What would a world where data was restricted by borders look like? This week the Bank of England’s blog, Bank Underground, explored the threat that fragmentation in the global data supply chain could pose to financial services.
Amongst several fascinating presentations at the Eurofiling Innovation Day this week was an interesting demonstration on how XBRL reports can be used as the basis of explainable AI for bankruptcy prediction.
The UK’s Financial Conduct Authority (FCA) recently announced the launch of their new user-friendly data collection platform, RegData.
A collection of European financial associations have called on the European commission to establish a common Environmental Social and Governance (ESG) data register and facilitate disclosure to enhance the quality and usability of ESG data.
Why should more US (and, indeed, worldwide) government data agencies switch to standards? In a recently published video XBRL US lays out the clear case for requiring businesses, grantees, and state or local governments to report information in standardised, machine-readable format. Fundamentally, data standards are the best way to simplify, speed up and reduce the […]
The recently released New Vision for Europe’s Capital Markets Report sets out an in-depth and granular plan of action to tackle the obstacles that have discouraged cross-border and foreign investment in the EU – including a single access portal for freely accessing all financial and non-financial data on eligible EU entities.
This week a World Bank Group cautions against making Covid-19 related regulatory allowances that reduce the utility of essential credit-related data. Disruptions in supply chains and reductions in demand have had a huge impact on profitability during the pandemic. In order to avert a credit freeze, regulators worldwide have introduced unprecedented financial measures – from […]
Calcbench recently published a three-part blog scouring restaurant sector disclosures to discover the data-based story of how much harm the pandemic has caused. Of course, we don’t necessarily need to dig into disclosures to ascertain that restaurant sales went off a cliff in March as lockdowns started to come into force across the US and […]
In a speech at the opening of Online Korea Fintech Week Korea’s Financial Services Commission (FSC) chairman Eun Sung-soo outlined the regulator’s plans to peruse digital and big-data based innovation. The plan is designed to support the government’s “New Deal” project to accelerate the adoption of digital technologies across the economy. The regulator plans to […]
Should the US Securities and Exchange Commission (SEC) do away with tables consisting of information that can be compiled elsewhere? This week CFA Institute’s Mohini Singh, ACA, outlines the CFA and Council of Institutional Investor’s arguments against some of the SEC’s proposed updates to Management Discussion and Analysis (MD&A). Their response highlights that although many of […]
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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.
