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SEC releases draft taxonomy updates for feedback

September 10, 2021

The US Securities and Exchange Commission (SEC) has published draft 2021Q4 and 2022 updates to the SEC taxonomies, and now welcomes public comment.

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FRC examines reporting needs on risks and opportunities

September 10, 2021

What do investors want to understand about risks, uncertainties, opportunities and scenarios? That’s a big – and fascinating – question, and one which the UK Financial Reporting Council’s Financial Reporting Lab has tackled in its latest report, seeking to bridge the gap between the information that users want and that companies provide.

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Inline XBRL and testing opportunities: XBRL US comments on SEC agenda

September 10, 2021

XBRL US has written to the Securities and Exchange Commission (SEC), providing feedback on its semiannual regulatory agenda and urging it to make time for testing.

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EU banks urged to accelerate ESG integration

September 10, 2021

A new EU study explores the current status of and best practices for the integration of environmental, social and governance (ESG) factors into the activities of the banking sector, including supervisory reporting.

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Mandatory sustainability reporting discussions in Japan and Philippines

September 10, 2021

With mandatory climate and other sustainability disclosure requirements apparently gaining impetus around the globe, the latest news this week has a Pacific flavour.

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APRA to make key bank data non-confidential

September 10, 2021

The balance between business confidentiality and transparency in reporting is a constantly disputed and ever-changing one. With that in mind, we are interested to note a recent announcement by the Australian Prudential Regulation Authority (APRA), affirming that it will publish entity-level data on authorised deposit-taking institutions – or in other words, banks.

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Nations compete to host ISSB

September 10, 2021

The new International Sustainability Standards Board (ISSB) is getting closer to becoming concrete reality – literally, with several countries registering their bids to host the Board’s headquarters.

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UK FCA seeks to expand accepted taxonomies

September 10, 2021

Tucked into Chapter 8 of the Financial Conduct Authority (FCA) Quarterly Consultation are proposals to allow UK issuers to use a wider range of XBRL taxonomies.

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BIS and central banks to test CBDCs across borders

September 10, 2021

The Bank for International Settlements (BIS) Innovation Hub, the Reserve Bank of Australia, the Bank Negara Malaysia, the Monetary Authority of Singapore, and the South African Reserve Bank have announced that they will be collaborating to test the use of central bank digital currencies (CBDCs) for international settlements.

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Specifications achieve Proposed Recommendation status

September 3, 2021

In August, the XBRL Standards Board voted to publish the xBRL-CSV, xBRL-JSON and xBRL-XML specifications to Proposed Recommendation, the final step before they mature to Recommendation status.

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