The massive EDGAR database serves up 1.5 billion copies of documents filed by public companies with the SEC each year, and these days 85% of those downloads are by ‘bots, not humans. That’s an important signal: regulatory data needs to be human and machine readable. Read more…
The Central Bank of Russia continues to move forward with the rapid digitisation of its financial sector, not least with XBRL based reporting. Beginning in June, investment funds and non-state pension funds will now be required to start submitting their financial statements in XBRL. Earlier this year insurance companies and broker/dealers moved over to XBRL […]
A terrifying study out this week from IFAC says that the burden on internationally operating businesses caused by different regulatory arrangements is in excess of $780 billion USD. That’s more than the GDP of Switzerland. Or Malaysia and Singapore combined. It’s half the GDP of Brazil, population 200M+!
The EBA has conducted a peer review of bank supervision data collection across Europe. The report contains a range of useful best practices for regulators of all kinds.
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