The German Central Bank, the Deutsche Bundesbank, has been working with German banks to help create a central platform of XBRL financial statements for credit assessment and analysis.
The Amman Stock Exchange is the latest MENA venue to announce that it is turning to XBRL for digital market disclosures, with the new system to be up and running later this year.
Chairman of the global Financial Stability Board and Governor of the Bank of England, Mark Carney, was just one of the leading regulators around the world to call for new measures to reign in cryptocurrencies this week. Mr Carney warned that a range of crypto assets are exhibiting the “classic hallmarks of bubbles”. In a speech […]
The European Banking Authority (EBA) manages the COREP/FINREP taxonomies that govern the collection of banking data across Europe. To help control one of the larger financial risk reporting frameworks in the world, the EBA uses a Data Point Model data dictionary to simplify and harmonise reporting needs. The DPM, in turn, constrains and controls the […]
Integrated Reporting is gaining traction across the world, with companies within every OECD and BRICS nation amongst those that are using an integrated thinking approach to develop reports that describe their purpose and business model, addressing a range of stakeholders that goes well beyond traditional investor reports. As the name suggests, Integrated Reports seek to provide […]
The Netherlands is the first country in the world to require companies to file XBRL based annual reports with an accompanying electronically signed XBRL-formatted auditor’s opinion and those reports are now starting to be filed. The reports must be submitted to the Dutch Chamber of Commerce within the Netherlands SBR framework in XBRL. The new […]
South Africa’s CIPC has mandated the use of Inline XBRL-based reporting for all qualifying South African entities from 1 July this year. The program aims, over time, to reduce the administrative burden on businesses as they report financial information for regulatory compliance and at the same time to further improve transparency for investors. Ahead of […]
The IIRC Council Meeting preceded a joint Global Conference of the IIRC and the International Corporate Governance Network (ICGN), also held in Tokyo. The ICGN is a highly influential group representing some USD 26 Trillion in assets under management, with wide representation including institutional investors, pension funds, corporates, policy makers and academia. The focus of the meeting […]
With an eye on innovation and competition, Canada’s government is set to conduct a review into the merits of introducing an Open Banking regime which would give consumers the ability to share their financial data with chosen third parties. It is hoped that by making it possible for people to open up access to their […]
How technology can make the current system of regulatory reporting more accurate, efficient and consistent.
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