In a recent speech Benoît Cœuré, Head of the Bank for International Settlements (BIS) Innovation Hub, asked the listener to imagine a world where regulators have access to big data sets of high granularity, diversity, and frequency.
Typically, when providing credit, the lender’s knowledge of the borrower will be incomplete. To counteract that information asymmetry, banks often require collateral in the form of tangible assets, like real estate. But what if Big Data could solve that information asymmetry?
The International Accounting Standards Board (IASB) has finalised its response to on-going Inter-Bank Offered Rates (IBOR) reform by issuing a package of amendments to the IFRS Standards.
Rachel Carpenter, CEO of Intrinio, recently highlighted the many benefits proper XBRL filing implementation would offer US municipalities.
XBRL International has expanded its XBRL Software Certification™ programme to cover a new category of software. The programme now covers end-user software products that consume XBRL reports for review, analysis or audit purposes.
Earlier this week the Securities and Exchange Commission (SEC) published the draft 2021 SEC Taxonomies for public review and comment.
You may recall from the newsletter last week the announcement of the Recommended Extensible Enumerations 2.0 specification – which powers extensible lists within XBRL reports – being implemented by the Financial Accounting Standards Board (FASB) for use with SEC filings from 2021.
The XBRL Software Certification™ programme is being expanded to include a new category of software intended to cover end-user software products that consume XBRL reports for review, analysis or audit purposes. The new category is in addition to the existing categories for XBRL processors and XBRL report creation tools.
Oman is gearing up to join the many markets around the world who have embraced digital, machine-readable disclosures.
The Securities and Exchange Board of India (SEBI) is conducting a consultation into widening their environmental, social, and governance (ESG) disclosures with a new mandatory report.
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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.
