The Bank of England’s FinTech Accelerator program engages with FinTech firms to develop new solutions, based on blockchain and other innovative technologies, for the BoE to use in its role as the UK’s central bank.
UK based XII staff, like the rest of the world, woke up to a shock last Friday. The ongoing market and currency turmoil, as well as the sheer complexity of the upcoming negotiations and political, legal and economic changes will have an ongoing impact on Europe and, umm, the formerly “United” Kingdom for some time. […]
Fintech is creating new opportunities for collaboration between firms offering new financial services while causing headaches for institutions wed to the old ways of doing business.
Read about an update on how the IFRS Taxonomy is being used for securities regulation and where digital reporting the UK might be headed.
The UK’s Financial Reporting Council, in conjunction with the Charities Commission, has released an XBRL taxonomy to tag charity accounts for electronic filing and for other analytical purposes. Both the business registrar, Companies House, and HM Revenue and Customs (HMRC) are updating their systems this month to accept company filings from registered charities that have been […]
XBRL Canada shared an update on their recent seminar held in conjunction with The Chartered Professional Accountants of Canada (CPA Canada). The day-long event in Ottawa educated stakeholders in that country on the benefits of Standard Business Reporting, with presentations from local and international speakers. The seminar was attended by some 50 people, mostly from the […]
The adoption of XBRL in over 60 countries has powered the evolution from human readable only filings in the form of paper or pdf (which is just paper on a screen) to machine readable structured data. But humans want to read the same information that computers have access to – in familiar, document form. Enter Inline XBRL (iXBRL). By allowing XBRL data […]
Of the top ten countries rated by the World Bank as the most friendly to business, all leverage XBRL to some extent in their regulatory reporting.