After a year of revisions and “hundreds” of comments, the US Treasury has released a near final version of its schema outlining data definition standards to be used by federal agencies in reporting spending under the DATA Act. The DATA Act Information Model Schema (DAIMS) v1.0 gives an overall view of the hundreds of distinct data elements […]
The European Banking Authority has released corrective updates to two versions of its XBRL taxonomies for supervisory reporting (versions 2.4 and 2.5) to fix technical errors in the implementation of some validation rules.
The Kuwait News Agency has announced that the Capital Markets Authority in that country will use XBRL in its efforts to regulate and develop the capital market, protect investors and improve the financial system in Kuwait.
The Surety Working Group formed by XBRL US has completed a Proposed Recommendation of its Work-in-Process Taxonomy for automating the reporting of elements related to identifying risks and determining eligibility for surety bonds.
The SEC recently issued a “concept release” seeking public comment on business and financial disclosure requirements in Regulation S-K. This is the regulation, first instituted in 1933, that lays out reporting requirements for quarterly, annual, and other various SEC filings used by public companies in the United States.
The Assertion Severity specification is a modular addition to the XBRL Formula specification that allows validation rules to be classified according to their severity.
The Taxonomy Package Specification defines a standard way of publishing taxonomies that XBRL tools can use to improve the end-user experience when working with XBRL.
Government oversight groups are praising a decision by the US House Rules Committee (a powerful body that manages the day to day activities of the US House of Representatives) to publish the text of the House Rules and eventually other related documents in XML format on GitHub. An interesting approach and one worth analysing. Learn more here.
The Central Bank of the Russian Federation has published its roadmap of strategies for developing more robust financial markets in that country. The document covers everything from improving the financial literacy of the general public, to improving access to capital, promoting transparency and participation in efforts to stabilise global markets.
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