The landscape for Environmental, Social, and Governance (ESG) data is rapidly evolving, and understanding how it is currently used, and how that is likely to change in the near future, is crucial.
The accurate reporting of greenhouse gas emissions is essential for driving sustainability in both countries and corporations, argues Liv Watson (senior digitisation advisor for Capitals Coalition) and Marian Van Pelt (senior vice president of climate and clean energy at ICF International) in a recent article.
The European Securities and Markets Authority (ESMA) has unveiled its new Data Strategy for 2023-2028. This strategy aims to optimise data reporting processes, promote collaboration, and ensure the effective use of data in financial markets.
The Capital Market Authority of the Sultanate of Oman (CMA) has launched an analytical portal (Bayanat), an interactive platform for exchange of business information drawing on its XBRL data collections. The portal contains significant historical data on the financial results of most companies.
Rebecca Jackson, director of the UK’s Prudential Regulation Authority (PRA), recently delivered a speech at the Association Of Foreign Banks Mansion House Lunch, shedding light on the PRA’s approach to data regulation and supervision in the financial industry.
Regular readers of this newsletter will be familiar with our frequent call for more, better quality, comparable data – but sometimes it is worth taking a step back to consider why.
XBRL US CEO Campbell Pryde took a deep dive into bank regulation in the wake of the recent Silicon Valley Bank failure. He points out that XBRL data could have easily helped predict the crisis, as financial statements demonstrated the fragility of SVB’s finances.
The Bank of England (BoE) has recently published the latest updates for those following the initiative it is leading together with the Financial Conduct Authority (FCA) to transform data collection in the UK financial sector.
The past few weeks have been chaotic in global financial markets, including a run on Silicon Valley Bank, quickly followed up with a wave of panic uncertainty around Credit Suisse, with both deposit-taking institutions subject to rapid regulatory resolution over the past couple of weekends.
Financial regulation has been in the spotlight recently as uncertainty, driven by Silicon Valley Bank (SVB) in the US and Credit Suisse in the EU (see above), continues.
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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.
