly urged greater regulation of crypto assets, including enhanced disclosures.
Our ESEF repository at filings.xbrl.org now contains over 3,400 financial reports in the digital, Inline XBRL-based ESEF format. Yet only a handful of countries allow reliable, efficient automated retrieval of new filings.
“While there has recently been significant progress towards the development of a global baseline for sustainability reporting in the private sector, public sector sustainability reporting has yet to move forward in the same way,” says the International Public Sector Accounting Standards Board (IPSASB).
Recent remarks to the International Swaps and Derivatives Association (ISDA) by Gary Gensler, Chair of the US Securities and Exchange Commission (SEC), provide an interesting overview of recent and forthcoming regulation in the securities-based swap market.
XBRL Italy has published a useful FAQ on filing European Single Electronic Format (ESEF) reports with the Italian Business Register (Registro delle Imprese).
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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.
