Germany’s Federal Financial Supervisory Authority (BaFin) has expanded its use of XBRL, with new digital reporting requirements now in force for insurers and occupational pension funds. As of 1 January 2025, affected entities must submit their reports in XBRL format, aligning with BaFin’s push to standardise and streamline quantitative reporting.
Germany’s Federal Financial Supervisory Authority (BaFin) is expanding the use of XBRL as the standard for financial reporting by insurance companies and pension funds.
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