Standards

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EBA streamlines resolution planning reporting

The European Banking Authority (EBA) has published updated final draft technical standards aimed at making resolution planning reporting simpler, clearer, and more consistent across the EU. Released last week, the revised Implementing Technical Standards (ITS) seek to harmonise existing arrangements, with the goal of cutting redundancy and easing the compliance burden on institutions.

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China’s climate standard takes a step forward

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Chinese authorities have released a draft climate disclosure standard and are calling for (fast!) public feedback. The new framework, open for comment until 31 May, is aimed at enhancing transparency around climate-related risks and opportunities.

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FAF report highlights strategic updates and renewed focus on stakeholder input

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The Financial Accounting Foundation (FAF) has released its 2024 Annual Report, spotlighting a year defined by stakeholder engagement, key standard-setting progress, and updates to its strategic direction.

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IFAC releases 2024 global adoption snapshot

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The International Federation of Accountants (IFAC) has published its 2024 Global Adoption Status Snapshot, highlighting progress in adopting international standards across member jurisdictions. Building on its 2019 debut, the report celebrates success stories, improvements in quality assurance and disciplinary systems, and explores what drives effective adoption and implementation.

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Global alignment with ISSB standards gathers pace

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The push for globally harmonised sustainability reporting has gained traction in the past month as regulators in Pakistan, Malaysia, Qatar, the UK, and Hong Kong announce or propose the adoption of ISSB or ISSB-aligned standards.

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Global standard setters collaborate on intangible assets reporting

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The International Forum of Accounting Standard Setters (IFASS) held a meeting in London, with a session dedicated to the International Accounting Standards Board’s (IASB) research project on intangible assets.

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IASB launches transformative IFRS 18 standard

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This week the International Accounting Standards Board (IASB) released its newest standard, IFRS 18 – Presentation and Disclosure in Financial Statements.

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IASB proposes revisions for clearer financial instrument reporting

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The International Accounting Standards Board (IASB) has proposed amendments to IAS 32, IFRS 7, and IAS 1 to enhance accounting requirements for financial instruments with both debt and equity features.

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European Commission adopts sustainability standards

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In another important milestone on the path to sustainability reporting in the EU, the European Commission has announced its adoption of the European Sustainability Reporting Standards (ESRS).

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