Designing reports that reference a number of organisations can be be challenging. Help is to hand for XBRL taxonomy authors in a new Guidance Note. Business reports frequently contain information about a range of different organisations. These might include the reporting entity itself, auditors, subsidiaries or transaction counter parties to name just the most common. A taxonomy author may […]
Did you know? The Netherlands Standard Business Reporting program goes well beyond tax and company reporting. For example, the Ministry of Education, Culture and Science in the Netherlands (OCW) has published a beta version of the OCW Taxonomy, which is part of the SBR National Taxonomy. The OCW segment of the Dutch Taxonomy 2017 includes […]
Britain’s banks may be overestimating their ability to insulate themselves from the impact of FinTech and Open Banking challenges to future profits. For the first time, as an additional part to standard stress testing, the Bank of England examined the major UK banks’ long‑term strategic responses to an extended low growth, low-interest rate environment with […]
Designing reports that reference a number of organisations can be be challenging. Help is to hand for XBRL taxonomy authors in a new Guidance Note.
On October 19th, Stefan Hunt, Head of Behavioural Economics and Data Science at the UK Financial Conduct Authority (FCA), delivered a speech about the power of machine learning and artificial intelligence (AI) for regulators. Mr. Hunt’s speech was part of the October instalment of the Beesley Lectures that have drawn high-profile leaders to deliver expert […]
On Wednesday the Central Bank of Russia and the prestigious Finance University in Moscow marked the endowment of a new Chair in XBRL studies. Aimed at helping develop and expand expertise in the field for finance professionals as well as students, the Finance University will also be carrying out research into structured data and digital […]
The Global Legal Entity Identifier Foundation (GLEIF) hosted a webinar last Thursday (16 November) to highlight and discuss progress in LEI reporting and supervision. This provided another opportunity to remind market participants to obtain an LEI in readiness for the European Union revised MiFID II mandate. With less than two months before the MiFID II regime […]
Is the adoption of cryptocurrencies by central banks possible? Or maybe the right question in this regard should be “when?”. It seems that many central banks have already conducted a variety of tests to help answer this question. As you may remember from our previous story, back in July, the Bank of England released results […]
MAS announces regulatory reporting will be achieved machine-to-machine via structured data and that the regulator will work to eliminate duplication within their structured data collections.
Have you ever been abroad and been asked whether you would like to pay in your home currency or the currency of the location you are in? That choice is not simply one of just personal preference. Whilst most tend to opt to transact in their home currency, doing so will likely lead to paying […]
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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.
