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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
“XBRL should be on everyone’s radar.” So says Ken Krupa, CTO of MarkLogic, a privately held “unicorn” big data analytics firm in a blog post this week. “Corporate reporting cannot remain primarily a paper-based* exercise in a digital age. As annual reports are a key part of any company’s understanding of its financial situation, moving […]
Congratulations to our colleagues at SBR Banken in the Netherlands, who this week routed the first digital real estate report through their gateway in XBRL format. Specialist real estate valuation firm MVGM point out that the new arrangements mean that: “With the introduction of digital exchange in real estate data, the time-consuming task of collecting, structuring, assessing […]
The IFRS Foundation has announced that Turkish labels are now available for the IFRS 2017 taxonomy. To provide further support to Turkish-speaking audiences, the IFRS Foundation team also prepared a Turkish version of IFRS Taxonomy Illustrated or ITI. As a quick reminder, the ITI presents a simplified view of the IFRS Taxonomy in an unstructured […]
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