Speaking of “No LEI No Trade”, this week saw the US CFTC announce a significant fine for two parts of Citi Group, for: failing to report Legal Entity Identifier (LEI) information for swap transactions properly to a Swap Data Repository (SDR), failing to establish the electronic systems and procedures necessary to do so, failing to […]
The first XBRL Certified Software™ will be announced at Data Amplified. Any software vendor that wants their products tested for consideration within that initial announcement needs to apply by 6 October.
Sixty percent of financial statement data is already being consumed electronically, and this figure will continue to grow, according to International Accounting Standards Board Chairman, Hans Hoogervorst in a speech in which he outlined the importance of digital reporting amongst several other priorities.
Internationally renowned XBRL expert, Mike Willis, runs the Office of Structured Data (OSD) at the SEC. This week he was interviewed by Lou Rohman for a piece in the Merrill Corporation magazine, Dimensions. As well as outlining the role of OSD, Willis describes some of the capabilities that their in-house XBRL analytic tools provide to the […]
The SEC this week disclosed that a cyber intrusion through a test portal of the EDGAR system might have led to illegal profits from trading on data drawn from a regulatory database. In a statement, SEC Chair Jay Clayton said “Cybersecurity is critical to the operations of our markets and the risks are significant and, […]
On September 27th, 2017 in Toronto, XBRL Canada will be hosting a workshop geared towards SEC Reporting Issuers. The event will address the SEC announcements on March 1 2017 regarding the use of XBRL for IFRS Reporting Issuers, and the implementation of Inline XBRL. According to rule 33-9002 of the US Securities and Exchange Commission […]
Perhaps more noteworthy than the recent launch of a new polymer £10 note [very droll – Ed] , the Bank of England published a public working draft (PWD) of its ring-fencing taxonomy to govern reporting around the UK regulator’s requirement to split retail and investment banking. The PWD follows the release of Policy Statement 3/17 – […]
Will RegTech mean that regulatory compliance becomes vastly simpler? Or will enhanced corporate data management capabilities instead mean that regulators will collect more information, more frequently? What steps do national regulators,issuers and auditors need to take to get ready for the ESMA ESEF mandate? What improvements to the way that XBRL works are being made to modernise and simplify […]
This week, the SunSpec Alliance and XBRL US announced the launch of a 30-day public review period for the initial draft of their Orange Button taxonomy for solar financing. The taxonomy, developed as part of the U.S. Department of Energy SunShot Initiative’s Orange Button program aims to make it easier to aggregate and share data about […]
The Sustaining Partnership program is a very tangible way that members can contribute to XBRL’s goals to improve business reporting, worldwide. Sustaining Partnerships are a special category of membership over a minimum three year period. XBRL International CEO John Turner said “We are delighted to announce that Workiva is one of the first wave of […]
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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.
