GLEIF: A New API Launched for the LEI
Users can now directly access the complete LEI data pool in real-time following the launch of a new API.
Latest News
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Conceptual Framework project discussed at the September 2017 World Accounting Standard-setters conference
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 […]
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$550K Fine
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 […]
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Calling all XBRL Software Vendors
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.
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Digital Acceleration for IFRS
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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Regulatory Analytics Uncovered?
Internationally renowned XBRL expert, Mike Willis, runs the Office of Structured Data (OSD) at the SEC. This week he was interviewed by Lou Rohman for a piece in the Merrill Corporation magazine, Dimensions. As well as outlining the role of OSD, Willis describes some of the capabilities that their in-house XBRL analytic tools provide to the […]
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Cyber risks reach a crescendo
The SEC this week disclosed that a cyber intrusion through a test portal of the EDGAR system might have led to illegal profits from trading on data drawn from a regulatory database. In a statement, SEC Chair Jay Clayton said “Cybersecurity is critical to the operations of our markets and the risks are significant and, […]
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XBRL Canada to Host a Workshop for SEC Reporting Issuers
On September 27th, 2017 in Toronto, XBRL Canada will be hosting a workshop geared towards SEC Reporting Issuers. The event will address the SEC announcements on March 1 2017 regarding the use of XBRL for IFRS Reporting Issuers, and the implementation of Inline XBRL. According to rule 33-9002 of the US Securities and Exchange Commission […]
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BoE: Banking XBRL Taxonomy – ring fencing implementation feedback request
Perhaps more noteworthy than the recent launch of a new polymer £10 note [very droll – Ed] , the Bank of England published a public working draft (PWD) of its ring-fencing taxonomy to govern reporting around the UK regulator’s requirement to split retail and investment banking. The PWD follows the release of Policy Statement 3/17 – […]
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Data Amplified
Will RegTech mean that regulatory compliance becomes vastly simpler? Or will enhanced corporate data management capabilities instead mean that regulators will collect more information, more frequently? What steps do national regulators,issuers and auditors need to take to get ready for the ESMA ESEF mandate? What improvements to the way that XBRL works are being made to modernise and simplify […]
