Last week the Bank of England published an update to the release note published alongside the Bank of England Banking Taxonomy 3.3.0. The update includes minor amendments to the validation files included with the taxonomy. Read more and access the files here.
The Bank of England has now published an updated taxonomy (v1.1.0) and associated validation rules for forms AS and FV, which represent key aspects of the bank’s statistical data collection in XBRL. Read more here.
The Bank of England has released an updated supervisory statement outlining guidelines for completing regulatory reports in the light of the latest updates to the UK’s PRA rulebook. The guidelines include two new regulatory reporting guidelines due to come into effect in January 2019, around the use of financial market infrastructures and excluded activities and […]
In the first such move by a central bank worldwide, the Bank of England (BoE) has stepped up its calls for financial institutions to take action on climate change with the release of a set of proposed supervisory rules.
A new Prudential Regulatory Authority (PRA) report examines how climate change poses financial risks to banks and how they are responding.
Using a big data approach to drive analytics of large quantities of XBRL data, with necessary data structuring, aggregation, ordering and filtering controlled directly from the XBRL taxonomy (the business-led data definitions) has been something of a holy grail for regulators and other large scale users of the standard for many years.
Chairman of the global Financial Stability Board and Governor of the Bank of England, Mark Carney, was just one of the leading regulators around the world to call for new measures to reign in cryptocurrencies this week. Mr Carney warned that a range of crypto assets are exhibiting the “classic hallmarks of bubbles”. In a speech […]
Perhaps more noteworthy than the recent launch of a new polymer £10 note [very droll – Ed] , the Bank of England published a public working draft (PWD) of its ring-fencing taxonomy to govern reporting around the UK regulator’s requirement to split retail and investment banking. The PWD follows the release of Policy Statement 3/17 – […]
The UK’s central bank has opened up applications for a new round of its FinTech accelerator program and one of the areas it would like to explore is big data storage of XBRL. According to the regulator, 70%-80% of its regulatory data is in XBRL format and they are interested in new ways to realise […]