A partnership of three major commercial banks in the Netherlands announced this week that they will mandate the use of the Standard Business Reporting (SBR) program for all credit reporting as of 1 January 2017.
By naming XBRL as an identified ICT Standard, the European Union is indicating to regulators that they will be able to specify XBRL and still adhere to mandatory EU guidelines for best practices in procurement.
At a short ceremony at the Reserve Bank of India on 22 January 2016, XBRL International presented India’s central bank with an award recognising the regulator’s ongoing innovation in leveraging the standard in pursuit of improved transparency and accountability. RBI has been using XBRL for several years for prudential data collections, covering some 97 risk […]
Data collection and regulatory analytics platform ABACUS/Regulator honored as leading-edge technology Management and technology consultancy BearingPoint wins the prestigious Central Banking Award 2016 in the category “Technology Provider of the Year.” The judging panel honored BearingPoint for ABACUS/Regulator, a leading-edge data collection and regulatory analytics platform for central banks and supervisory authorities. The award will […]
We like to keep you abreast of developments at the major accounting standards bodies. To that end, the Financial Accounting Standards Board (FASB), which sets accounting standards in the US and is responsible for the US GAAP Taxonomy, has released its outlook for 2016, including results of a stakeholder survey on its future agenda. One […]
The IASB has released minutes from the latest IFRS Taxonomy Consultative Group conference call. Topics included upcoming and current ITCG reviews, the IFRS Taxonomy deprecation schema, and the management of entity-specific disclosures. Note that it is likely that publication of the annual IFRS Taxonomy 2016 will be delayed until April of this year due to this […]
The XSB has released the first Public Working Draft (PWD) of the OIM, along with a PWD of xBRL-JSON, a standard JSON representation of an XBRL report, providing new flexibility to regulators, data providers and other structured data publishers.
The Accounting Research and Development Foundation (ARDF) of Chinese Taipei is the newest member of the XBRL consortium
A new Working Group note provides information on how and when duplicates can occur and guidance on how to tackle them in different kinds of projects.
The XSB is issuing a call for implementations and is holding a six week comment period though 20 January 2016.
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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.
