EU | XBRL

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Pillar 3 Disclosures Need Further Improvement

In a recent report the European Banking Authority (EBA) has noted some improved consistency in Pillar 3 prudential disclosures, although further improvements are necessary. Pillar 3 disclosures are designed to foster increased transparency and market discipline by requiring regulated firms to make a range of prudential information about banks (and insurance companies) public. However, the […]

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CybersecurityEU

EU Cyber Information Sharing Initiative

By Editor

Co-operation between regulators on minimising cyber risk has ramped up recently as the EU’s Cyber Resilience Board has launched a pan-European initiative to share cyber information. Last week, at their fourth meeting, the Board launched the Cyber Information and Intelligence Sharing Initiative (CIISI-EU). This is the first time pan-European agencies have come together to co-operate […]

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AIBig DataDataEU

European Commission launches New Data Strategy

By Editor

This month the European Commission launched Europe’s ambitious new data strategy with a flurry of documents and two new consultations. Over the next five years the EU plans to create a single market for data that complements the common economic market ensuring that data should be able to flow across countries and sectors within the […]

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ESGEUStandardsSustainability

EU: Expand XBRL Reporting to Include Climate Change Disclosure

By Editor

On Tuesday, European Commission Executive Vice-President Valdis Dombrovskis gave a speech at a key IFRS conference setting out a broad vision for the future of corporate reporting, incorporating a number of important strands for the XBRL community.

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EUTaxonomy

EBA Adopt COREP and FINREP Reporting Amendments

By Editor

Following formal adoption by the European Commission, the European Banking Authority (EBA) amendments relating to COREP and FINREP based on the final draft of Implementing Technical Standards (ITS) submitted in July 2019 have been finalised. All related documents including taxonomy files and filing rules can be found here.

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DisclosureESGESMAEUSustainability

ESMA Commits to Stronger ESG Regulation

By Editor

Earlier this month the European Securities and Markets Authority (ESMA) published its Strategy on Sustainable Finance. The strategy sets out how ESMA will place sustainability at the core of its activities by embedding Environmental, Social, and Governance (ESG) considerations into its work.

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BankingEBAEUPayments

EU E-Payments Lack Clarity

By Editor

European banks are seeking clarification on the European Banking Authority’s (EBA’s) e-money transaction and reporting regulations. Following an EBA workshop, banks from nine European countries have endorsed a note requesting clarification on the definition of e-money transactions and the related reporting requirements. EBA’s guidelines on fraud reporting under PSD2 require banks to report fraudulent e-money […]

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APMDisclosureEU

Disclosure of Alternative Performance Measures found Lacking

By Editor

The European Securities and Markets Authority (ESMA) has called on issuers to improve their disclosure of Alternative Performance Measures (APMs) in a recent report. The report assessed to what extent issuers comply with the guidelines for reporting alternative performance measures, finding significant room for improvement. Commonly used APM’s include earnings before interest and tax (EBIT), […]

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Capital MarketsDataESMAEU

ESMA Review of MiFID II Recommends Establishing Consolidated Tape for Equity

By Editor

The European Securities and Markets Authority (ESMA) review of market data prices has found that the Markets in Financial Instruments Directive (MiFID II) has not delivered on its objective of reducing the cost of market data or of establishing a consolidated tape for equities. MiFID II requires venues and data providers to publish market data […]

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EUFinanceRegulation

EU Adopts Changes to Supervisory Framework

By Editor

As the year draws to a close the EU is going through the process of adopting the first review of the European system of financial supervision (ESFS) since it was established in 2011. The ESFS was established in 2011 in response to the 2008 financial crisis. It consists of the three European supervisory authorities (ESAs); […]

EU

Items tagged with "EU"

Pillar 3 Disclosures Need Further Improvement

EU Cyber Information Sharing Initiative

European Commission launches New Data Strategy

EU: Expand XBRL Reporting to Include Climate Change Disclosure

EBA Adopt COREP and FINREP Reporting Amendments

ESMA Commits to Stronger ESG Regulation

EU E-Payments Lack Clarity

Disclosure of Alternative Performance Measures found Lacking

ESMA Review of MiFID II Recommends Establishing Consolidated Tape for Equity

EU Adopts Changes to Supervisory Framework

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EU

Items tagged with "EU"

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