XBRL International today announced that XBRL Turkey, a joint venture of key public and private organizations that will spearhead the implementation of XBRL for digital business reporting in the country, has been granted Jurisdiction status. The establishment of a Jurisdiction in Turkey represents the first step in an ambitious effort to utilize XBRL in Turkey […]
EU Member States have accepted the amendments to the Directive on the Harmonisation of Transparency for listed securities requiring “A harmonised electronic format for reporting” and the specification of an “electronic reporting format, with due reference to current and future technological options, such as eXtensible Business Reporting Language (XBRL).” Read the full text. http://www.istockphoto.com/photo/glass-sphere-euro-one-6345250?st=9c3cbc3
Financial services providers in France must also now become familiar with new players on the scene at a supervisory level, namely the pan-European supervisory authorities for banks, insurance and the securities markets. Although day-to-day supervision of financial services provider remains at a national level, these pan-European authorities, with a view to working towards a common […]
EU Parliment Press Release: From 1 January 2014, EU banks will be stronger. Changes voted by Parliament on Tuesday will cap banker’s bonuses to curb speculative risk-taking, step up capital provisions to help banks cope better with crises and stiffen supervision. This EU banking reform package, the most comprehensive so far, should also spur growth, […]
Global banking regulators will examine whether their new rules forcing lenders to hold more capital to absorb any future losses should be simplified after criticism that they are too complex to be effective. Read more. http://www.istockphoto.com/photo/euro-symbol-in-front-of-the-european-central-bank-39484324?st=5d1af99Â
The Council of the European Union “broadly endorsed the outcome of the most recent political trilogue with the European Parliament on the so-called CRD 4 package amending the EU’s rules on capital requirements for banks and investment firms” and put forth proposals to incorporate Basel III in to EU law.
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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.
