In an upbeat assessment of the global economy, IMF Chief Christine Lagarde suggested this week that now is the right time for countries to implement economic reforms, with around 75% of the world’s economies enjoying strong growth. The Fund has a laundry list of suggestions about ways to secure economic expansion and to tackle inequality. […]
Building on work carried out earlier in the year in which “who owns whom” information (child to parent relationship links) started to be collected, the GLEIF’s oversight Board, the ROC, now seeks to incorporate more complex relationship data within the Funds Management industry. The main aim of the report is to move beyond reporting singular ‘fund family’ […]
We hear that the SBR Sweden meeting went well this week. Collaboration across tax, statistics and the companies registrar appears to be moving ahead well. Inline XBRL filing for private company filings isn’t far off, and a test bench will open before long. Stay tuned!
Data Amplified isn’t far away! At this week’s TODE workshop in Madrid, XBRL CEO John Turner gave a future looking presentation outlining one possible set of scenarios for digital business reporting from the perspective of 2032 – 15 years hence. At Data Amplified there will be discussion and debate about the future direction of the […]
At this week’s RegTech summit in London’s Canary Wharf, startups, financial institutions and several regulators convened to discuss ways to deal with the complexity, size and frequency of change in the regulation that companies face. Traceability was one theme. Financial institutions have manual, project-based approaches to dealing with new rules and changes to existing rules. […]
Users can now directly access the complete LEI data pool in real-time following the launch of a new API.
Following on from last week’s story about IASB priorities, including in relation to digital reporting, this week standard-setters from around the world met for a workshop on the IFRS Conceptual Framework project. Delegates discussed the main concepts that will be included in the revised Conceptual Framework for Financial Reporting and were updated on the status and […]
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.
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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.
