The BIS (Bank of International Settlements) has published a new report with the results of a 2020 survey on the use of big data by central banks.
XBRL International has published an update to the Unit Type Registry, adding additional unit definitions to support the wide variety of disclosures required for sustainability reporting. In particular, the new units will enable reporting of energy usage and efficiency.
The XBRL Standards Board has approved the promotion a number of new XBRL Formula functions to Candidate Recommendation status. The new functions are intended to support the planned adoption of xBRL-CSV by a number of regulators around the world.
While updates have been trickling in in recent weeks, there’s now official news on the European Single Electronic Format (ESEF) mandate. The European Commission (EC) has published a list of countries that have opted for a one-year ESEF postponement due to Covid-19, pushing its start to January 2022.
XBRL Finland has carried out a very useful investigation into how the Finnish market is responding to ESEF, the Inline XBRL-powered European common standard for financial reporting.
The Global Legal Entity Identifier Foundation (GLEIF) has unveiled the issuance and technical infrastructure models that it will deploy in its new verifiable LEI (vLEI) system.
In the US, the Financial Accounting Standards Board is seeking feedback on its proposed Accounting Standards Update (ASU) on ‘Business Combinations: Accounting for Contract Assets and Contract Liabilities from Contracts with Customers’ – and specifically on attendant amendments to the US GAAP Financial Reporting Taxonomy.
Our resident mythbuster, Mohini Singh – ACA, Director of Financial Reporting Policy at CFA Institute and Treasurer of the XBRL International Board of Directors – is back. This time she’s turned her attention to environmental, social and governance (ESG) ideas, in a new guest post in the Taggings section of the XBRL international website.
At the end of this week’s XBRL Deutschland board meeting there was a rather special send-off for Herr Norbert Flickinger, who is finally retiring from his part time role managing the activities of the German jurisdiction.
With so much recent discussion of standards for Environmental, Social and Governance (ESG) disclosure, particularly sustainability metrics, it is interesting to revisit the example of one country that is forging ahead with mandatory reporting.
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