How best to balance the opportunities and threats presented by fast-growing Fintech? The IMF’s First Deputy Managing Director, David Lipton, called for a multilateral, international approach at the 2nd IMF Fintech Roundtable this week. Fintech has seen world-wide changes, with reduced costs and transaction times and boosts to growth and living standards – however, it […]
On Friday 8 March the UK’s Prudential Regulation Authority (PRA) and Financial Conduct Authority (FCA) hosted the first meeting of the Climate Financial Risk Forum (CFRF). With climate change threatening to create financial risks relevant to these UK regulators’ objectives, the CFRF has been set up to help develop practical tools for addressing climate-related financial […]
In February the European Council adopted conclusions from the Coordinated Plan on Artificial Intelligence. The plan underlines the crucial importance of fostering the development and use of artificial intelligence by increasing investment, strengthening research and encouraging collaboration between industry and academia. The conclusions include a recognition of the need for more secure and high quality […]
On 21 March XBRL US submitted a comment letter stating their support for quarterly filings in response to the SEC’s request for input on the effects of mandated quarterly reporting.
This week the European Securities and Markets Authority (ESMA) published the taxonomy for facilitating the implementation of the Regulatory Technical Standard (RTS) for ESEF.
By the end of 2019 Indonesia aims to better integrate nation-wide financial reporting, strengthening the coordination between different financial services with an initiative that will mandate digital reporting and data sharing.
The Alliance for Corporate Transparency project has assessed over 100 European companies to analyse how effectively they are disclosing the environmental, social and governance (ESG) impact information required by the EU Non-financial Reporting (NFR) Directive.
On 27 March the IFRS Foundation published the IFRS Taxonomy 2019 files. The new taxonomy includes a general improvement update and an update to common practice.
The XBRL International Nominations Committee seeks expressions of interest from exceptional candidates with a strong commitment to improving reporting around the world for its volunteer Board of Directors. Members of the Board work in the public interest to help manage and promote the not for profit business reporting standards organisation.
XBRL International’s CEO John Turner was in Amman this week for the Arab Capital Markets Conference, talking to the region’s securities regulators and a host of leaders from the private sector about the challenges and opportunities that digitisation presents.