European Commission proposes Data Act
The European Commission has proposed a new Data Act addressing who can use and access data generated in the EU across all economic sectors.
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IASB priorities shift toward digital reporting
The International Accounting Standards Board (IASB) continues to consider the feedback to its Third Agenda Consultation on its priorities for 2022-2026.
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ESMA Chair emphasises the importance of data in understanding risk
“In a world that runs on data, good quality data is also the essential ingredient to effective risk analysis,” says Verena Ross, Chair of the European Securities and Markets Authority (ESMA) – and we would certainly agree.
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IMF looks ahead to new data gaps initiative
Last year, the International Monetary Fund (IMF) and the Financial Stability Board (FSB) outlined the need for a new initiative to continue the work of addressing data gaps, following the end of the G20 Data Gaps Initiative (DGI).
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EBA reports on identifier implementation
In 2020, the European Systemic Risk Board issued a Recommendation on the introduction of an EU framework to uniquely identify legal entities engaged in financial activities.
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New units available for consistent climate and energy reporting
The XBRL Standards Board has approved an update to the XBRL Unit Registry. It makes new standardised units available for measuring greenhouse gas emissions and for reporting in the energy sector.
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A global view and policy insights on XBRL implementation
There’s a tremendous amount for readers to get their teeth into in a report out this week from CPA Australia and the University of Adelaide, titled ‘Digital corporate reporting: Global experiences from the G20 and implications for policy formulation,’ by Prof Indrit Troshani and Dr Nick Rowbottom.
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APRA proposes major boost to pensions data transparency
The Australian Prudential Regulation Authority (APRA) has launched a consultation on plans to “sharply expand the breadth and granularity of the superannuation data it publishes” – ‘superannuation’ being Australian lingo for compulsory employee pensions.
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Updating the Transformation Rules that keep Inline XBRL data comparable
The XBRL Standards Board has approved the publication of a new version of the Transformation Rules Registry. Transformation Rules support the Inline XBRL specification, defining how values such as dates and numbers that are presented using local conventions are converted into the consistent, standardised formats required for structured data.
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FERC releases latest taxonomies
Following its successful implementation of XBRL last year, the US Federal Energy Regulatory Commission (FERC) has published an updated set of taxonomies for 2022.
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