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EBA corrects reporting taxonomies for backward compatibility

May 7, 2021

The European Banking Authority (EBA) has published an erratum for the technical package on its reporting framework 3.0 phase 2.

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Fitness check finds EU financial reporting fit for purpose

May 7, 2021

The European Commission has published the results of its 2018 ‘fitness check’ assessment of public reporting by EU companies.

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SEC invites comment on data collection from NRSROs

May 7, 2021

The US Securities and Exchange Commission has published a proposed collection and comment request on the existing collection of information from Nationally Recognized Statistical Rating Organizations, or NRSROs.

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GLEIF explains how to become a Validation Agent, and why

May 7, 2021

The Global Legal Entity Identifier Foundation (GLEIF) has produced a new e-book on ‘The Seven Step Process to Becoming a Validation Agent’, discussing the new role it has created to help financial institutions (FIs) overcome delays and make Legal Entity Identifier (LEI) issuance more efficient.

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Small files, lots of data: Bank of Russia launches xBRL-CSV reporting

April 30, 2021

Congratulations to our friends at the Bank of Russia! It has become the first regulator to collect data using the xBRL-CSV format, facilitating the submission, storage and analysis of large volumes of granular data.

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US Treasury Secretary Yellen calls for consistency in climate disclosures

April 30, 2021

In remarks to the Institute of International Finance on 21 April, US Secretary of the Treasury Janet Yellen laid out the Treasury’s ‘whole-of-government’ approach to climate change, and emphasised the importance of disclosure.

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Insights on validation from CoreFiling

April 30, 2021

Our (many!) readers concerned with data quality, and the processes involved in validation, may be interested in a new blog series on validity in XBRL from CoreFiling, from Executive Chairman Philip Allen.

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Does XBRL offer investors predictive benefits? Research says yes

April 30, 2021

To us at XBRL International it’s clear that XBRL data enables better decision making and offers value to investors and users of all kinds. Supporting that assertion is a point-of-view post at XBRL US, in which Steven Huddart of the Smeal College of Business at Penn State University asks “Are XBRL data better at predicting […]

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FCA announces ‘regulatory nursery’ for new companies

April 30, 2021

The UK’s Financial Conduct Authority (FCA) has unveiled plans to establish a ‘regulatory nursery’ for newly-authorised financial services companies, creating a period of greater oversight and guidance as they develop.

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European sustainability standards expected within 18 months

April 30, 2021

In an interview with ESG Investor, Patrick de Cambourg, Chair of the European Financial Reporting Advisory Group (EFRAG) task force charged with developing non-financial standards, has said Europe could have sustainability reporting standards within 18 months.

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