Are you following the long-term initiative to transform data collection from the UK financial sector being led by the Bank of England and the Financial Conduct Authority (FCA)?
Our banking-minded readers will know that the Bank of England has successfully transitioned from XML to XBRL for its statistical data collection, publishing its final version 1.2.0 statistics taxonomy in September 2021.
The Bank of England’s Prudential Regulation Authority (PRA) has made a number of changes to its regulatory reporting requirements for the banking sector.
In news that may catch the attention of doubters when it comes to investing in regulatory reporting, the Bank of England’s Prudential Regulation Authority (PRA) recently fined Metro Bank 5.38 million pounds (just over 7 million dollars) for failures in its regulatory reporting.
The Bank of England (BoE) has issued a request for input from suppliers on designing solutions to tackle the challenges of modernising its approach to data collection.
Do you need to catch up on the Bank of England’s digital transition for statistical data collection? If so, you might find a recent post from Invoke to be a useful summary.
The Bank of England’s financial watchdog, the Prudential Regulation Authority (PRA), has written to company CEOs discussing recent findings on the reliability of regulatory reporting, decrying poor practices, and reiterating its supervisory expectations.
The Bank of England is shifting from XML to XBRL for the collection of significant amounts of statistical data.
The Bank of England is seeking a second round of feedback on its new statistics taxonomy, with the publication on 24 May of version 1.2.0 Public Working Draft 2 (PWD2). The updated taxonomy will support the Bank’s transition from XML to XBRL for its collection of statistical data.
The UK’s Financial Conduct Authority (FCA) has announced the dates when panel bank submissions for all LIBOR settings will cease, after which representative LIBOR rates will no longer be available. This is an important step towards the end of LIBOR and the transition away from discredited interest rate benchmarks of this type, and provides valuable certainty.
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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.
