With the obligation to deposit annual accounts in the XBRL format becoming mandatory for medium-sized firms as well as smaller legal entities for accounts prepared for the fiscal year ending 31 December 2017, XBRL Netherlands has organized a workshop for SME’s to help! Details here.
The Netherlands Institute of Chartered Accountants (NBA) has published a new version of the Dutch XBRL taxonomy for accounting statements in order to better meet the requirements of its SBR Assurance solution. This new taxonomy must be used from 1 January 2018 in the preparation of digitally audited financial statements. This impacts a large number […]
The 8th XBRL Asia Roundtable was held as a joint program with the Asian Development Bank (ADB) in Manila, Philippines in the second week of October. Day one of the program started with a launch of ASEAN+3 Bond Market Guide for Philippines and updates from ASEAN+3 Bond Market Forum (ABMF). The meeting deliberated on different […]
The SEC’s Division of Economic and Risk Analysis (DERA) has compiled and analysed XBRL exhibits from US issuers that are submitting XBRL and Inline XBRL to that regulator. The analysis covers a three-year period, from March 2014 to December 2016. The data shows a very modest contraction in the number of custom tags or “extensions” […]
Research undertaken by McKinsey & Company and GLEIF estimates that the wider adoption of Legal Entity Identifiers (LEIs) could yield annual savings of over $150 million in the investment banking industry and up to a further $500m for banks in the issuance of letters of credit. The resulting white paper estimated that annual savings in […]
Eight of Europe’s largest banks have taken the first steps in rolling out a new shared blockchain commerce platform – Digital Trade Chain. The joint venture’s distributed ledger framework is aiming to connect buyers, sellers, banks, and intermediaries, in order to ease domestic and cross-border commerce for European companies. Digital Trade Chain will be rebranded […]
The landmark Kotak report prepared by a Committee of experts on Corporate Governance was submitted to the Securities and Exchange Board of India (SEBI) last week. The ‘Corporate Governance in India’ report aims to converge Indian and international corporate governance standards for that country. Out of its 170 pages, one significant takeaway may be of […]
To all our readers, members and friends in India and across the world that are celebrating the festival of light this week — Happy Diwali!
In fact, our spies at Sibos tell us that the initiatives that attracted the crowds at the world’s largest banking conference this week were those driven not by blockchain, but through Open APIs. Open, light interfaces that simplify the exchange of information from system to system are rapidly becoming the most interesting technical development for […]
With new talks on AI and a host of other subjects, including a keynote from the Bank of England’s Beju Shah on the role that XBRL can play in making reporting easier for everyone, don’t forget that the concessional pricing for the DataAmplified hotel runs out on 23 October!
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