Why do we talk about blockchain so much? Because in this new paradigm, a standard that is powerful in its flexibility, increases efficiency and facilitates the collection and sharing of data that is higher in quality and easier is necessary.
Data Amplified is your opportunity to get an inside look at how XBRL is being used around the world to meet goals both tactical and strategic – illustrated with case studies presented by both solution providers and regulators.
At Data Amplified, we’ll be examining a case study of the efforts made by Deloitte and an Irish bank to record and report on product offerings and customer interactions and trades for MiFID II reporting.
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.
The European Banking Authority has released corrective updates to two versions of its XBRL taxonomies for supervisory reporting (versions 2.4 and 2.5) to fix technical errors in the implementation of some validation rules.
A partnership of three major commercial banks in the Netherlands announced this week that they will mandate the use of the Standard Business Reporting (SBR) program for all credit reporting as of 1 January 2017.
At a short ceremony at the Reserve Bank of India on 22 January 2016, XBRL International presented India’s central bank with an award recognising the regulator’s ongoing innovation in leveraging the standard in pursuit of improved transparency and accountability. RBI has been using XBRL for several years for prudential data collections, covering some 97 risk […]
Maite Sainz from Banco de España recently provided an update on the XBRL implementation at that regulator. The Bank of Spain is that country’s central bank and bank regulator (national-level regulators are known as NCAs or National Competent Authorities in Europe), and has been using XBRL for data collection since 2005. The Bank has been […]
The level of co-ordinated focus, at a national as well as at a pan-European basis, on improving data quality is very impressive, although clearly it is still early days.
The EBA website has published a wealth of information about options and national discretions applied by EU National Competent Authorities as part of the Capital Requirements Directive (CRDIV) for bank supervision. The national variability displayed is a good example of the challenges faced both by internationally operating banks and the regulators themselves. The summary table is probably a good […]
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XBRL International is a global not for profit operating in the public interest. Our purpose is to improve the accountability and transparency of business performance globally, by providing the open data exchange standard for business reporting.
