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Transparency and modernisation on SEC agenda with ‘a lot of regulatory work ahead’

June 18, 2021

The US Securities and Exchange Commission (SEC) has announced its annual regulatory agenda, as included in the Spring 2021 Unified Agenda of Regulatory and Deregulatory Actions published by the Office of Information and Regulatory Affairs.

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Central banks on CBDCs beyond borders

June 18, 2021

Will future central bank digital currencies (CBDCs) transcend national borders – potentially easing current frictions in cross-border payments – or are they likely to remain strictly local?

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EIOPA publishes draft PEPP KID taxonomy

June 18, 2021

The European Insurance and Occupational Pensions Authority (EIOPA) has published its first public working draft of the PEPP KID DPM and XBRL taxonomy, with outline reporting requirements. So what does all that mean? – let’s untangle the acronyms!

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Netherlands offers a model for ESEF audit

June 11, 2021

How can we facilitate effective and efficient assurance of European Single Electronic Format (ESEF) filings, and make it possible for auditors to do their jobs without needing to understand the technical aspects of Inline XBRL?

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Calculation inconsistencies and package errors: More common ESEF pitfalls

June 11, 2021

We bring you two new posts on ‘ESEF Errors and Common Pitfalls’ this week, from XBRL International’s Guidance Manager Revathy Ramanan.

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G7 backs mandatory climate disclosures

June 11, 2021

The Group of Seven (G7) Finance Ministers and Central Bank Governors have issued a communiqué calling for the introduction of mandatory climate-related disclosures and endorsing international initiatives, among other concrete actions to address today’s historic challenges.

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EBA recommendations on cutting supervisory reporting costs

June 11, 2021

he European Banking Authority (EBA) has identified 25 recommendations that together could reduce banks’ reporting costs by 15-24%. These are the conclusions of a comprehensive study on the costs of compliance with supervisory reporting requirements.

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Boring is good! Final wise words from IASB Chair

June 11, 2021

Hans Hoogervorst, outgoing Chair of the International Accounting Standards Board (IASB), has offered his “Final observations of an accidental accountant” at the International Financial Reporting Standards (IFRS) Foundation Virtual Conference 2021.

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ESMA updates ESEF rules to reflect 2021 IFRS Taxonomy

June 11, 2021

The European Securities and Markets Authority (ESMA) has published updated draft Regulatory Technical Standards (RTS) for the European Single Electronic Format (ESEF), reflecting this year’s IFRS Taxonomy.

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Further and faster: IIRC and SASB form Value Reporting Foundation

June 11, 2021

The International Integrated Reporting Council (IIRC) and the Sustainability Accounting Standards Board (SASB) have announced the finalisation of their merger to form the Value Reporting Foundation (VRF).

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