The UK’s Prudential Regulation Authority (PRA) have issued a document of key findings, good practice and next steps for transition from the London InterBank Offered Rate (LIBOR) to risk-free rates (RFR) for firms to consider when planning their own transition. After a series of manipulation scandals, the once-dominant LIBOR benchmark is being abandoned, with the […]
The UK is leading the way to open up access to its financial system, according to the UK Payments System Regulator which published its annual report yesterday. The UK has been a prime mover in the effort to ensure that new financial services providers (such as Fintech payment startups) can compete by forcing banks to […]
Dutch banks ABN Amro, ING and Rabobank are leading the effort to shift corporate reporting to credit providers from paper to data.
The team at Threadneedle street are busy. Hot on the heels of the Capital+ taxonomy, arrives a new draft taxonomy for comment. This is a set of PRA requirements for bank Financial Statements. Once again, the Bank of England has chosen to align its reporting requirements – and taxonomy – with the EBA framework, taking […]
Data Amplified is your opportunity to get an inside look at how XBRL is being used around the world to meet goals both tactical and strategic – illustrated with case studies presented by both solution providers and regulators.
At Data Amplified, we’ll be examining a case study of the efforts made by Deloitte and an Irish bank to record and report on product offerings and customer interactions and trades for MiFID II reporting.
Fintech is creating new opportunities for collaboration between firms offering new financial services while causing headaches for institutions wed to the old ways of doing business.
The European Banking Authority has released corrective updates to two versions of its XBRL taxonomies for supervisory reporting (versions 2.4 and 2.5) to fix technical errors in the implementation of some validation rules.
A partnership of three major commercial banks in the Netherlands announced this week that they will mandate the use of the Standard Business Reporting (SBR) program for all credit reporting as of 1 January 2017.
At a short ceremony at the Reserve Bank of India on 22 January 2016, XBRL International presented India’s central bank with an award recognising the regulator’s ongoing innovation in leveraging the standard in pursuit of improved transparency and accountability. RBI has been using XBRL for several years for prudential data collections, covering some 97 risk […]