As expected, the EBA announced this week the availability of its 2.7 Supervisory Reporting Taxonomy, now available from its website. This is the taxonomy that will govern reporting to EU national supervisors and the ECB from March 2018. The taxonomy is available here.
EIOPA is seeking comments on changes to its Implementing Technical Standards that govern the Solvency II taxonomy used for reporting by insurance companies across the EU. The regulator is proposing some changes to the manner in which taxonomies are published and maintained in order to ensure that published legal requirements (contained in relevant regulations) and […]
The Arab Federation of Exchanges held its annual meeting in Beirut last week, attracting senior executives from Exchanges and Securities Regulators as well as key service and data providers from across the Middle East and North Africa (MENA), together with speakers from around the world.
The EBA has conducted a peer review of bank supervision data collection across Europe. The report contains a range of useful best practices for regulators of all kinds.
Speaking, as we were, of changes in EBA requirements, and following consultation rounds last year, the EBA has published some changes to the bank reporting rules in the EU. (The only thing that is truly known about regulatory reporting requirements is that they will change! — Ed.) The ITS, the supporting XBRL taxonomy and the […]
The International Accounting Standards Board is currently seeking applications for membership of the IFRS Taxonomy Consultative Group to fill two open positions. The IFRS Taxonomy Consultative Group contributes to the development of the IFRS Taxonomy by providing technical advice to the Board on taxonomy related issues. Candidates are expected to have taxonomy-related expertise or skills. […]
As frequently reported here, audit firms around the world are increasingly turning to new technologies, particularly artificial intelligence, to develop greater coverage and new insights. New machine learning techniques allow manual sampling efforts to be replaced with the automatic review of every single transaction of a particular type. Sounds like a way to provide a better, […]
The UK’s central bank has opened up applications for a new round of its FinTech accelerator program and one of the areas it would like to explore is big data storage of XBRL. According to the regulator, 70%-80% of its regulatory data is in XBRL format and they are interested in new ways to realise […]
The Taxonomy Architecture Guidance Task Force has now updated its guidance on the use of XBRL Dimensions. The guidance promotes consistency and simplicity in taxonomy designs and XBRL implementations. This “technical FAQ” is more technical than most of our guidance materials, but by providing clear, unambiguous solutions to common technical questions, implementers are left free […]
A Japanese equities valuation and information startup caught our eye this week. XenoData Lab, based in Tokyo, has brought to market an analytical platform that provides easily consumable snapshots, or digests about companies within a minute of financial statements being submitted to the Tokyo Stock Exchange. XenoData pulls data from multiple sources, including the XBRL […]
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