Interesting remarks on the role that standardisation, regulation, and information have to play in the global battle against cyber threats this week at the G7 2019 Conference, Cybersecurity: Coordinating efforts to protect the financial sector in the global economy. The need for cooperation and coordination to tackle this global threat was made clear: cybersecurity threats […]
In a series of articles on Forbes discussing the influence of technology on municipal governments and the municipal bond market Barnet Sherman has highlighted the positive effects of data analytics. Technology and data are driving a push for evidence-based policy in municipal governments. Big data analytics is being looked to for better planning and execution, […]
The Financial Stability Board (FSB) has taken a key step in its plan to introduce a Unique Product Identifier (UPI) for over-the-counter (OTC) derivatives. Why? Remember Lehman Brothers? The process of winding up the various parts of the investment behemoth took more than 10 years. Understanding who had financial claims against which instruments, in which countries, […]
The Capital Markets Authority (CMA) of Oman is seeking a contractor to implement an XBRL filing system which will include the ability to analyse financial and non-financial disclosures and generate reports on a web-based platform. Tender documents can now be purchased through 19 May, with proposals due on 30 June 2019. After registering with the […]
The International Accounting Standards Board (IASB) has published proposed changes to IFRS financial instruments standards IAS 39 and IFRS 9 that will allow hedge accounting to continue during the current reforms of interest rate benchmarks such as interbank offer rates (IBORs). After a series of scandals, the once-dominant LIBOR benchmark is being abandoned in favour […]
The advent of the internet forced companies to update the way they shared financial information – however, their new websites didn’t merely replace paper reports in the post, they became an entirely new vehicle for communications. The new form shaped the way we consumed the content – and with the information age once again reshaping […]
The Securities and Exchange Commission (SEC) has proposed amendments and improvements to disclosure rules relating to mergers and acquisitions (and the sale of business assets) and is now seeking comments. The amendments seek to balance the need to provide investors with the information they need to effectively understand the impact of significant acquisitions or disposals with the […]
A new ISO Technical Committee (TC), TC322, has been set up to promote standardisation within sustainable finance. The committee will produce standards that will support sustainable economic activity. The hope is to integrate sustainability, environment, social and governance metrics within investment decision making. Expert members of the committee include Karla Mckenna from GLEIF and the XBRL International Best […]
Contributed by Slawomir Skrzypek, Business Development Director EMEA Center of Excellence for FUJITSU XBRL solutions. Fujitsu, a Direct Member and Sustaining Partner of XBRL International, ran its 4th European Annual Interstage XWand Users’ Meeting in Malaga, Spain, on April 12th The meeting was attended by representatives of European National Competent Authorities (NCAs), Officially Appointed Mechanism (OAMs) filers/issuers, software vendors, and […]
The XBRL US Data Quality Committee (DQC) has published its 9th Ruleset for a 45-day public review and comment period, which closes 15 June 2019. In addition to expanding on many existing rules, the latest ruleset contains a new category of checks that evaluates and identifies incorrect calculation relationships in the SEC filers company taxonomy.
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