The 12th XBRL Asia Round Table (XART) was held in Tokyo this week in conjunction with the ASEAN+3 Bond Market Forum, Asia-Pacific Financial Forum (APFF) and Asia Business Law Institute (ABLI) events.
The landscape for Environmental, Social, and Governance (ESG) data is rapidly evolving, and understanding how it is currently used, and how that is likely to change in the near future, is crucial.
This week, the International Sustainability Standards Board (ISSB) marked a significant milestone in advancing sustainability reporting by publishing the Proposed IFRS Sustainability Disclosure Taxonomy.
The XBRL Standards Board has approved a new proposed recommendation on XBRL Report Packages for your final review.
In a significant boost for comparable, usable sustainability data, The International Organization of Securities Commissions (IOSCO) has given its stamp of approval to the International Sustainability Standards Board’s (ISSB) Standards after a thorough review.
The De Nederlandsche Bank (DNB) is initiating a purchasing process for software to enable the disclosure of information from XBRL taxonomies and reports. This move comes as a follow-up to the request for information (RFI) issued last year, in line with DNB’s ongoing efforts to enhance its reporting capabilities.
The implementation of standardised, normalised and harmonised data collections, such as in the Dutch Standard Business Reporting (SBR) program, can significantly reduce administrative burden and improve efficiencies.
In the era of artificial intelligence (AI), there is a growing interest in the use of AI models like ChatGPT to enhance financial reporting processes. However, it is crucial to recognise the importance of structured, machine-readable data in training AI models effectively.
In July 2021 the Financial Stability Board (FSB) released a comprehensive Roadmap, which aims to strengthen risk management practices and enhance financial system resilience to climate-related risks. It outlined key actions to be taken in four areas: firm-level disclosures, data, vulnerabilities analysis, and regulatory practices.
In a recent letter addressed to G20 Finance Ministers and Central Bank Governors, the Financial Stability Board (FSB) notes that it is intensifying its efforts to address climate-related financial risks by working closely with the International Organization of Securities Commissions (IOSCO) to support the roll out of the International Sustainability Standards Board (ISSB) final standards.
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