It is often commented that the ‘S’ and ‘G’ of ESG – environment, social and governance – lag behind the ‘E’ in the priorities of regulators and standards setters, but that seems to be beginning to change.
Are you following the long-term initiative to transform data collection from the UK financial sector being led by the Bank of England and the Financial Conduct Authority (FCA)?
The Financial Conduct Authority (FCA) has recently released two key pieces of updated guidance on structured reporting for issuers in the UK using the Inline XBRL-based European Single Electronic Format (ESEF).
“Digital data is a key component of a well-functioning capital market,” say the UK’s Financial Reporting Council (FRC) and Financial Conduct Authority (FCA).
We were interested to note a strong emphasis on data in a recent speech by Nikhil Rathi, CEO of the UK’s Financial Conduct Authority (FCA), on challenges and priorities for the organisation.
Tucked into Chapter 8 of the Financial Conduct Authority (FCA) Quarterly Consultation are proposals to allow UK issuers to use a wider range of XBRL taxonomies.
The UK’s Financial Conduct Authority (FCA) is consulting on expanded climate-related disclosures, with comments due by 10 September.
The UK’s Financial Conduct Authority (FCA) has unveiled plans to establish a ‘regulatory nursery’ for newly-authorised financial services companies, creating a period of greater oversight and guidance as they develop.
The UK’s Financial Conduct Authority (FCA) has announced the dates when panel bank submissions for all LIBOR settings will cease, after which representative LIBOR rates will no longer be available. This is an important step towards the end of LIBOR and the transition away from discredited interest rate benchmarks of this type, and provides valuable certainty.