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GLEIF keeps pace with updated regulatory LEI implementations

December 24, 2023

The Global Legal Entity Identifier Foundation (GLEIF) plays a pivotal role in monitoring and facilitating the adoption of the Legal Entity Identifier (LEI) in regulatory reporting and supervision. GLEIF regularly updates its list of current and proposed regulatory activities involving the utilisation of LEIs, reflecting the ongoing commitment to transparency and regulatory compliance.

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SEC report sheds more light on benefits of machine-readable disclosures

December 24, 2023

In compliance with 2022’s Financial Data Transparency Act (FDTA), the US Securities and Exchange Commission (SEC) has released its second semi-annual report providing insights into the use and value of machine-readable data. The report covers a spectrum of benefits, including an updated list of which corporate disclosures are machine-readable.

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ISSB unveils new resources to empower digital sustainability disclosures

December 24, 2023

As the International Sustainability Standards Board (ISSB) gears up for the imminent implementation of ISSB Standards—IFRS S1 and IFRS S2— in January 2024, it has introduced a host of updated resources to assist companies in seamlessly applying the standards.

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SEC’s 2024 SRO Taxonomy introduces XBRL

December 24, 2023

The US Securities and Exchange Commission (SEC) recently implemented several rule amendments aimed at enhancing the settlement cycle for broker-dealer transactions and related processes. A draft taxonomy – the 2024 Self-Regulatory Organizations (SRO) Taxonomy – has now been published to support the new rules.

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IOSCO reports on supervisory action against greenwashing

December 24, 2023

Action on greenwashing has been accelerating around the world to safeguard investors and market integrity in the sustainable finance realm. The International Organisation of Securities Commissions (IOSCO) recently published a paper shining a light on various initiatives in the burgeoning sustainability space.

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EBA Publishes Discussion Paper on Centralised Pillar 3 Disclosures

December 16, 2023

As we have written here before, the Basel III requirement for banks to publish a range of safety and soundness data — a summary of the prudential data they disclose to central banks and regulators — has largely been a failure.

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Financial Data Transparency Act: find out about local government finances

December 16, 2023

Heightened transparency is on the horizon at state and municipal level in the US, with last years Financial Data Transparency Act (FDTA) set to transform the way local governments, including school districts, disclose financial information by introducing a machine-readable format.

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DORA enters next chapter with second batch of policy products

December 16, 2023

The European Supervisory Authorities (ESAs) kick off a public consultation on the second batch of policy mandates under the Digital Operational Resilience Act (DORA). Enacted on January 16, 2023, DORA is set to be in full swing from January 17, 2025, harmonising operational resilience rules for 21 types of financial entities.

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EBA harnesses digital data for banking risk assessment

December 16, 2023

The European Banking Authority (EBA) recently conducted its 2023 stress test, providing a comprehensive assessment of the European banking system’s resilience and vulnerabilities. Notably, the data underpinning this evaluation is sourced from digital regulatory data, demonstrating the utility of digital technology in supervision.

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SEC Halts Repurchase Rule

December 16, 2023

Following a court decision in the US Court of Appeals 5th Circuit, the US Securities and Exchange Commission (SEC) has decided to delay the Repurchase Rule, making the date for implementation at least uncertain. It’s an interesting demonstration of the importance of data and disclosure, and the complexity of modern regulation.

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