Following a consultation process, the US Securities and Exchange Commission (SEC) has approved the 2024 Cybersecurity Disclosure (CYD) taxonomy – with EDGAR already updated for filers wishing to use the taxonomy immediately.
EFRAG has issued a Draft Comment Letter (DCL) in response to the IASB’s Exposure Draft on Climate-related and Other Uncertainties in the Financial Statements – Proposed Illustrative Examples.
The International Accounting Standards Board (IASB) has launched a research project to review and improve the requirements for the statement of cash flows under IFRS Accounting Standards.
Interested in taking a deep-dive into XBRL International’s recently released Currency and Country Taxonomies? Paul Warren and Catalina Ibañes walk you through the details on this webinar.
The US Securities and Exchange Commission (SEC) has released a draft of the updated 2024 Variable Insurance Product (VIP) Taxonomy. This update follows the SEC’s adoption of rules amending Form N-4, which is now required for issuers of Registered Index-Linked Annuities (RILAs) and Registered Market Value Adjustment (MVA) Annuities to register offerings.
Last week, John Schindler, Secretary General of the Financial Stability Board (FSB), addressed the Eurofi Financial Forum in Budapest, stressing the need for better data and regulatory coordination in the non-bank financial sector.
Creating digital reports often involves making explicit certain information that legacy, analogue, reports leave implicit. While human readers can infer meaning from context and convention, XBRL requires data to be precise and unambiguous to ensure machines interpret it accurately.
The European Banking Authority (EBA) has launched its 2024 EU-wide transparency exercise, offering a detailed look into the financial health of Europe’s banking sector. This data-driven initiative is part of the EBA’s preparations for the 2025 stress tests, aimed at ensuring a stable and resilient banking environment.
KPMG and PwC have raised concerns over the draft EU regulations on country-by-country reporting (CbCR), seeking clearer guidance on the use of XBRL for tax reporting. The new rules mandate XBRL for reporting financial data, but specifics on its implementation are lacking, prompting calls for further clarification.
Earlier this month the European Banking Authority (EBA) released an updated list of validation rules under its Implementing Technical Standards (ITS) on supervisory reporting.
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