EBA updates ITS validation rules
The European Banking Authority (EBA) has released a revised list of validation rules in its Implementing Technical Standards (ITS) on supervisory reporting.
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EFRAG FR TEG announces new composition
The EFRAG Financial Reporting Technical Expert Group (EFRAG FR TEG) has finalised its composition for the upcoming term. The group welcomes three new members: Andrea Lionzo, An Lommers, and Peter Ujvari.
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ECB and EBA collaborate to streamline banking data reporting
The European Central Bank (ECB) and the European Banking Authority (EBA) have recently teamed up to establish the Joint Bank Reporting Committee (JBRC). This initiative aims to enhance efficiency and reduce costs in the banking industry’s data reporting processes.
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Improving acquisition reporting: IASB’s latest move
In a bid to enhance transparency in acquisition reporting, the International Accounting Standards Board (IASB) has proposed new amendments. The Board published an Exposure Draft last week, aiming to provide investors with better insights into companies’ acquisition strategies and post-acquisition performance.
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SEC releases EDGAR guide: A comprehensive resource for XBRL filers
In line with the recent updates to XBRL taxonomies and the EDGAR system, the Securities and Exchange Commission (SEC) has published the EDGAR XBRL Guide.
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Unlocking economic potential with XBRL
For a quick refresh on the transformative power of XBRL and the need for open data, it’s worth taking a look at a recent video from Rachel Carpenter, CEO of Intrinio. Carpenter highlights the staggering potential cost savings of structured financial data with XBRL.
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SEC accepts 2024 GAAP and SEC reporting taxonomies
The US Securities and Exchange Commission (SEC) has green-lit the 2024 GAAP Financial Reporting Taxonomy (GRT) and the 2024 SEC Reporting Taxonomy (SRT), collectively known as the “GAAP Taxonomy.”
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SEC 2024 XBRL taxonomies update
On 18 March the US Securities and Exchange Commission (SEC) Electronic Data Gathering, Analysis, and Retrieval (EDGAR) system underwent an upgrade to Release 24.1, now supporting the 2024 taxonomies.
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Canada Proposes IFRS-Based Sustainability Reporting Standards
The Canadian Sustainability Standards Board (CSSB) has unveiled proposed standards aligned with the International Financial Reporting Standards (IFRS) Foundation’s International Sustainability Standards Board (ISSB).
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Technical FAQ for report packages: a guide for software developers
This week we published a new technical FAQ document aimed at software developers who are working with XBRL Report Packages.
Consultations
Open Consultations
- Pillar 3 disclosures and supervisory reporting requirements for operational riskResponses due by 30-04-2024
- New framework for the business indicator for operational riskResponses due by 21-05-2024
- Business Combinations—Disclosures, Goodwill and ImpairmentResponses due by 15-07-2024
