This week the European Parliament and Council negotiators agreed on the timeline and processes for establishing the European single access point (ESAP), a common data platform that will merge digital data crucial for capital markets, financial services, and sustainable finance from across Europe.
Last week we covered the news that the European Supervisory Authorities (ESAs) – the European Banking Authority (EBA), the European Insurance and Occupational Pensions Authority (EIOPA), and the European Securities and Markets Authority (ESMA) – are consulting on amendments to the Delegated Regulation of the Sustainable Finance Disclosure Regulation (SFDR).
The Danish Institute for Human Rights has published a notable discussion paper on sustainability reporting and human rights.
The European Securities and Markets Authority (ESMA) has announced its strategy for 2023-2028.
Among other great speakers at the recent XBRL Europe conference, Jean-Phillippe Rabine of the European Commission provided an update on the planned European Single Access Point, or ESAP, the EU’s far-reaching and ambitious plan to provide huge amounts of reported digital information all in one place.
The European Central Bank (ECB) has issued an Opinion on the establishment and functioning of the European Single Access Point (ESAP), as proposed by the European Commission in November 2021.
In case you missed it, Accountancy Europe’s third ‘ESEF in Practice’ webinar, held with event partners Toppan Merrill and Workiva, is now available to view in full online, along with a brief event recap.
“The objective of the new ESAP legislative project is to create a common source of public and freely available financial and sustainability-related information of EU companies and investment products, regardless of where in the EU they are located or originated while enabling a better use and reuse of this information,” says European Securities and Markets Authority […]
We see the ongoing development of the European Single Access Point (ESAP) as excellent news. It will make it easy to access digital financial and sustainability data disclosures – and potentially other kinds of data too – from across the EU, via a single portal.
2021 has seen the initial implementation of the Inline XBRL-based European Single Electronic Format (ESEF) for financial reporting across Europe. This shared, machine-readable format aims to make European data consistent and comparable and offers potentially important insights.
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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.
