In opening remarks at the Eurofiling ESEF Digital Day yesterday, the European Commission’s Alain Deckers described the work going into the review of Europe’s Non-Financial Reporting Directive (or NFRD) which governs disclosure of ESG reporting. The key issue? The need for a single set of high quality standards. An ongoing issue that is receiving attention […]
At yesterday’s Eurofiling digital gathering, ESMA’s Anna Sciortino provided a description of the next steps for the ESEF mandate, including updates to the taxonomy and RTS. Slides are available here. XBRL España’s Javier Mora has prepared an extremely detailed deck that analyses the ESMA ESEF Test Suite, with examples and descriptions. Software vendors that are working in […]
This week the US Securities and Exchange Commission (SEC) held a (virtual) meeting of the Asset Management Advisory Committee. Amongst other topics, on the agenda were questions of private investments in relation to Environmental, Social and Governance (ESG) issues. SEC Chairman Jay Clayton introduced the committee by underlining why, for him, the current system of […]
Africa’s Standard Bank has urged regulators to amend regulations that restrict digital trade in order to ease the economic impact of Covid-19. Vinod Madhavan, head of trade for Standard Bank Group, highlighted how the current limitations on movement have had a significant impact on trade – and created an opportunity to digitise trade, which traditionally […]
The XBRL International Board of Directors decided at its recent May meeting that the normal face to face conference that had been planned for the first week of November will not go ahead as a physical meeting, as the Covid-19 pandemic creates too many uncertainties. Instead, we will be hosting a virtual event that should […]
With Covid-19 creating significant uncertainty amongst businesses and the economic and financial system, the need for strong transparency and clear communication has only increased. The European Securities and Markets Authority (ESMA) has underlined the importance of transparency and consistency with reporting requirements when disclosing the financial effects of Covid-19 in half-yearly financial reports. Where necessary, […]
A recent XBRL US comment letter expresses support for the Commodity Futures Trading Commission (CFTC) proposal to introduce reporting standards and expand the use of the Legal Entity Identifier (LEI) – but urges the CFTC to require the use of a single data standard. The CFTC has proposed changes to the Swap Data Recordkeeping and Reporting […]
Spain’s National Securities Market Commission (CNMV), the College of Registrars of Spain and the Institute of Accounting and Accounts Auditing (ICAC) have reiterated the need for entitles trading on EU regulated markets to be prepared to submit their annual reports in accordance with the European Single Electronic Format (ESEF) regulations. With ESEF requirements coming into […]
What do the coronavirus pandemic and climate breakdown have in common? They both present a huge threat to global financial stability, stemming from massive global negative externalities rooted in ecological change. They both entail dramatic economic, financial and social damage. And, despite continued warning of their certainty from scientists, we have failed to systematically consider […]
This week we are delighted to welcome three new members to XBRL International’s Best Practices Board (BPB): Juan Carlos Rodriguez Rivera, XBRL/IFRS Consultant; Pierre Hamon, Consultant at etXetera and member of the ESDTF; and Gleb Larichev, XBRL Implementation Project Manager at the Central Bank of Russia. The BPB manages the creation, collection and compilation of […]
Join our Newsletter mailing list to
stay plugged in to the latest
information about XBRL around the world.
By clicking submit you agree to the XBRL International privacy policy which can be found at xbrl.org/privacy
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.
