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 […]
On 6 June, the European Securities & Markets Authority will run a “Meet the Market” workshop in which its broad proposals for the rules that will govern Inline XBRL filing in Europe from 2020 will be discussed. In preparation for that event, ESMA released a range of unofficial, draft working papers for the consideration of relevant parties, including a set of proposals on Extensions.
Chaired by Michael Bloomberg, the FSB Task Force on Climate-related Financial Disclosures (TCFD) is due to publish its final report in July. The TCFD is developing voluntary, consistent, climate-related financial risk disclosures for use by companies in providing information to investors, lenders, insurers, and other stakeholders. One of TCFD’s main challenges is to create a […]
Following the recent announcement by ESMA to adopt iXBRL, XBRL Netherlands are hosting an iXBRL workshop on 28th March in Utrecht. For more information, please see the event page on the XBRL Netherlands website.
Hot on the heels of announcements from the European regulator, ESMA and the US regulator, the SEC, that IFRS disclosures will shortly need to be made digitally, the IASB announced yesterday that the 2017 IFRS Taxonomy is available, representing the IFRS accounting standards as they stand on 1 January 2017. The IFRS taxonomy has been […]
Also at the XBRL Europe Day, Hans Buysse, a member of the XBRL International and XBRL Europe Boards, and representing financial analysts on the Boards of EFFAS and EFRAG, described some of the challenges that companies across Europe face in raising capital at present, and the technologies that are impacting financial services. He describes the […]
The European Securities and Markets Authority has announced that starting in 2020, public companies that prepare consolidated IFRS financial statements will provide them in Inline XBRL.
The European Securities and Markets Authority (ESMA) has released a discussion paper examining the implications of Distributed Ledger Technology (DLT) when applied to securities markets, including the possible benefits, risks and challenges.