This week The European Insurance and Occupational Pensions Authority (EIOPA) launched a field test on revised and proposed templates as part of the 2020 Solvency II reporting and disclosure review. The review covers both the content and structure of different templates, with this field test designed to identify main issues with the new and revised […]
The XBRL Standards Board has approved the publication of a Candidate Recommendation of the new xBRL-CSV specification.
With their impending exit from the European Union, will the UK adopt the European Single Electronic Format (ESEF) that becomes mandatory across the EU in January 2020? The Financial Conduct Authority (FCA) have released an update indicating that they are preparing to adopt ESEF in a scenario where the UK remains subject to EU law […]
XBRL and Inline XBRL (iXBRL) are two different formats for structured, electronic business reports. These formats solve different business problems and reflect the broad range of reporting requirements that can benefit from the use of structured XBRL data. XBRL or iXBRL? This is one of the key decisions that data collectors need to make when […]
For all of our readers that are joining us at Data Amplified in Shanghai in just 10 days time, we have a few tips for you to prepare for your trip to China. If you want to use social media, Google or Gmail on your laptop while you’re in China you may need to use a recognised, reputable VPN. […]
It’s just over a week to go until regulators, policymakers and business professionals from around the world meet to discuss the future of business reporting at Data Amplified 2019. The conference will be packed with experts and innovators exploring everything from enterprise reporting and granular data to governance and the challenges of new technology for […]
In 2018 Florida passed a bill that could require local governments to submit financial data in machine-readable format. California has recently followed suit, and the second version of the Demonstration Comprehensive Annual Financial Report (CAFR) Taxonomy, currently out for review, will also aid the process. But what benefits would standardisation bring? Beyond abstract accolades of increased transparency, […]
The demand for climate-related financial disclosures has been growing. However, for climate risk and resilience to make it into the heart of financial decision making, there is still more to be done to ensure climate disclosures are comprehensive, high quality and useful to investors. Mark Carney, Governor of the Bank of England, speaking at the Task-Force for Climate-Related […]
Good news from the European Banking Authority (EBA) this week as their periodic risk assessment of the EU banking sector shows stable capital ratios and improving asset quality. The Risk Dashboard’s second quarter update, which summarises the main risks and vulnerabilities in the EU banking sector, shows steady improvement despite the challenges of low profits […]
At a conference organised by the European Commission (EC) and Deloitte this week, experts discussed the next steps for digital reporting for EU companies.
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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.
