Japan is a country well known for its traditions. However, although tourists might love seeing locals sporting kimonos in Kobe, when your Covid-19 data is being recorded by hand and sent via fax, it might be time for an upgrade.
The Japanese Financial Services Agency (JFSA) has a bold plan to put Suptech (supervisory technology) to use in improving the sophistication and efficiency of its financial supervision.
Remember the Y2K problem? Now imagine Y2K but without being told what number comes after “19” until December 1st 1999. That’s the challenge currently facing IT systems in Japan.
It’s clear that XBRL makes a lot of sense for financial reporting, and the standard’s increased uptake around the world has done much to promote financial transparency – however, currently, XBRL’s potential capabilities are being underused for non-financial reporting. Sustainability reporting is moving into the mainstream, as boosting transparency on environmental, social, and governance (ESG) […]
The 9th XBRL Asia Roundtable will be held as part of a wider joint program with the Asian Development Bank’s Asian Bond Market Forum meeting from 18 to 21 June in Fukuoka, Japan. The theme for the meeting is to explore the opportunities that standardisation and technology afford in helping to better link and integrate the economies […]
The Financial Stability Board has launched an an initiative to create climate-related financial risk disclosures for use by companies in providing information to lenders, insurers, investors, regulators and other stakeholders.
The adoption of XBRL in over 60 countries has powered the evolution from human readable only filings in the form of paper or pdf (which is just paper on a screen) to machine readable structured data. But humans want to read the same information that computers have access to – in familiar, document form. Enter Inline XBRL (iXBRL). By allowing XBRL data […]