XBRL US has submitted a comment letter on the Financial Data Transparency Act (FDTA) rule proposal.
Building on the EDGAR Next update from earlier this month, the US Securities and Exchange Commission (SEC) has announced new improvements to its EDGAR system. As of 22 October 2024, the SEC has adopted amendments to the EDGAR Filer Manual, introducing the use of XBRL for reporting cybersecurity disclosures.
On 11 October 2024, the European Banking Authority (EBA) launched a consultation on draft technical standards to support its new Pillar 3 data hub. This centralised hub will gather and publish prudential disclosures from financial institutions across the EU, giving stakeholders a single access point to review standardised Pillar 3 information.
On 17 October 2024, the Financial Stability Board (FSB) launched a consultation on its new Format for Incident Reporting Exchange (FIRE).
The Financial Stability Board (FSB) has released an updated progress report on the implementation of the Legal Entity Identifier (LEI) which was introduced in 2012 to standardise identification of counterparties in financial transactions globally.
Contributed by Slawomir Skrzypek, Business Development Director – EMEA Center of Excellence for FUJITSU xBRL Solutions. On 9 October 2024, Fujitsu, a Direct Member and Sustaining Partner of XBRL International, gathered regulators, XBRL experts, and technical leaders from 22 countries at its 6th Annual European xBRL Workshop in Naples.
In a recent response to the proposed Financial Data Transparency Act (FDTA) rule, XBRL US has called for enhancements to improve standardisation and reduce regulatory costs.
Issuers in South Africa can now use the IFRS Sustainability Disclosure Taxonomy (also called the ISSB taxonomy) to report sustainability data digitally.
The Government of Canada has continued its multi-year push toward ESG reporting by announcing mandatory climate-related financial disclosures for large, federally incorporated private companies.
The US Financial Accounting Standards Board (FASB) has issued proposed technical improvements to the 2025 US GAAP Financial Reporting Taxonomy, inviting public feedback by 31 October 2024.
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