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 Single Resolution Board (SRB) has released its Annual Report for 2022, providing insights into its work in enhancing the stability of Europe’s banking sector and ensuring the resolvability of SRB banks.
Rebecca Jackson, director of the UK’s Prudential Regulation Authority (PRA), recently delivered a speech at the Association Of Foreign Banks Mansion House Lunch, shedding light on the PRA’s approach to data regulation and supervision in the financial industry.
The European Central Bank (ECB) has released supervisory banking statistics on so-called “less significant institutions” (LSIs), complementing existing data on significant institutions.
The European Central Bank (ECB) has published its third assessment of European banks’ progress in disclosing climate and environmental risks. While most banks have increased their disclosures in the past year, the quality of information still falls short of upcoming supervisory standards.
XBRL US CEO Campbell Pryde took a deep dive into bank regulation in the wake of the recent Silicon Valley Bank failure. He points out that XBRL data could have easily helped predict the crisis, as financial statements demonstrated the fragility of SVB’s finances.
The Bank of England (BoE) has recently published the latest updates for those following the initiative it is leading together with the Financial Conduct Authority (FCA) to transform data collection in the UK financial sector.
This week the European Central Bank (ECB) led by example in publishing its own climate-related financial disclosures, demonstrating that its portfolios are on a path towards decarbonisation.
The past few weeks have been chaotic in global financial markets, including a run on Silicon Valley Bank, quickly followed up with a wave of panic uncertainty around Credit Suisse, with both deposit-taking institutions subject to rapid regulatory resolution over the past couple of weekends.
Financial regulation has been in the spotlight recently as uncertainty, driven by Silicon Valley Bank (SVB) in the US and Credit Suisse in the EU (see above), continues.
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XBRL International is a global not for profit operating in the public interest. Our purpose is to improve the accountability and transparency of business performance globally, by providing the open data exchange standard for business reporting.
