ICT providers and a wide range of service providers in the financial space are racing to work out whether their operations are impacted by new EU rules and if so, how. The definitions are fairly broad, so if your organisation has not already looked into DORA, the Digital Operational Resilience Act, now might be the right time.
A new post from XBRL International’s Entity Specific Disclosure Task Force (ESDTF) delves into the complex but crucial process of incorporating common practice reporting elements into financial reporting taxonomies like IFRS and US GAAP. The same technique can be used by analysts and data providers ahead of standards setters actions in this area.
The Global Reporting Initiative (GRI) and the IFRS Foundation have collaborated to recently publish “Interoperability considerations for GHG emissions when applying GRI Standards and ISSB Standards.” The publication serves as a guide for companies navigating the measurement and disclosure of Scope 1, Scope 2, and Scope 3 greenhouse gas (GHG) emissions.
The Taskforce on Nature-related Financial Disclosures (TNFD) recently announced that 320 organisations from over 46 countries have pledged to initiate nature-related disclosures based on TNFD Recommendations, which were released in September last year.
Aiming to bolster investor protections in Special Purpose Acquisition Companies (SPACs), the Securities and Exchange Commission (SEC) has announced the adoption of the final rule for SPACs, Shell Companies, and Projections. The rule mandates Inline XBRL tagging for information in Subpart 1600 of Regulation S-K.
The European Financial Reporting Advisory Group (EFRAG) has launched a public consultation on two Exposure Drafts concerning sustainability reporting standards for Listed SMEs. Before you ask, “What’s a Listed SME?”, well… it’s complicated.
The European Banking Authority (EBA) has published for comment draft guidelines for the management of Environmental, Social, and Governance (ESG) risks.
The European Banking Authority (EBA) has released a consultation paper seeking feedback on proposed amendments to the data collection framework for the benchmarking exercise in 2025.
The Financial Accounting Standards Board (FASB) has released two proposed Taxonomy Implementation Guides based on the 2024 GAAP Financial Reporting Taxonomy. Pending Securities and Exchange Commission (SEC) acceptance, the 2024 Taxonomy was made available in December 2023.
A couple of weeks ago we commented unfavourably on the use of PDF versions of SEC filings as inputs to Large Language Models (LLMs). We are much more interested in how these tools can be leveraged to examine structured data.
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