The European Banking Authority now produces a remarkable range of aggregate data pulled from its holdings of EU-wide bank filings, with navigation and filtering driven by the definitions in the taxonomies. At the EBA this is generally represented as the data point model that informs these taxonomies. For analysts within the banking regulator, the level of […]
The Danish Business Authority, Erhvervsstyrelsen, is exploring cutting edge ways to apply a number of machine learning techniques to predict possible corporate failures. It is using the XBRL financial statements that it collects from the 240,000 or so private companies that operate in Denmark. The goal is to be able to provide early warning information to entrepreneurs […]
The European Central Bank is “drinking its own champagne” by applying the principles and processes around data quality and data integrity that it obliges financial institutions to apply via the BCBS239 guidelines. The ECB’s Banking Supervision Data Division is part of DG Statistics at the central bank, which, these days, is also the banking supervisor for all […]
With presentations from ESMA’s Michael Komarek and PwC’s Jon Rowden and a lively debate on a number of aspects of the upcoming ESEF mandate, the XBRL Europe meeting included significant discussion about public company filings. Key issues include open questions about: What will national regulators require companies to provide – will ESEF, as designed, shift EU […]
Did you miss the webinar from the CFA Institute’s Mohini Singh? The topic was the view of securities analysts on how technology and data standards can be used to improve financial reporting and analysis for both issuers and investors. If you did, not to worry, you can catch it on demand over on the XBRL US […]
Taxonomy Registry API provides a mechanism for software to directly query the taxonomies in it. XBRL tools integrated with the registry via the API will make it easier for end users to find and work with XBRL taxonomies.
Interesting Point of View post from XBRL US’s Michelle Savage this week. Using the LEI not just for regulatory reporting but as a way for private sector firms to understand corporate relationships — and therefore risk — around the world is gaining traction. This is happening especially in Europe, but in Asia as well. In […]
OK… so this is getting a little bit meta… but bear with us. STOXX Ltd., the operator of Deutsche Börse Group’s index business is in the process of launching two competing indices that focus on the opportunity that Artificial Intelligence offers to investors. One index is created from a basket of securities that have been selected […]
The XBRL Standards Board has approved an update to the Data Types Registry (DTR), containing proposed new datatypes for use in XBRL taxonomies. The DTR is a registry of standardised data types, designed to promote consistency in taxonomies across different domains. In conjunction with the Units Registry, the DTR is used to ensure that XBRL […]
Major Aussie institution, the Commonwealth Bank of Australia (CBA) has recently unveiled an AI chatbot named Ceba. Available to customers of the CBA, this app-based bot not only provides advice, but can apparently handle over 200 banking tasks, so, it is claimed, can actually do some banking for its customers itself. After authorisation from the […]
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