The Covid-19 crisis has flipped a digital switch, accelerating pre-existing shifts towards digitalisation and the use of new technologies in business and banking.
Revised regulation recently gave the European Securities and Markets Authority (ESMA) some new so-called “convergence” powers to identify and co-ordinate supervisory priorities in response to key risks across the Union.
In last week’s newsletter we welcomed two new members to the Board of Directors of XBRL International. At a subsequent Board meeting this week, including the new members, new office holders were selected and we bade a fond farewell to outgoing Board members Robert Tarola and Leng Bing, and marked the recent departure of Hans Buysse.
This week saw the XBRL US Investor Forum, packed with useful insights and enlightening talks on all things data.
At the XBRL US/CFA Institute Investor Forum held this week, newly installed XBRL International Chairman, Wes Bricker, gave a keynote address. It focussed on the use of SEC XBRL data, its strengths, weaknesses and next steps.
Regular readers of this newsletter may remember that recently the European Commission (EC) tasked EFRAG with exploring possible EU non-financial reporting standards that could form part of a revised Non-Financial Reporting Directive (NFRD).
We’re delighted to announce that Fujitsu’s Interstage XWand Toolkit has joined the growing ranks of XBRL Certified Review & Consumption Software.
Fintech promises to revolutionise the financial sector, with efficiency, choice, and financial inclusion on the horizon. However, disruptive growth in finance needs to be supervised and regulated so risks are properly managed. That’s where regulatory sandboxes come in – they allow start-ups to trial innovations under the watchful eye of authorities.
As innovations in data analysis – many of which are enabled by structured data – grow in importance to capital markets, the US Securities and Exchange Commission (SEC) aims to stay on the ball with the launch of a new Office of Data Science and Innovation.
After the 2008 financial crisis, governments around the world took steps to make it easier to resolve failing banks. In the UK, those steps included setting up the Resolvability Assessment Framework (RAF), which launched in 2019.
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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.
