PwC Japan has recently published an analysis of this year’s trends in corporate governance, risk management and other hot topics, based on text mining of XBRL-based annual reports by Japanese public companies listed on the Tokyo Stock Exchange.
It seems increasingly likely that the US Securities and Exchange Commission (SEC) may seek to develop disclosure requirements around economic risks, as recently signposted in remarks by senior associate chief accountant Kevin Vaughn.
“In a world that runs on data, good quality data is also the essential ingredient to effective risk analysis,” says Verena Ross, Chair of the European Securities and Markets Authority (ESMA) – and we would certainly agree.
We were interested to note an addition to the latest semi-annual Trends, Risks and Vulnerabilities Report from the European Securities and Markets Authority (ESMA), which finds a continuing high risk of market corrections.
Supply chains are on the mind of the public more than ever before, thanks to pandemic-related disruptions. The growing demand for better intelligence on supply chains also means that they look set to be a hot topic in corporate reporting in coming years.
The European Financial Reporting Advisory Group (EFRAG) Project Task Force on the reporting of non-financial risks and opportunities and linkage to the business model (PTF RNFRO) has published a new report, connecting sustainability concerns with financial performance.
What do investors want to understand about risks, uncertainties, opportunities and scenarios? That’s a big – and fascinating – question, and one which the UK Financial Reporting Council’s Financial Reporting Lab has tackled in its latest report, seeking to bridge the gap between the information that users want and that companies provide.
On 20 May 2021 US President Joe Biden signed a sweeping Executive Order on Climate-Related Financial Risk. It mandates greater disclosures to provide the information needed to understand climate risks and enable action to mitigate them.
The European Banking Authority (EBA) has affirmed that its EU-wide 2021 transparency exercise will be carried out in autumn, with the launch planned for September. This annual exercise is part of the EBA’s endeavours to foster transparency and market discipline.
This is a guest post by Mohini Singh, ACA, Director of Financial Reporting Policy at CFA Institute. At a recent XBRL US Investor Forum I spoke on a panel on ‘Standards to Manage Investment Risk’ with Mike Willis of the Securities and Exchange Commission (SEC) and the Council of Institutional Investors’ Jeff Mahoney, moderated by […]