Following a 2020 consultation, the Securities and Exchange Board of India (SEBI) has decided to introduce new environmental, social, and governance (ESG) reporting requirements.
The UK’s Department for Business, Energy & Industrial Strategy (BEIS) has published a consultation on mandatory disclosures in line with the recommendations of the Task Force on Climate-related Financial Disclosure (TCFD).
The Australian Prudential Regulation Authority (APRA) has released a response paper and final reporting standards for Phase 1 of its multi-year Superannuation Data Transformation (SDT), superannuation being Australia’s term for compulsory employee pensions.
What new challenges emerge from bigtech participation in financial services, and how should policy makers and regulators tackle them? Those are the questions considered in a new brief from the Bank for International Settlements (BIS) Financial Stability institute (FSI), ‘Big techs in finance: regulatory approaches and policy options.’
One for the technologically-minded among our readers? Recognising regtech’s role in revolutionising risk management and compliance, The HKMA (Hong Kong Monetary Authority) has launched its ‘Global Regtech Challenge.’
All 154 submissions to the European Commission consultation on the establishment of a European Single Access Point (ESAP) are now available to download, and we’re pleased to see a strong positive response in favour of using XBRL.
The International Financial Reporting Standards (IFRS) Foundation has published the IFRS Taxonomy 2021. This year’s changes include three IFRS Updates that reflect amended IFRS Standards to support changes in reporting around specific issues.
In another annual taxonomy refresh, the US Financial Accounting Standards Board (FASB) has confirmed that the Securities and Exchange Commission (SEC) has approved its 2021 GAAP Financial Reporting Taxonomy (GRT) and 2021 SEC Reporting Taxonomy (SRT), together known as the ‘US GAAP Taxonomy.’
The International Financial Reporting Standards (IFRS) Foundation Trustees have set up a working group to accelerate convergence in global sustainability reporting standards focused on enterprise value and to prepare for a potential international Sustainability Standards Board (SSB), representing a watershed in their ongoing progress.
What do investors want to know about how their cash is contributing to environmental objectives, and how should that information be reported?
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XBRL International is a global not for profit operating in the public interest. Our purpose is to improve the accountability and transparency of business performance globally, by providing the open data exchange standard for business reporting.
