The Central Bank of Ireland (CBI) affirms that Bank and Investment Firm Resolution Fund (BIFR) reporting is switching to XBRL.
The Central Bank of Ireland has published its latest XBRL Taxonomy, version 2.1. It forms part of the Bank’s updated reporting requirements for Electronic Money Institutions (EMIs) and Payment Institutions (PIs).
While the financial services sector has transformed dramatically in the last few decades, taking advantage of the technological power of the fourth industrial revolution, tax and regulation has been slow to catch up.
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