When preparers can run business rules over their draft reports before they submit their data, they can be confident about it. Furthermore, regulators get much better information. Large sets of public validation rules are extremely valuable in managing data quality, but they they can also be complex to maintain and test. The European Banking Authority […]
The Securities and Exchange Commission (SEC) has updated its test suite to include tests that use the US GAAP, SEC Reporting, Document and Entity Information, Exchanges, State and Province and Risk-Return 2018 taxonomies. The SEC’s public test suite helps vendors test their software, and gain confidence that their systems will produce filings that will be […]
Contributed by Slawomir Skrzypek, Business Development Director – Fujitsu EMEA Center of Excellence for Interstage XWand. Fujitsu, a Sustaining Partner of XBRL International, ran its 3rd Annual Interstage XWand Users’ Meeting on March 9th in Dubrovnik last week. The meeting was attended by representatives of regulators, filers, software vendors, and software integrators from over 20 countries. Attendees had a […]
The debate on regulating innovation is often laden with prejudices and undue simplifications. Chair of the EBA, Andrea Enria, recently spoke on how the European Banking Authority expects supervision and regulation of the Fintech market will work. Identifying the inherent problems of both the strict need to protect the financial system and citizens and the […]
The CFA Institute’s Mohini Singh suggests to the use of digital header information in Inline XBRL format for a range of filings that are not currently tagged. She also advocates the use of the LEI within US regulatory filings.
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 […]
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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.
