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Speech: The Paradoxes Plaguing Sustainability Reporting

By Editor on December 11, 2020

The past year has seen growing consensus on the need for non-financial reporting standards in order to mitigate climate-related financial risks and help investors divert capital towards more sustainable ends. However, sustainability reporting is a complicated task, and a number of difficult questions need to be answered before effective standards can be established.

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SEC ESG Committee advocates Standards

By Editor on December 11, 2020

In other sustainability standards news, the US Securities and Exchange Commission’s (SEC’s) Asset Management Advisory Committee recently published its recommendations on Environmental, Social and Governance (ESG) disclosure.

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Are Central Banks Innovators?

By Editor on December 11, 2020

A recent speech by Benoît Cœuré, Head of the Bank for International Settlements Innovation Hub, at the World FinTech Festival, outlined the role central banks have to play in innovation.

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Filing Indicators Proposed

By Editor on December 11, 2020

The XBRL Standards Board has approved a Proposed Recommendation release of the Filing Indicators specification. Filing Indicators are a mechanism used by some XBRL filing systems to enable filers to explicitly record which sections (or templates) within a report they have completed.

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SEC announces Office Focused on Innovation and Financial Technology

By Editor on 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

By Editor on 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

By Editor on 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

By Editor on 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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