For a quick refresh on the transformative power of XBRL and the need for open data, it’s worth taking a look at a recent video from Rachel Carpenter, CEO of Intrinio. Carpenter highlights the staggering potential cost savings of structured financial data with XBRL.
Regulators and many other readers interested in the role of open standards in the financial sphere might like to join an upcoming event being hosted in the Bloomberg offices in central London on the afternoon of 21 February.
This week Europe published agreed-upon regulation to establish the European Single Access Point (ESAP). Designed to provide centralised access to publicly relevant data from across EU member states, ESAP has the potential to be a game-changer for digital data in Europe.
In another step forward for sustainability reporting at COP27, the Climate Data Steering Committee (CDSC) announced their final recommendations for the Net-Zero Data Public Utility (NZDPU or Utility). The accompanying white paper lays out the key challenges ahead and highlights the foundational data that will be required for a successful launch.
The European Insurance and Occupational Pensions Authority (EIOPA) has published a feedback statement on open insurance following a discussion paper and a public consultation, summarising stakeholder responses and EIOPA’s reactions.
How does Turkey measure up in a machine-readable world? At a national level, Turkey doesn’t release collected data to the public to enable analysis – however, a public sector effort at a different level is trying to fill in the gaps.
The past few months have demonstrated just how important timely, accurate data is to making the right policy decisions – and how a lack of coherent data can even cause significant damage.
At a recent forum the Financial Services Commission (FSC) Vice Chairman Sohn Byung-doo called on industry players to ‘open up their data assets as much as possible’ to enable innovation in financial services.
What would a world where data was restricted by borders look like? This week the Bank of England’s blog, Bank Underground, explored the threat that fragmentation in the global data supply chain could pose to financial services.
Inspired by the early success of Open Banking, in a paper this week the Bank of England(BoE) explores a vision for open data across the whole economy. The Bank thinks it could help close a £22bn funding gap for Small and Medium Enterprises (SMEs) in that country. Data has unique properties that make it more beneficial to access […]
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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.
