The Colombo Stock Exchange (CSE) has announced plans to implement XBRL for the digital reporting of financial statements by listed companies.
The European Parliament is scheduled to vote in their 1 April plenary session on whether to fast-track the ‘stop the clock’ proposal, which would delay Corporate Sustainability Reporting Directive (CSRD) requirements for Wave 2 and 3 companies by two years.
Regulators are used to financial shocks unfolding over weeks or months. That timeline is gone.
Four years ago, AI in capital markets was a promising experiment. Now, it’s fundamental. From robo-advising and algorithmic trading to fraud detection and regulatory compliance, AI is becoming embedded in financial markets.
The European Banking Authority (EBA) has issued a revised list of validation rules for its Implementing Technical Standards (ITS) on supervisory reporting. Some rules have been deactivated due to inaccuracies or IT issues, and regulators across the EU have been advised not to validate submissions against these rules.
The UK Financial Reporting Council (FRC) has introduced Provision 29 in its revised UK Corporate Governance Code, requiring listed companies to make an explicit declaration on the effectiveness of their risk management and internal control frameworks in their 2026 annual reports.
The International Federation of Accountants (IFAC) has revised the International Education Standards (IES) to incorporate sustainability-related competencies into professional accountancy training.
The US Securities and Exchange Commission (SEC) has updated the EDGAR system to support the 2025 XBRL taxonomies, effective since 17 March 2025.
The UK’s Financial Reporting Council (FRC) just launched the public beta of its digital reporting Viewer—great news for anyone who wants easier access to structured company data. This tool lets users view and analyse Inline XBRL reports without specialist software.
Filings to the US Securities and Exchange Commission (SEC) are packed with valuable data, but making meaningful comparisons isn’t always straightforward. With thousands of company-specific extensions in play, even similar disclosures can be tagged differently, creating inconsistencies that make analysis harder.
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