Earlier this month the European Banking Authority (EBA) launched its annual EU-wide transparency exercise, with the aim of enhancing risk monitoring, vulnerability assessment, and the promotion of market discipline.
Regular readers of this newsletter will be familiar with our frequent call for more, better quality, comparable data – but sometimes it is worth taking a step back to consider why.
Should political finance data be digital? A new report from the International Institute for Democracy and Electoral Assistance (International IDEA) advocates for machine-readable disclosure of political party campaign expenditure in Albania, arguing that strengthening digital disclosure of political party finances would underpin essential democratic transparency.
Madhabi Puri Buch, Chairperson of the Securities and Exchange Board of India, offers engaging insights on ‘data and technology in the capital markets’ in a Foundation Day lecture at the Indian Institute of Management Bangalore.
Measures to reform the UK business registrar Companies House have been introduced to Parliament in part two of the Economic Crime Bill. They are intended to improve the company information available and help prevent economic crime.
The European Banking Authority (EBA) has launched its 2022 EU-wide transparency exercise.
Our readers will be aware of the innovative project between the University of Michigan Center for Local, State, and Urban Policy (CLOSUP) and XBRL US exploring how digital data standards can improve transparency in local government reporting and ultimately lead to better governance.
The US Securities and Exchange Commission (SEC) continues in its change of approach on stewardship. It has voted to adopt amendments to its rules governing proxy voting advice, following proposals in November 2021.
Speaking at the International Conference of the Korean Accounting Association, Professor Yoon Jae-won of Hongik University’s Business School offered insights on the need for accounting reform and investment in digital reporting.
On 24 May 2022, the Financial Data Transparency Act (FDTA) was introduced in the US Senate. It has undergone a slight name change, having been previously known as the Financial Transparency Act, since passing the House of Representatives in November last year.
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XBRL International is a global not for profit operating in the public interest. Our purpose is to improve the accountability and transparency of business performance globally, by providing the open data exchange standard for business reporting.
