In a recent bid to bring about a new digital agenda for the Eastern European bloc, the European Commission has committed to supporting the transition of the region into a digital economy. It is hoped through these changes that faster economic growth, increased jobs and better services will manifest. The EC has made five main […]
Still in the US… after pulling together a remarkable coalition of companies, public sector leaders and elected officials, Hudson Hollister, the founder and Executive Director of the Data Coalition and more recently the Data Foundation, announced this week his plans to step down from day-to-day leadership of the US effort to study and advocate for open, structured data […]
Readers will likely agree that data constitutes perhaps the most important input element into investment decision-making processes. With a rise in how data can be accessed, read and interpreted, the ability for market participants to exploit new forms of information has resulted in a dramatic uptake in novel approaches for data management and decision making. […]
Some ideas to make Asia a Fintech/Regtech/Suptech powerhouse, following the recent XBRL Asia Round Table meeting in Japan.
Highlights from this week’s XBRL Asia Round Table included updates from the following regulators: The Malaysian Business Registrar (SSM) is rolling out the Malaysian Business Reporting System (MBRS) later this year. The system initially allows the submission of annual returns, financial statements and exemption statements, all in XBRL format. This is a phased mandate that will […]
The XART meeting heard from both the Taiwan Stock Exchange and the Malaysian Securities Commission yesterday about efforts to start to upgrade their reporting arrangements from “template” based XBRL to Inline XBRL for corporate reporting.
The Malaysian Securities Commission is using correlation indexing techniques to allow the regulator to match up reported financial performance, and stock price movements with news and other announcements that appear in the media and on the web. Structured meets unstructured in a single enterprise analytics framework – great innovation on display.
Next Week the US SEC will hold a public meeting of the Commission that will focus on Inline XBRL. Yesterday the Securities and Exchange Commission announced an open meeting to be held on June 28, 2018, which will cover two rule proposals with an XBRL component: whether to adopt amendments to rules and forms to require the […]
Companies listed on the Johannesburg Stock Exchange (JSE) will soon be required to submit their annual financial results using Inline XBRL – a change that will begin on July 1st. The single new mandate will replace a number of potentially conflicting filing arrangements used in the past. Read more from Rob Davies, Minister of Trade […]
The UK’s Financial Reporting Council Lab published a report this week that considers how blockchain technology could impact corporate reporting processes in the future. This follows an earlier report on XBRL. You can view the report here. We’ll follow up on this item in the near future.
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