On 30 April, the European Securities and Markets Authority (ESMA) published its fifth Report on the Quality and Use of Data, shedding light on how regulatory data is being used across the EU—and where early wins are emerging in efforts to reduce the reporting burden.
Filings to the US Securities and Exchange Commission (SEC) are packed with valuable data, but making meaningful comparisons isn’t always straightforward. With thousands of company-specific extensions in play, even similar disclosures can be tagged differently, creating inconsistencies that make analysis harder.
The European Insurance and Occupational Pensions Authority (EIOPA) has officially launched its Consultative Expert Group on Data Use in Insurance, following a call for candidates in December last year.
The Center for Audit Quality (CAQ) recently unveiled a promising trend in financial reporting: the number of financial restatements filed with the SEC has decreased by more than 50% over the last decade. The comprehensive study, covering 2013 to 2022, highlights a significant improvement in financial reporting quality.
Last week Andreas Barckow, Chair of the International Accounting Standards Board (IASB), delivered a keynote address at the IFRS Foundation Conference which highlighting the growing complexity in financial reporting – and outlined the ways in which the IASB is navigating it.
In a recent speech, US Securities and Exchange Commission (SEC) Chair Gary Gensler addressed the importance of digital data to fair, efficient, financial markets. Speaking at the 11th Annual Conference on Financial Market Regulation, Gensler highlighted the evolution of the SEC’s disclosure requirements.
The European Banking Authority (EBA) recently unveiled the first part of its 2023 Annual Report, highlighting achievements from the past year amidst a backdrop of economic uncertainty. Published at the start of May, the report outlines EBA’s strides in implementing key regulatory frameworks and advancing data access.
The European Banking Authority (EBA) recently released its quarterly Risk Dashboard (RDB) for Q4 2023, offering insights into the financial health of the largest EU/EEA institutions. While the report highlights record-high levels of bank capitalisation and improved liquidity, it also signals early indications of credit quality deterioration.
Investors in Europe are facing significant hurdles in managing environmental, social, and governance (ESG) data, according to a recent survey from Bloomberg. The European ESG Data Trends Survey 2024, drawing responses from over 200 financial market participants across major European cities, underscores challenges surrounding ESG data coverage, quality and volume.
James Benford, Executive Director for Data and Analytics Transformation and Chief Data Officer at the Bank of England, recently outlined the Bank’s ongoing journey to refresh its data and analytics strategy.
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