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SEC announces Office Focused on Innovation and Financial Technology

December 11, 2020

With the centrality of technology and innovation to the financial sector only growing, the US’ SEC recently announced that the Strategic Hub for Innovation and Financial Technology, commonly referred to as FinHub, is to become a stand-alone office.

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CFTC expands LEI Requirements

December 4, 2020

Last week the US Commodity Futures Trading Commission (CFTC) adopted a proposal to expand the use of Legal Entity Identifiers (LEIs).

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ING Bank Implements XBRL and Digital Signatures in new Real Estate Reporting

December 4, 2020

ING Bank in the Netherlands recently launched a new XBRL-based project designed to increase efficiency, trust and transparency in real estate valuation. Following the introduction of XBRL for real estate valuation reports, this new initiative includes the final piece in the puzzle: qualified, digital signatures.

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FCA’s RegData Platform to streamline Reporting

December 4, 2020

The UK’s Financial Conduct Authority (FCA) is set to replace the old Gabriel reporting system with RegData, a new, more efficient data collection platform central to its data strategy.

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Bank of England to adopt XBRL for Statistical Submissions

December 4, 2020

The Bank of England (BoE) recently published a proposal to shift the submission of a range of statistical data into XBRL format.

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XBRL Certified Software approved

December 4, 2020

We’re delighted to announce that Easyx’s audit software xWizard has joined the ranks of XBRL Certified Software products.

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SEC increasingly supportive of DQC Rules

December 4, 2020

The XBRL US Data Quality Commission (DQC) publishes validation rulesets designed to improve the quality and usability of XBRL data by allowing issuers to test their data before submission. While the DQC has been around since 2015, recent events indicate that the US Securities and Exchange Commission (SEC) increasingly acknowledges the value and importance of […]

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Indonesia Extends XBRL to Notes

November 27, 2020

The Indonesian Stock Exchange (IDX) has extended the scope of its XBRL taxonomy from primary financial statements to also cover Notes.

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Combating climate change

November 27, 2020

Can central banks combat climate change? During a recent speech at the European Banking Congress,  Jens Weidman, the President of the Deutsche Bundesbank and Chairman of the Board of the Bank for International Settlements, outlined the role central banks can – and cannot – play in moving towards a greener future.

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IFRS proposes Taxonomy update

November 27, 2020

This week the IFRS Foundation published a draft taxonomy update to IAS 19, Employee Benefits.

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