XBRL

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Municipal Reporting and more: They asked, XBRL US answered!

It’s been a busy week for our colleagues in the US. XBRL US has submitted a letter to the Municipal Securities Rulemaking Board (MSRB) planning exercise on Strategic Goals and Priorities, urging it to consider how data standards would enhance the current Electronic Data Municipal Markets Access (EMMA) data collection and dissemination process. XBRL US expressed […]

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Russia’s ready to rumble: IFRS Work Plan for 2021

By Editor

The Russian Ministry of Finance has released the ‘Interagency Working Group’s work plan for IFRS applications for 2021’, with a tantalising glimpse of XBRL unification. The working group will cover a wide range of issues relating to International Financial Reporting Standards (IFRS), which were endorsed for use in the Russian Federation in 2011 and have […]

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Improved oversight with new XBRL-based reporting requirement for Colombia

By Editor

In December, Colombia’s Superintendency of Residential Public Services (Superintendencia de Servicios Públicos Domiciliarios, or Superservicios) launched a new quarterly reporting requirement for Special Financial Information (Información Financiera Especial, IFE), based on a newly published XBRL taxonomy.

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Will new Resource Extraction Payment Disclosures be useful?

By Editor

In December 2020, the US Securities and Exchange Commission (SEC) adopted new rules on resource extraction payment disclosure, which require XBRL-based reporting for the first time. The rules require public companies involved in extractive industries to report annually on payments made both to the US Federal government and to foreign governments for the purpose of […]

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EBA updates Reporting Framework and Pillar 3 ITS

By Editor

The European Banking Authority (EBA) has updated its reporting framework v3.0, and its Implementing Technical Standards (ITS) on institutions’ Pillar 3 public disclosures. These changes are driven by the European Commission’s adoption of the ITS on supervisory reporting (v3.0), which includes changes introduced by the revised Capital Requirements Regulations (CRR2) and the Prudential Backstop Regulation.

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New XBRL Projects Appeared Worldwide

By Editor

It’s been twenty years since XBRL first went public. Proven benefits, an active software ecosystem, significant modernisation and a growing network effect ensures that XBRL projects and implementations continue to accelerate in all corners of the globe. This year there were a number of new XBRL disclosure mandates in the Middle East, specifically in Qatar, Oman, and Jordan.

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Special Delivery

By Editor

The XBRL Standards Board has approved an initial Public Working Draft of the Report Packages specification, along with an update to the requirements document.

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ING Bank Implements XBRL and Digital Signatures in new Real Estate Reporting

By Editor

ING Bank in the Netherlands recently launched a new XBRL-based project designed to increase efficiency, trust and transparency in real estate valuation. Following the introduction of XBRL for real estate valuation reports, this new initiative includes the final piece in the puzzle: qualified, digital signatures.

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