Regulators are used to financial shocks unfolding over weeks or months. That timeline is gone.
As part of the Financial Reporting Council’s (FRC) ongoing work to strengthen oversight of audit, this week it published a high-level policy paper outlining a number of recommendations to increase competition in the UK audit market.
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.
Toppan Merrill’s Dimensions magazine recently spoke with Scott Bauguess, who drew on his 12 years in various roles at the US Securities and Exchange Commission (SEC) to provide insight into the SEC’s use of XBRL. Bauguess has spanned a number of roles at the SEC, most recently as the Deputy Director and Deputy Chief Economist in the […]
The 10th XBRL Asia Round Table was held within a joint program with the Asian Development Bank (ADB) in Tokyo this week. Amongst many other presentations, delegations from the Japanese FSA, the Central Bank of the Russian Federation, the Reserve Bank of India, and the U.S. Federal Deposit Insurance Corporation shared their strategies for regulatory modernisation and digitisation.
Not enough acronyms in your life? We didn’t think so. New identifier will help provide a new kind of financial transaction audit trail, reducing risk and enhancing transparency.
If you have been involved in almost anything to do with digital reporting or digitisation, you’ll have heard a lot about Fintech. A raft of new technologies and new approaches to finance have the potential to drive very significant change. One area that is deeply relevant to people that want to take advantage of these […]
It’s difficult to think of a period in the last 50 years in which it has been harder to predict the shape of international relations, policy and regulation, especially where those topics relate to the United States. This week, just to add confusion to a complex world, both EU and US officials indicated that there […]
In a substantial speech to the Northwestern University’s 44th Annual Securities Regulation Institute symposium, recently retired SEC Chair Mary Jo White provided an interesting summary of her perspective on the achievements of that regulator during her term. She also provided some comments on the work that lies ahead. Chair White’s retirement as the 31st SEC Chair […]
Understanding what goes into regulatory processes for enforcing securities law is of interest to regulators of all kinds as well as regulated firms. In a wide ranging “Conversation” between Howard Kaplan from the SEC’s Division of Enforcement and Chris Taylor, from P3 Systems, the data centric aspect of these issues were addressed in a webinar […]
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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.
