The Financial Stability Board (FSB) recently held a roundtable to examine the financial stability implications of structural change in the global audit industry, from shifting firm ownership to the rapid uptake of new technologies.
The Financial Stability Board (FSB) has opened a consultation on sound practices for the responsible adoption of artificial intelligence (AI) by financial institutions, published on 10 June 2026. Comments are invited until 22 July.
The UK’s Financial Reporting Council (FRC) has announced a significant expansion of its sandbox innovation programme, with three new initiatives inviting audit firms and companies to work directly with the regulator.
A recent survey by PwC, drawing on interviews with 50 Chief Information Officers in Germany, offers a glimpse of where AI adoption is getting stuck: the data.
Global securities regulator the International Organization of Securities Commissions (IOSCO) has published a new supervisory toolkit to support regulators overseeing the use of Artificial Intelligence (AI) in capital markets.
In a recent webinar hosted by Friend Studio, XBRL International CEO John Turner joined reporting practitioners James Rennie, Group Finance Director of Oakley Capital, and Rory Nussbaumer, Global Sustainability Reporting and Strategy Manager at Corteva, to discuss why digital-first reporting is becoming essential in the AI era.
As regulators around the world wrestle with how artificial intelligence can strengthen oversight of corporate reporting, XBRL US has delivered a clear statement to the Public Company Accounting Oversight Board (PCAOB): the future of audit supervision may depend less on flashy AI models and more on the quality of the data fed into them.
In the latest instalment of his guest series for XBRL International, Björn Fastabend, head of the XBRL collection and processing unit at BaFin, Germany’s Federal Financial Supervisory Authority, shares a fascinating hands-on experiment in using AI to analyse XBRL data from the SEC’s EDGAR database.
Take a Volkswagen ID.4. Lovely car. Very sustainable. Now drive it to the moon and back. Nineteen times. You will need snacks. And… oxygen. You’ll also need roughly 2.7 million kWh of electricity, which, by a coincidence that borders on the poetic, is about how much AI energy just two jurisdictions will waste every reporting […]
This guest opinion piece is the fourth in a series from Björn Fastabend, bringing us a regulator’s perspective alongside a wealth of experience in digital reporting. Björn is head of the XBRL collection and processing unit at BaFin, Germany’s Federal Financial Supervisory Authority, where he supervises all related activities and leads the implementation of strategic […]
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