The Financial Stability Board recommends greater convergence in cyber incident reporting, including a common format for incident reporting exchange, or FIRE. We urge a digital-first approach using XBRL to ensure comparability and effective analysis.
“The target for many of you is to achieve superior risk adjusted returns. For this you need reliable data and decision-making tools that allow you to incorporate emerging risks and opportunities into your portfolio allocation and risk management early on,” says Klaas Knot, Chair of the Financial Stability Board (FSB), in recent remarks to institutional investors.
Against the backdrop of the recent market turmoil, the Financial Stability Board (FSB) has published a statement on the international regulation and supervision of crypto-asset activities.
Klaas Knot, Chair of the Financial Stability Board (FSB) and President of De Nederlandsche Bank, recently spoke on the role of the financial system in “a smooth and graceful transition” to net zero.
The Financial Stability Board (FSB) and International Monetary Fund (IMF) have issued a report marking the close of the second phase of the G20 Data Gaps Initiative (DGI-2), and setting out a workplan for the proposed new initiative.
In addition to their expression of support for the work of the International Sustainability Standards Board – discussed here – the G7 Finance Ministers and Central Bank Governors have also strongly urged greater regulation of crypto assets, including enhanced disclosures.
In an interim report just issued for consultation, the Financial Stability Board (FSB) aims to assist supervisory and regulatory authorities in developing their approaches to monitoring, managing and mitigating stability risks arising from climate change, and to promote consistency across sectors and jurisdictions.
The Financial Stability Board (FSB) recently published a report on fintech and market structure in the Covid-19 pandemic.
Last year, the International Monetary Fund (IMF) and the Financial Stability Board (FSB) outlined the need for a new initiative to continue the work of addressing data gaps, following the end of the G20 Data Gaps Initiative (DGI).
“Sustainable finance is crucial for promoting orderly and just transitions towards green and more sustainable economies and inclusive societies,” say the G20 leaders.
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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.
