Latvian success story
The Latvian regulator has implemented Solvency II and CRD IV reporting using a taxonomy-driven approach. *Link to presentation added*
The Latvian regulator has implemented Solvency II and CRD IV reporting using a taxonomy-driven approach. *Link to presentation added*
Maite Sainz from Banco de España recently provided an update on the XBRL implementation at that regulator. The Bank of Spain is that country’s central bank and bank regulator (national-level regulators are known as NCAs or National Competent Authorities in Europe), and has been using XBRL for data collection since 2005. The Bank has been […]
The Danish Business Authority is now publishing more than 600,000 sets of company accounts
The level of co-ordinated focus, at a national as well as at a pan-European basis, on improving data quality is very impressive, although clearly it is still early days.
Legislation that would require all of the US federal financial regulators to replace existing disconnected, often manually prepared, reports and forms with consistent data standards for all the information they collect under securities, commodities, and banking laws was introduced this week. This legislation has the backing of a bipartisan group of lawmakers. If passed it […]
The Central Bank of the Russian Federation’s Board of Directors has approved a plan for non-bank financial institutions (NFIs) to report in XBRL
The Australian Securities & Investment Commission, as part of its efforts to “assist companies in dealing with the complexity of financial reporting and allow users to better navigate financial reports” now encourages companies to file financial reports in iXBRL, removing the need for separate lodgement of a PDF-format or paper financial report. Since July 2010, companies that […]
As part of the legislative process, proposed laws in the US are first examined by committees of lawmakers, who call witnesses to testify on how the proposed Bill will impact various stakeholders. It’s an important bit of political theater but rarely provides anything in the way of new information. That was the case at a […]
The US Securities and Exchange Commission continues to seek to leverage interactive data for greater transparency. This week the body proposed rules to require companies to disclose the relationship between executive compensation and the financial performance of a company using XBRL. The goal is to provide greater transparency and allow shareholders to be better informed […]
The US SEC provides rendering previewers for filers to test how an interactive data submission will appear on the SEC’s website when submitted via EDGAR. Rendering is important because it adds back in the human readability component of machine readable XBRL data, which enhances usability. Learn more or access the viewer directly.