Earlier this week Randal K. Quarles made his inaugural speech as new chair of the Financial Stability Board (FSB), using the opportunity to share his view of the future. The FSB has spent the past seven years focused on creating a body of regulation to address the “fault lines exposed by the global financial crisis”, […]
Last week the SEC’s Commissioner Hester M. Peirce surveyed the line regulators must tread, balancing protecting the public with fostering innovation. The SEC regulates an industry that is a gatekeeper for productivity in the rest of the economy: without the funds capital markets provide, it would be difficult for firms to progress and explore new […]
Economia took a look at how the disruptive changes brought about by technological innovation are reshaping the role of finance teams this week. With cloud computing, digitisation, analytics and robotic process autonomation (RPA) becoming ever more embedded in business, CFOs and finance teams need to be ready to adapt to the constantly evolving digital landscape […]
On Monday last week Philip Lane, governor of the Bank of Ireland, was approved as the next chief economist for the European Central Bank. His appointment was endorsed by Eurozone finance ministers at a meeting in Brussels. Lane will follow Belgian economist Peter Praet, whose eight-year term is ending. He will take over the role […]
Calculations 2.0 aims to improve XBRL 2.1’s calculation functionality to better cover the calculations usually required in a financial report and to address the issue of calculation inconsistencies that arise when reports feature incomplete data sets.
Luxembourg’s banks are considering creating a shared regulatory reporting platform to ease the burden and cost of growing compliance demands. In the face of the past decade’s increased demand for more complex, frequent and granular reporting, the Luxembourg Banker’s Association (ABBL) are overseeing a feasibility study examining the possibility of establishing a shared reporting hub […]
A couple of weeks ago we reported on the US Federal Energy Regulatory Commission’s (FERC) proposal to move to XBRL-based data collection system. This week the FERC formally published the proposed rule change, which is open for comments until 6 March 2019. The FERC have proposed the switch to the XBRL standard because XBRL will make the […]
XBRL International has provided a comment letter on the EU’s draft report on climate-related disclosures, urging the EU to help work to make this kind of reporting comparable, digital, discoverable and accessible.
XBRL Denmark has announced that their XBRL Nordic IV Conference will be held in Copenhagen on 28 March 2019 at the Danish Business Authority. At XBRL Nordic IV, the focus will be on the forthcoming ESMA/NCA mandate around annual IFRS reporting via the new European Single Electronic Format (ESEF). For more information please visit the […]
Artificial Intelligence and machine learning offer enormous potential for the investment industry – however, the adoption of new technologies has a range of impacts that need to be considered. A report published last month explores these concerns, asking what the potential impact of Artificial Intelligence will be on the CFA Institute’s Code of Ethics and […]
Join our Newsletter mailing list to
stay plugged in to the latest
information about XBRL around the world.
By clicking submit you agree to the XBRL International privacy policy which can be found at xbrl.org/privacy
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.
