The Bank of England has unveiled its plans for renewing the way that it collects data. In ‘Transforming Data Collection from the UK Financial Sector: A Plan for 2021 and beyond,’ it sets out a decade-long effort to transform its ability to gather and make available high-quality, timely data, while alleviating strains on data reporters […]
We’ve been talking about the Open Information Model (OIM) in recent issues, with the release of a Candidate Recommendation set of specifications, moving inexorably towards final Recommendation status – and it will definitely be a big topic of conversation at our Data Amplified Virtual event.
Will the US be part of emerging consistent global sustainability standards? Remarks by John Coates, recently named acting director of the Division of Corporation Finance at the Securities and Exchange Commission (SEC), suggests that the answer might be yes, with the agency ready to play a leading role in the development of the new Sustainability Standards Board […]
XBRL US has written to the US Office of Management and Budget (OMB) on its proposal to add a further 12 databases to the Treasury’s Do Not Pay (DNP) web portal.
XBRL International has published an update to the Unit Type Registry, adding additional unit definitions to support the wide variety of disclosures required for sustainability reporting. In particular, the new units will enable reporting of energy usage and efficiency.
The International Accounting Standards Board (IASB) has published proposals for a new International Financial Reporting Standards (IFRS) standard that would give investors better information about financial performance of rate-regulated companies.
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 […]
The XBRL Standards Board has approved a further Candidate Recommendation of the Open Information Model (OIM) suite of specifications. This latest release is expected to be the last prior to progressing to Proposed Recommendation status.
The International Financial Reporting Standards (IFRS) Foundation Trustees have announced their intention to produce a definitive proposal for global sustainability standards, including a roadmap with timeline, by the end of September 2021 – and the compass may point straight to the establishment of an international Sustainability Standards Board (SSB) along similar lines to the International […]
Five global organisations in sustainability and integrated reporting have together published a paper addressing standards for reporting on enterprise value, illustrated with a prototype climate-related financial disclosure.