Reporting this year is vastly more complicated for many companies. A concise and clear blog post this week from Estonia gives some tips to help work through any pandemic-related problems and submit annual reports on time and correctly during the crisis. It’s a comprehensive guide to who, what and how to report for businesses in […]
Should the US Securities and Exchange Commission (SEC) do away with tables consisting of information that can be compiled elsewhere? This week CFA Institute’s Mohini Singh, ACA, outlines the CFA and Council of Institutional Investor’s arguments against some of the SEC’s proposed updates to Management Discussion and Analysis (MD&A). Their response highlights that although many of […]
Want to know more about the US Federal response to the coronavirus crisis? The Federal Reserve Supervision and Regulation Report outlines the Reserve’s regulatory and supervisory response. It uses federal banking data to provide an overview of banking trends and market indicators of industry conditions. The report also gives an overview of current regulatory policy, […]
This week the European Commission outlined its approach to strengthening the EU’s anti-money laundering (AML) and Countering the Financing of Terrorism (CFT) framework. The plan sets out multiple measures the Commission will take over the next 12 months to better enforce, supervise and coordinate the EU’s rules in this area. The measures include ensuring that […]
We’re delighted to announce that another software product has met the rigorous demands required to achieve XBRL Certified Software status. Invoke ESEF is a report production tool designed to meet the requirements of the ESEF mandate. This week it passed the tests necessary to prove out XBRL interoperability and joins the ranks of other XBRL Certified Software. Details of all certified software can […]
This week saw the much-anticipated publication of the Open Information Model (OIM) specifications as Candidate Recommendations.
The Legal Entity Identifier (LEI) taxonomy has been published as a Proposed Recommendation. This indicates that sufficient implementation experience has been obtained to confidently believe that no additional development is needed. If no further issues are identified at this stage the specification will next be re-issued as an XBRL Recommendation. The LEI, governed by Global Legal […]
Increasing digitisation has opened up many avenues for new technology to transform the world of regulation. The G20 and Bank for International Settlements (BIS) have launched the G20 TechSprint Initiative to explore ways in which technology can help solve some of the most pressing compliance and supervision challenges – challenges now compounded by the Covid-19 […]
These are extraordinary and uncertain times, requiring, even more so than usual, substantial and useful data to help navigate the murky waters of the post-Covid-19 economy. As such, the European Banking Authority (EBA) has launched an additional EU wide transparency exercise in order to provide a snapshot of Europe’s banks pre-pandemic. Similar to EBA’s regular […]
XBRL International last week issued a comment letter in support of proposals outlined in the Accountancy Europe paper Interconnected Standard Setting for Corporate Reporting. Accountancy Europe describes the problems associated with proliferating non-financial information (NFI) reporting initiatives and offers an ambitious solution: a global, interconnected reporting standards setter. XBRL International supports this analysis and much of […]
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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.
