The Reserve Bank of India (RBI) have released their annual report, detailing several supervisory measures that are underway to strengthen India’s banking system. The aim is to improve India’s credit risk and financial performance, and to increase the flow of credit to productive sectors of the economy. Included in these measures are draft guidelines on […]
How is structured data used outside of the reporting realm? A blog post from Ebay this week demonstrates how structured data comes in useful across various fields – and can even be put to use sorting out the contents of your garage. Ebay has 1.3 billion listings worldwide – an awful lot of very varied […]
Earlier this year the SEC introduced the FAST Act, which aimed to modernise and simplify disclosures with a number of measures including mandating Inline XBRL tagging for the cover sheets of key documents. This small but useful change introduces comparable, machine-readable index information, improving market access to data, even for documents that are not otherwise […]
The SEC’S Chief Economist and Director, S.P. Kothari, made a speech this summer highlighting how standardisation can help tackle the challenges presented by big data. While big data is certainly not a new concept, the digital era has accelerated data collection immensely, with some estimates indicating that the world now generates more data every two days than all of […]
The UK’s Financial Reporting Council (FRC) has opened consultation on the draft Streamlined Energy & Carbon Reporting (SECR) Taxonomy, with comments welcome until September 30. On April 1 2019 the UK government introduced the new SECR policy, building on the previous Mandatory Greenhouse Gas Reporting policy to extend mandatory energy reporting to more companies. The […]
The UK’s Prudential Regulation Authority have updated their rulebook, making a number of changes to regulatory reporting requirements. Following a consultation period, the PRA have published a policy statement outlining the final updated reporting requirements for ring-fenced bank reporting, Capital+ reporting and the scope of Financial Reporting (FINREP) to be reported by certain firms that […]
Would you like to help shape the future of the IFRS Taxonomy? Join the International Accounting Standards Board’s IFRS Taxonomy Consultative group to contribute and advise on the Taxonomy’s development. The board is keen to appoint new members from a variety of business and geographical backgrounds to advise the IFRS foundation on the content and […]
A Global Legal Entity Identifier Foundation (GLEIF) blogpost this summer provided an overview of the latest news relevant to Legal Entity Identifier (LEI) adoption, highlighting the growing recognition of the LEI’s contribution to the development of a global, digital economy. In May we reported on the Global Legal Entity Identifier Foundation (GLEIF) taking the first small step in […]
Tomorrow, when you buy your morning coffee will you rifle through your wallet for some coins or a card, or wave your phone? Or maybe send a text, or deposit a digital token? The way we pay for things is changing, with e-money challenging traditional cash and bank deposits. How should we think of new digital […]
South Africa’s Companies and Intellectual Property Commission (CIPC) became the first regulator in Africa to roll out full scale implementation of Inline XBRL a year ago, in July 2018. After successful completion of the project’s first stage, they are ready to move on to stage two: enforcement and taxonomy updates. Last year the CIPC mandated […]
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