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ESAs explain greenwashing in the financial sector

June 9, 2023

The European Supervisory Authorities (EBA, EIOPA, and ESMA) have released a Progress Report outlining a common understanding of greenwashing in the financial sector. Greenwashing can refer to intentionally or unintentionally offering misleading sustainability information and – unsurprisingly – the ESA’s report highlights lack of data as a cause.

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IASB seeks feedback on proposed changes to SMEs Accounting Standard

June 9, 2023

The International Accounting Standards Board (IASB) recently proposed amendments to the IFRS for SMEs Accounting Standard, aiming to assist small- and medium-sized entities (SMEs) in addressing international tax reform. This marks the first instance where the IASB has suggested urgent amendments to the Standard outside of its regular review process.

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EBA releases final draft technical standards for benchmarking exercise in 2024

June 9, 2023

The European Banking Authority (EBA) has published its final draft Implementing Technical Standards (ITS) for the benchmarking exercise in 2024.

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New roadmap for greenhouse gas reporting

June 9, 2023

The International Federation of Accountants (IFAC) and the We Mean Business Coalition (WMBC), in collaboration with Accounting for Sustainability (A4S), Global Accounting Alliance (GAA), and World Business Council for Sustainable Development (WBCSD), recently released a guide to help accountants navigate the world of greenhouse gas (GHG) reporting.

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Bank of England publish draft XBRL taxonomy

June 9, 2023

The Bank of England’s Prudential Regulation Authority (PRA) recently published a Public Working Draft (PWD) of their latest Banking Taxonomy – version 3.7.0.

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XBRL in Korea set to expand

June 2, 2023

South Korean authorities are set to tackle the country’s valuation gap with a comprehensive set of reforms that aim to enhance the visibility and attractiveness of Korea’s public markets.

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Regnology poised to expand with planned acquisition of InvokE

June 2, 2023

Regnology, a leading provider of regulatory reporting solutions, is making waves in the industry with its plan to acquire Invoke, a prominent French-based financial, regulatory, and tax reporting solutions provider. This strategic move marks Regnology’s fifth acquisition in less than a year.

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Comprehensive review highlights need for better reporting practices for anti-corruption data

June 2, 2023

The International Federation of Accountants (IFAC), Transparency International UK (TI-UK), and the World Economic Forum’s Partnering Against Corruption Initiative (the Forum’s PACI) have jointly conducted a comprehensive review of anti-corruption corporate reporting by the largest publicly traded companies worldwide.

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UK launches review of non-financial reporting requirements

June 2, 2023

The UK Department for Business and Trade (DBT), in collaboration with the Financial Reporting Council (FRC), has issued a call for evidence to support the review of the UK’s non-financial reporting requirements.

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Eurofiling releases conference agenda

June 2, 2023

The 28th Eurofiling Workshop will be held on 13 and 14 June at the ECB in Frankfurt and is divided into four thematic blocks (half day each)

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