Britain’s banks may be overestimating their ability to insulate themselves from the impact of FinTech and Open Banking challenges to future profits. For the first time, as an additional part to standard stress testing, the Bank of England examined the major UK banks’ long‑term strategic responses to an extended low growth, low-interest rate environment with […]
Designing reports that reference a number of organisations can be be challenging. Help is to hand for XBRL taxonomy authors in a new Guidance Note.
On October 19th, Stefan Hunt, Head of Behavioural Economics and Data Science at the UK Financial Conduct Authority (FCA), delivered a speech about the power of machine learning and artificial intelligence (AI) for regulators. Mr. Hunt’s speech was part of the October instalment of the Beesley Lectures that have drawn high-profile leaders to deliver expert […]
On Wednesday the Central Bank of Russia and the prestigious Finance University in Moscow marked the endowment of a new Chair in XBRL studies. Aimed at helping develop and expand expertise in the field for finance professionals as well as students, the Finance University will also be carrying out research into structured data and digital […]
The Global Legal Entity Identifier Foundation (GLEIF) hosted a webinar last Thursday (16 November) to highlight and discuss progress in LEI reporting and supervision. This provided another opportunity to remind market participants to obtain an LEI in readiness for the European Union revised MiFID II mandate. With less than two months before the MiFID II regime […]
Is the adoption of cryptocurrencies by central banks possible? Or maybe the right question in this regard should be “when?”. It seems that many central banks have already conducted a variety of tests to help answer this question. As you may remember from our previous story, back in July, the Bank of England released results […]
MAS announces regulatory reporting will be achieved machine-to-machine via structured data and that the regulator will work to eliminate duplication within their structured data collections.
Have you ever been abroad and been asked whether you would like to pay in your home currency or the currency of the location you are in? That choice is not simply one of just personal preference. Whilst most tend to opt to transact in their home currency, doing so will likely lead to paying […]
The Royal Bank of Scotland’s NatWest unit will on Monday begin offering a digital investment service to its five million online banking customers. The leap into ‘wealthtech’ for everyday customers will come through a robo-advice service for investments of as little as £500. Users of the service will be asked about their aims as well […]
Thinking about the way that using standardised structured data inside the enterprise can benefit management as well as investors and auditors is the subject of a new guest post from Mohini Singh.
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