While FinTech is more frequently in the news, regulatory technology, or RegTech, shouldn’t be overlooked. RegTech has the potential to transform regulation and supervision, making supervisory reporting more efficient, useful and cost-effective.
An article by Tajinder Singh, Deputy Secretary General, at the International Organisation of Securities Commissions (IOSCO), this week highlighted the work that IOSCO has done to help keep capital markets open and functioning during the pandemic.
Following fifteen months of preparation, the European Securities and Markets Authority (ESMA) oversaw a successful first day of reporting by financial market participants of securitised financing transaction (SFT) data to EU trade repositories (TRs) this week.
This week the UK’s Financial Reporting Council (FRC) announced their plan for the first structural overhaul of the big four accounting firms since the failure of Carillion in 2018 prompted calls for audit regulation reform.
AI and machine learning (ML) are playing an ever-growing role in financial markets around the world – and while these new technologies can reduce costs and increase speed for firms and investors, they also come with an element of risk.
The European Banking Authority recently published its final draft Implementing Technical Standards (ITS) on Pillar 3 disclosures and supervisory reporting.
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.
The UK’s Financial Conduct Authority (FCA) recently announced the launch of their new user-friendly data collection platform, RegData.
Regulators the world over are concerned that public companies provide as much transparency as possible about the impact of the pandemic on their operations. For example ESMA, the SEC, Japan’s JFSA, Brazil’s CVM, and IOSCO itself have recently provided advisories in this area.
Francois Denimal, Managing Director at FIS, an international provider of financial services technology, has emphasised that Vietnam’s banking sector must adopt international reporting standards and financial regulations to compete on the world stage. Vietnam’s economy has been growing at pace, and after demonstrating a world-leading response to Covid-19, should continue to grow in 2020, even […]
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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.
