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ECB takes steps to standardise statistical reporting: design phase launched

January 7, 2022

The European Central Bank (ECB) is moving forward in its work on harmonising statistical reporting for euro-area banks.

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Bank of England updates reporting requirements

January 7, 2022

The Bank of England’s Prudential Regulation Authority (PRA) has made a number of changes to its regulatory reporting requirements for the banking sector.

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ICAI seeks feedback on changes to Commercial & Industrial taxonomies for XBRL reporting

January 7, 2022

The Institute of Chartered Accountants of India (ICAI) is inviting comments on exposure drafts amending India’s Commercial & Industrial (C&I) taxonomies, used to underpin digital reporting.

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Bank of England bares teeth with regulatory reporting fine

January 7, 2022

In news that may catch the attention of doubters when it comes to investing in regulatory reporting, the Bank of England’s Prudential Regulation Authority (PRA) recently fined Metro Bank 5.38 million pounds (just over 7 million dollars) for failures in its regulatory reporting.

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EIOPA broadens scope of LEI guidelines

January 7, 2022

The European Insurance and Occupational Pensions Authority (EIOPA) has published today its revised Guidelines on the Legal Entity Identifier (LEI).

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New XBRL Certified Software from Semansys

January 7, 2022

We are delighted to announce that in 2021 two products from Semansys were recognised by our official certification programme as XBRL Certified Software.

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How green is your power?

January 7, 2022

Debate on sustainability reporting in Europe continues. On 31 December, the EU Council approved the EU Taxonomy Climate Delegated Act, part of the EU Action Plan on Sustainable Finance, enabling the regulation to take effect as of 1 January this year.

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More on electronic tax reporting in Hong Kong from PwC

January 7, 2022

Did you catch our story in December on the forthcoming introduction of Inline XBRL-based digital tax reporting for business by the Hong Kong Inland Revenue Department (IRD)?

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EIOPA consults on detailed guidance on using climate change risk scenarios in ORSA

January 7, 2022

The European Insurance and Occupational Pension Authority (EIOPA) has launched a consultation on draft application guidance on carrying out assessments of climate change materiality and using climate change scenarios in the Own Risk and Solvency Assessment (ORSA).

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Consulting on changes to IFRS Taxonomy 2021, reflecting amendment to IFRS 17

January 7, 2022

The International Financial Reporting Standards (IFRS) Foundation has published a proposed update to the IFRS Taxonomy 2021.

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