In a world where cybercrime continues to be emphasised (and all too often, experienced) as the new behemoth for businesses to ward off, the question remains – how much cybersecurity do you need? Recent research by Lloyds Bank seems to suggest that ‘more’ is currently the de facto position of most institutions. Nearly 90% of […]
Collaborative research between GLEIF and the research agency Loudhouse has identified a number of key challenges with legal entity identification in the financial sector. The research surveyed over 100 senior salespeople in the banking sectors of the UK, US and Germany. One of the key findings was that almost six in ten (57%) respondents spend […]
Here at XBRL International we have been preparing for the 25 May deadline for compliance to the General Data Protection Regulation (GDPR) in the EU. We believe that the privacy and protection of our community members’ data is very important so we will be instituting the principles of the GDPR for all of our members […]
DAI Global (DAI), the implementer of the USAID-funded Transformation of the Financial Sector in Ukraine project, has announced a tender for the development and implementation of a Financial Reporting System based on XBRL documents for the Ukrainian Financial Regulators. Proposals are due by 5 June. As previously reported, Ukraine’s Ministry of Finance, the National Bank […]
At XBRL International we believe that there is an extraordinary opportunity for collaboration both between regulators and amongst the regulated to improve clarity, improve outcomes and to bring about significant simplification. It’s also a chance to lower the costs associated with inconsistent regulations imposed on business. JP Morgan Chase seems to agree.
The massive EDGAR database serves up 1.5 billion copies of documents filed by public companies with the SEC each year, and these days 85% of those downloads are by ‘bots, not humans. That’s an important signal: regulatory data needs to be human and machine readable. Read more…
The 9th XBRL Asia Roundtable will be held as part of a wider joint program with the Asian Development Bank’s Asian Bond Market Forum meeting from 18 to 21 June in Fukuoka, Japan. The theme for the meeting is to explore the opportunities that standardisation and technology afford in helping to better link and integrate the economies […]
Standardised reporting can be beneficial not just for the submission of information to a given institution but can also be pivotal in the seamless transfer of data between financial market authorities. This is exactly what is now taking place in India. In order to enable easier filings and to make reporting by listed entities to […]
The XBRL Standards Board has approved as a Candidate Recommendation the Extensible Enumerations 2.0 specification. This modular extension to the XBRL standard builds upon the functionality added by earlier versions of the Extensible Enumerations standard, and provides taxonomy authors with the ability to create concepts and dimensions that take either a single value or multiple values from a predefined […]
In a recent update by the Financial Accounting Standards Board (FASB) to their Implementation Guide Series for the U.S GAAP Taxonomy, FASB staff have now issued a new proposed taxonomy guide for revenue from contracts with customers. The implementation guide provides examples to help users of the taxonomy understand how modeling, revenues and costs are […]
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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.
