One of the core aims of the XBRL standard is communication: opening up access to business information, making reports easily exchangeable and readable and improving transparency. At Data Amplified, José Antonio Moreno from 2H in Mexico will be showing us how the latest developments in AI are set to bring the democratisation of data to new […]
With jurisdictions right around the world looking to enhance disclosure, more and more are now shifting to Inline XBRL, allowing human and machine-readable reports to greatly enhance reporting. At Data Amplified, we dive right in, with a case study on Reforming Reporting in South Africa, presented by Joey Mathekga of the Companies and Intellectual Property […]
Two updates from the European Banking Authority (EBA) this week: Firstly, EBA has launched a consultation on a draft version of Data Point Model (DPM) 2.9 and associated XBRL taxonomy. This new release is a draft of the new data requirements proposed in the consultations on amendments to the Implementing Technical Standards (ITS) on supervisory […]
While great progress towards machine-readable reporting has been made at federal level in the United States, the information available about the performance of state and local government entities is a very different story.
Vast quantities of quality, appropriately shared data is key to developing more efficient financial services that meets the needs of customers in the digital age. How can regulators ensure proper privacy while still ensuring that Fintech firms can access the information they need? A report from ASIFMA this week taps into the growing recognition that collaborative, homogenous regulation and data harmonisation across borders are essential for modern technologies to be properly utilised.
IBM Research’s Dr. Anna Phan demonstrated how quantum computing’s power could be transformational for the financial industry at Sibos this week.
In the first such move by a central bank worldwide, the Bank of England (BoE) has stepped up its calls for financial institutions to take action on climate change with the release of a set of proposed supervisory rules.
While the financial services sector has transformed dramatically in the last few decades, taking advantage of the technological power of the fourth industrial revolution, tax and regulation has been slow to catch up.
This week marks the 20th anniversary of the Chinese funds management industry, marked at an event in Beijing attended by senior political as well as industry figures. An effective legal framework that provides a range of investor protections, and a thriving industry was marked at the celebration. One of the “Top 10” events that has helped bring the industry to this point? Scalable regulatory data collections using XBRL. Read more here (In Chinese but translates well with your chosen browser tool).
The future of banks was debated at Sibos this week, as a panel asked: “As non-bank entities gain ever-greater access to customers and their data, how can banks stay relevant?”
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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.
