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Structured Fundamental Data is a Critical Asset

July 27, 2018

In a guest article on the XBRL International Blog this week, Mohini Singh summarises aspects of the CFA Institute’s submission to the European Commission’s ‘Fitness Check on the EU Framework for Public Reporting by Companies’ consultation. The Institute urges policymakers to ‘see the power of XBRL in facilitating analysis for investment decision-making,’ arguing that ‘lowering the barriers in […]

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PRA

Consultation on Regulatory Reporting

July 27, 2018

The UK’s Prudential Regulation Authority (PRA) has set out proposals for minor regulatory reporting amendments. This consultation is relevant to banks, building societies, PRA-designated investment firms, and dormant account fund operators. The proposals would result in changes to the Glossary, Regulatory Reporting, Reporting Pillar 2, and Close Links Parts of the PRA Rulebook. The authority […]

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ECB

Transforming Data into a Visual Language

July 27, 2018

Recognising that in today’s visual age, elegant graphics can transform data into a powerful language, the Financial Times appointed Alan Smith as their first Data Visualisation Editor. This month, at the ECB Statistics Conference, Smith shared the FT’s strategy and guidelines for a visual vocabulary which will help your data tell a story rich in […]

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FSI

FSI Releases Suptech Report

July 27, 2018

The Financial Stability Institute (FSI) has published a new report on innovative technology in financial supervision (or “Suptech” as it seems be known). Examining the experiences of early users of this new technology, the report yields some useful insights into the potential benefits – and risks – for supervisory agencies adopting a Suptech strategy. Read the […]

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EU-FINSTAR Seminar introduces XBRL in Ukraine

July 27, 2018

The Ukrainian National Finance Service has begun discussing its plans to enhance Ukranian regulatory reporting with XBRL. This is part of a wider effort to enhance transparency within the Ukranian finance sector, initially within non-bank finance. The regulator has started by holding introductory seminars with staff and market participants to explain how the new mandate […]

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BoE: DLT PoC on RTGS

July 27, 2018

How’s that for alphabet soup? The Bank of England (BoE) has completed a Proof of Concept (PoC) to understand how a renewed Real Time Gross Settlement (RTGS) service could support settlements in systems operating through innovative payment technologies. In March, the Bank announced that it was running a POC in this field. The purpose was […]

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ECB

Quality, Depth and Managing Burden

July 20, 2018

Wise words from the Chair of the Supervisory Board of the European Central Bank, Mme. Danièle Nouy, who closed out last week’s ECB Statistics conference with a number of important points. First, the entire process of financial supervision is grounded in high quality information that comes from regulated firms.  She said, in part: “We rely […]

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Paper lies down?

July 20, 2018

The US House Financial Services Committee this week set out a host of measures designed to simplify or roll back a number of regulations in that country. It did not include H.R. 5054, a bill that sought to restrict the transparency and openness of corporate reporting by requiring the SEC to exempt a large number of smaller […]

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Another XBRL Certified Software package

July 20, 2018

Well done to Indonesia’s PT Ebiz Cipta Solusi, the latest software firm to achieve XBRL Certified Software™ status, for its Maleo Sipp XBRL report creation package. This means that it has been validated as passing the rigorous conformance suites that accompany the XBRL specifications, ensuring consistent interoperability between products. You can find full details of the […]

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Global Audit Standards Setter seeks your input for 2023 Strategy

July 20, 2018

IAASB – the International Audit and Assurance Standards Board has started preparations for its work from 2020–2023.  A stakeholder survey is now being carried out to help identify key issues that impact their future strategy. The insights from the survey will be incorporated into the development of a consultation paper on future work plans, expected […]

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