What should sustainability reporting look like in a post-TCFD world? And how can UK markets stay aligned as global standards rapidly converge?
As business reporting becomes fully digital, trust can no longer be implied. It has to be proven. This week Tom Wacha of Workiva, and a member of the XBRL Best Practices Board, shared his thoughts on how XBRL digital signatures can strengthen confidence in regulatory filings.
The European Financial Reporting Advisory Group (EFRAG) has opened two calls for expression of interest to support wider uptake of the Voluntary Sustainability Reporting Standard for SMEs (VSME) across the EU.
The US Securities and Exchange Commission (SEC) confirmed that its new self-regulatory organisation (SRO) taxonomy will require clearing agencies to submit parts of Form CA-1 applications and amendments in iXBRL through the EDGAR system.
Artificial intelligence is rapidly becoming part of the operational fabric of financial services, and Europe’s insurance sector is no exception. Recently, the European Insurance and Occupational Pensions Authority (EIOPA) published the results of a survey on the use of Generative AI, based on responses from 347 insurance undertakings across 25 countries.
Work continues on the next generation of the core XBRL specification. XBRL US recently explored what this new modernised technical specification means for the standard: it’s designed to be easier to learn, more intuitive to use, and tailor-made for the AI age.
The Hong Kong Monetary Authority (HKMA) has published the next phase of its sustainable finance taxonomy, expanding the framework to include transition activities for high-emitting sectors.
The UK’s Financial Conduct Authority (FCA) has launched a wide-ranging review into how artificial intelligence could reshape retail financial services in the years ahead.
The European Banking Authority (EBA) recently revised Regulatory Technical Standards (RTS) on resolution plans and the functioning of resolution colleges.
An interesting piece from Vincent Huck in this week’s Corporate Disclosures e-zine (registration required, but you’ll thank us later) asking questions that need answers.
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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.
