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Tales of a jurisdiction: the first three years of XBRL Russia

May 21, 2021

Over in the Taggings section of the XBRL International website we have a very interesting guest post from Stanislav Korop, Deputy Director Data Governance Department, Bank of Russia, on the activities and successes of XBRL Russia.

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Wes Bricker on ESG reporting opportunities

May 21, 2021

“Corporations are at an inflection point when it comes to ESG,” says Wes Bricker, Vice Chair – US and Mexico Assurance Leader at PwC and Chair of XBRL International’s Board of Directors, in a short guest post at ESG Today that nonetheless offers plenty to think about.

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Australia sets go-live dates for APRA Connect

May 21, 2021

The Australian Prudential Regulation Authority (APRA) has confirmed that its new data collection system, APRA Connect, will launch in September 2021.

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EBA invites feedback on NPL data templates

May 21, 2021

The European Banking Authority (EBA) has published a discussion paper inviting input on its standardised non-performing loan (NPL) data templates. These provide a common basis for data exchange in secondary markets, forming part of the overall strategy to tackle NPLs in the EU.

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Mohini Singh on the need for global sustainability standards

May 21, 2021

In another great opinion piece from our Board, Mohini Singh, ACA, Director of Financial Reporting Policy at CFA Institute and Treasurer of the XBRL International Board of Directors, writes in Reporting Times on ‘The need for high-quality, globally comparable international sustainability standards.’

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EBA announces plans for 2021 transparency exercise

May 21, 2021

The European Banking Authority (EBA) has affirmed that its EU-wide 2021 transparency exercise will be carried out in autumn, with the launch planned for September. This annual exercise is part of the EBA’s endeavours to foster transparency and market discipline.

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Building blocks are key: IOSCO and IFAC support for sustainability standards

May 14, 2021

Jean-Paul Servais, Vice Chair of the International Organization of Securities Commissions (IOSCO) and Chair of the International Financial Reporting Standards (IFRS) Foundation Monitoring Board, recently explored why IOSCO believes in the IFRS Foundation Trustees’ sustainability initiative and how IOSCO will support it.

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Comparing financial crises

May 14, 2021

Admittedly, one for the financial regulators! Those who fail to learn from history are condemned to repeat it… and this is certainly true in relation to financial crises.

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EBA releases v3.1 of its reporting framework, with taxonomy updates

May 14, 2021

The European Banking Authority (EBA) has published phase 1 of the new version 3.1 of its reporting framework, which is expected to apply from September 2021. It reflects new reporting requirements for investment firms, as well as changes to resolution planning reporting and supervisory benchmarking.

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EIOPA launches 2021 stress test

May 14, 2021

The European Insurance and Occupational Pensions Authority (EIOPA) has launched its 2021 insurance stress test. It aims to assess the resilience of the European insurance market in case of adverse financial and economic conditions and identify the market’s vulnerabilities.

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