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Items tagged with "Standardization"

Standardisation or innovation – can’t we have both?

“Why is there such hesitation regarding standardisation, and why are people afraid that it will put a dampener on innovation?” asks Björn Fastabend. He argues that standardisation, such as in the introduction of XBRL for digital reporting, can in fact nurture and facilitate innovation.

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Standardisation or innovation – can’t we have both?

This is a guest opinion piece from Björn Fastabend. Björn is head of the XBRL collection and processing unit at BaFin, Germany’s Federal Financial Supervisory Authority, where he supervises all related activities and propagates international relations and initiatives. He also brings us his wealth of experience in implementing digital reporting as Chair of XBRL International’s […]

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Standardisation as the key to effective ESG reporting

Businesses need to step up on climate-change reporting, argues Workiva CEO Marty Vanderploeg in a recent LinkedIn post on ‘Avoiding a Climate-Related Financial Crisis.’

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JP Morgan Chase: More Standardisation Please 

At XBRL International we believe that there is an extraordinary opportunity for collaboration both between regulators and amongst the regulated to improve clarity, improve outcomes and to bring about significant simplification. It’s also a chance to lower the costs associated with inconsistent regulations imposed on business. JP Morgan Chase seems to agree.

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