One item in particular over the holiday break caught our attention. Research by Patronus AI highlighted apparent challenges faced by large language models (LLMs), such as OpenAI’s GPT-4, in analysing financial data contained in US Securities and Exchange Commission (SEC) filings.
The European Banking Authority (EBA) has released its final draft Implementing Technical Standards (ITS) supporting amendments to disclosure and reporting requirements for the Minimum Requirement for Own Funds and Eligible Liabilities (MREL) and the Total Loss Absorbency Requirement (TLAC).
XBRL US has issued a comment response letter in support of the US Federal Energy Regulatory Commission’s (FERC) proposed rule change (Docket No. RM23-9-000) on the transition of Electric Quarterly Report (EQR) data collection to xBRL-CSV.
The US Financial Accounting Standards Board (FASB) has released proposed GAAP Taxonomy Improvements for public comment.
In late December last year the US Securities and Exchange Commission (SEC) updated its EDGAR system to version 23.4, providing support for the new Fund (FND) Taxonomy, which has been specifically tailored for tagging elements associated with the recent final rule on Investment Company Names.
The US Federal Energy Regulatory Commission (FERC) is advancing its XBRL filing process with the release of Version 2024-04-01 for FERC Forms. Effective from the first quarter of 2024, this update encompasses taxonomies, validation rules and rendering files for Forms 1, 1-F, 2, 2-A, 3-Q electric, 3-Q natural gas, 6, 60, and 714.
In response to COP28 outcomes, CDP CEO Sherry Madera celebrates the global agreement to shift from fossil fuels but urges a more robust stocktake with a clear, sustainability data-based roadmap. Acknowledging progress, Madera emphasises the pivotal role of robust data and transparency.
The UK’s Joint Regulatory Oversight Committee – a collaborative effort between the Financial Conduct Authority (FCA) and Payment Systems Regulator (PSR) – has provided an update on substantial strides made since its open banking vision announcement in April.
The European Financial Reporting Advisory Group (EFRAG) has released its first three draft ESRS (European Sustainability Reporting Standards) Implementation Guidance documents for public feedback.
This week Europe published agreed-upon regulation to establish the European Single Access Point (ESAP). Designed to provide centralised access to publicly relevant data from across EU member states, ESAP has the potential to be a game-changer for digital data in Europe.
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