Our colleagues at XBRL Sweden held their annual conference on October 4 – congratulations on a successful and enlightening day! If you couldn’t make it, the presentations from the conference are now available to download on their website.
On Thursday 4 October XBRL Sweden will hold its annual conference, this year focusing on the electronic submission of financial reports to ESMA, which will become mandatory for listed companies in the EU from the end of 2020.
In a speech this week, Steven Maijoor, the ESMA chair, reiterated how the democratisation of information and increased scope for AI applications presents a novel chance to build a better, more trusting future. The notion that information can, in the most profound of ways, radically transform markets is clear. Combined with the fact that many […]
“XBRL should be on everyone’s radar.” So says Ken Krupa, CTO of MarkLogic, a privately held “unicorn” big data analytics firm in a blog post this week. “Corporate reporting cannot remain primarily a paper-based* exercise in a digital age. As annual reports are a key part of any company’s understanding of its financial situation, moving […]
The Eurofiling/XBRL Europe meeting in Warsaw last week provided updates from ESMA, the European Securities Markets Authority about ESEF. What is ESEF? The European Single Electronic Format – aka – Inline XBRL. The shift towards digital reporting for public companies across Europe is underway. ESEF kicks in for Annual Financial Reports prepared under IFRS for […]
Next week the European XBRL community will converge on Warsaw to meet at the XBRL Europe/Eurofiling conference. Prior to the conference getting underway ESMA will host a “Meet the Market” discussion about the ESEF mandate. At the conference there will be an update from the European Commission’s EFTG project – a distributed index of corporate […]
Nice write up this week from the FRC’s Thomas Toomse-Smith, in the Governance Institute’s online magazine, with a set of prescriptions for all those starting to get ready for the ESMA mandate for Inline XBRL filing. The FRC prescribes a strict regime of public-private collaboration. In short: regulators and standards setters need to work together […]
Contributed by David North, Head of Software Engineering – CoreFiling ESMA’s ESEF mandate is coming, and companies affected will need a compliance solution in place by 2021. At CoreFiling, we’ve already demonstrated that two of the major apps on our XBRL Certified™ True North® data platform can be used for search (Full Beam) and review (Beacon) […]
The Global Legal Entity Identifier Foundation (GLEIF) hosted a webinar last Thursday (16 November) to highlight and discuss progress in LEI reporting and supervision. This provided another opportunity to remind market participants to obtain an LEI in readiness for the European Union revised MiFID II mandate. With less than two months before the MiFID II regime […]
Preparations for 2020 have already started at the European Securities and Markets Authority, which announced this week that it is seeking volunteers for Inline XBRL field tests. These will consist of transforming annual financial reports from issuers into Inline XBRL documents, in accordance with ESMA’s draft of the European Single Electronic Format (ESEF) specification. Annual […]