What role does personal data play within digital financial innovation? And how can policy facilitate the use of big data while taking account of data protection requirements? Mr Agustín Carstens, General Manager of the Bank of International Settlements, gave a thought-provoking keynote speech on these topics at the 55th SEACEN Governors’ Conference in Singapore. The […]
Recordings of the XBRL US Investor Forum on Driving Actionable Analytics are now available online. The forum, held earlier this month in New York, provided practical information on how data standards are disrupting the information ecosystem, how modern data can be leveraged, and what comes next. Beginning with a keynote speech from FASB Chairman Russell […]
Major central banks are set to switch their payments systems to ISO 20022 by 2025, bringing much-needed standardisation to the global payments infrastructure. Earlier this month The Banker sat down with Saqib Sheikh, SWIFT’s global head of ISO 20022 programme, to outline why the migration to ISO 20022 is so important for the banking industry. […]
This week the Data Quality Committee (DQC) published its 11th Ruleset for a 45-day public exposure period, set to end January 3, 2020.
An Accountancy Europe survey of Key Audit Matters (KAMs) reporting has found a slight dip in the number of KAMs reported by European banks – although numbers are still significantly higher than the average for all industries. KAMs became mandatory with the new and revised auditor reporting standards which came into effect for audits of […]
The Task Force on Climate-related Financial Disclosures (TCFD) has formed a new advisory group to help them assist companies with one of the more challenging elements of climate-related disclosure: scenario analysis. Previous TCFD status reports have noted how companies have found scenario analysis challenging. Companies often struggled to construct appropriate scenarios, to understand how their […]
After the XBRL International Board of Directors voted to formally rescind the Financial Reporting Taxonomies Architecture (FRTA) recommendation earlier this year, the process to rescind the FRTA has now been completed. The FRTA was a no-longer relevant 2005 recommendation on taxonomy design, predating more relevant experience and the 2006 Dimensions specification. It was a guidance […]
This week the Qatar Stock Exchange (QSE) have taken the next step on the road to joining the ever-increasing number of jurisdictions mandating the XBRL standard with the launch of the Q-Disclosure platform.
On November 5 the European Banking Authority (EBA) published an updated version of data point model 2.9.1, the accompanying taxonomy, and an updated list of validation rules. Updates to the reporting framework will take effect at different dates dependent on regulatory requirements. Find the updates and all related files here.
A new report from the UK’s Financial Reporting Council recommends that companies applying the new standard on lease accounting provide more information on its effects. IFRS 16 Leases, which became mandatory on 1 January 2019, requires companies to bring most leases on balance sheet in order to give a more faithful representation of assets and […]
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