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FCA adds new specs to system

March 10, 2024

The UK’s Financial Conduct Authority (FCA) has made an upgrade to their filing system, adopting the recently finalised specification update Calculation 1.1 specification and permitting .xbri file extensions in line with the Report Packages specification.

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Italian IFRS17 support materials available

March 10, 2024

The ABI-XBRL Italia working group has published ESEF-IFRS17 support materials. The aim is to assist listed financial institutions in aligning their consolidated financial statements with Regulation 815/2019 (ESEF) and the accounting principles in IFRS 17 on Insurance Contracts.

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Hong Kong advances sustainability disclosure standards development

March 10, 2024

Following a Hong Kong government announcement in October 2023, Hong Kong is taking strides to implement sustainability standards in line with those released by the International Sustainability Standards Board (ISSB).

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New software certified

March 10, 2024

We are very pleased to announce that Visma XBRLValidPro  from Visma Connect  is the latest XBRL Certified Software to achieve a “full house” of certification for all specification modules.

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Insights into digital climate data reporting in California

March 10, 2024

XBRL US recently released a new publication, “Digital First for California Climate Data,” highlighting the importance of digital data standards in climate reporting –  and advocating for the adoption of XBRL for greenhouse gas (GHG) emissions reporting in California.

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RBI Proposes Climate Risk Disclosure Framework

March 10, 2024

The Reserve Bank of India (RBI) has introduced a draft climate risk disclosure framework. Aimed at bolstering the resilience of regulated entities, the framework underscores the growing imperative for robust risk management in the face of climate change challenges – which are expected to have significant impact on reporting entities and pose financial stability risks.

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Singapore to implements ISSB Standards from 2025

March 10, 2024

Singapore will introduce mandatory climate-related reporting, in alignment with the International Sustainability Standards Board (ISSB) standards. The initiative, announced recently by the Singapore Parliament, aims to strengthen environmental accountability and transparency in the corporate sector.

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EFRAG releases second set of ESRS technical explanations

March 10, 2024

EFRAG has published a second set (find the first set here) of technical explanations to assist stakeholders in implementing the European Sustainability Reporting Standards (ESRS).

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XBRL Formula modernisation reaches important milestone

March 3, 2024

The OIM Formula specification was recently published at Candidate Recommendation status, along with a conformance test suite. OIM Formula is the first step in a modernisation programme for XBRL Formula.

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EBA consults on ITS for Basel III operational risk reforms

March 3, 2024

The European Banking Authority (EBA) has launched a public consultation on draft Implementing Technical Standards (ITS) in support of updated Pillar 3 disclosures and supervisory reporting requirements for operational risk.

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