Items tagged with "UK"

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Tower Bridge ao por do sol.

UK Audit Review

Dramatic changes to the UK audit sector were proposed in a report this week setting out recommendations from an independent review of the Financial Reporting Council (FRC). The audit profession and its regulator have been under intense scrutiny following a number of high profile corporate failures. The recommendations address gaps in FRC powers, setting a course for […]

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FRC on Investor Needs from Performance Metrics

Investors have clear ideas about the way company metrics can help with asset allocation. Wouldn’t this work better if these disclosures were digital?

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Businessman and opened vault door with gold coins, VECTOR, EPS10

Tests Set the Stage for Open Banking in the UK

Do you use a bank website or app? Does it meet your needs and expectations? Is it easy to use? Does it combine data from multiple sources in order to provide you with valuable insights about your personal or business finances? Thought not. That’s the insight that has given rise to the Open Banking initiative […]

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Wired brain illustration - next step to artificial intelligence

Artificial Intelligence – FRC’s Call for Participation

The UK’s Financial Reporting Council Lab has sent out a call for those working on the potential uses of Artificial Intelligence for the production and consumption of corporate reporting to participate in the next phase of the Digital Future project. The Lab’s innovative Digital Future project is an initiative to investigate the impact of technology […]

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BoE Accelerates XBRL Data Analytics

Using a big data approach to drive analytics of large quantities of XBRL data, with necessary data structuring, aggregation, ordering and filtering controlled directly from the XBRL taxonomy (the business-led data definitions) has been something of a holy grail for regulators and other large scale users of the standard for many years.

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Trade Finance backed by XBRL Analytics?

UK Companies House XBRL Data is central to the business model of a new startup. Populous claims to be an invoice factoring and trade finance platform being built using the latest in blockchain technology. Using free financial statement data available in XBRL format for UK companies, the young team seeks to pool financing via an ether-based […]

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The Union Jack flag with a cup of tea served with a shortbread biscuit in a bone china cup and saucer

Banking Taxonomy for Review

The team at Threadneedle street are busy. Hot on the heels of the Capital+ taxonomy, arrives a new draft taxonomy for comment. This is a set of PRA requirements for bank Financial Statements. Once again, the Bank of England has chosen to align its reporting requirements – and taxonomy –  with the EBA framework, taking […]

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London, UK - September 15, 2015: Bank of England square view with tube entrance at the raining day. People walking pass the square

New Bank of England Rules Finalised

The Bank of England has finalised the Capital+ taxonomy that will govern capital forecasts for regulated deposit takers from 1 October.

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Bus passing the exterior of the Bank of England and the Royal Exchange in the City of London, UK, Europe

Bank of England Seeks Public Comment

The Bank of England has published a public working draft (PWD) of its Banking XBRL Taxonomy (v0.9.1). Comment deadline is 16 January.

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Ireland economy concept - Financial data on Ireland flag

Proposed 2017 Ireland Financial Reporting Taxonomy Released

Interested parties are invited to review modelling applied to the financial reporting requirements for the Republic of Ireland under FRS101, FSR102 and IFRS.

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