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.
Writers from Delhi’s Centre for Budget and Governance Accountability have emphasised the importance of machine-readable data in getting government budget information out to the general public.
The UK government recently published a policy paper thinking through its digitalisation and data strategy and outlining its next steps to improve in this area.
The Project on Government Oversight (POGO) has addressed the importance of machine-readable disclosures as part of its series of 13 recommendations to increase US government accountability.
The Canadian Federation of Independent Business (CFIB) has recommended that the Ontario government improve accessibility of regulatory documents by publishing them in a machine-readable format.
The US Securities and Exchange Commission (SEC) is looking for feedback on the time required for interactive data requirements.
Should political finance data be digital? A new report from the International Institute for Democracy and Electoral Assistance (International IDEA) advocates for machine-readable disclosure of political party campaign expenditure in Albania, arguing that strengthening digital disclosure of political party finances would underpin essential democratic transparency.
In a talk at last week’s XBRL Asia Round Table in Mumbai, Srikanth Viswanathan, the CEO of the Janaagraha Centre for Citizenship and Democracy, outlined the vital role that data about municipalities plays in the next steps for key infrastructure development in India.
At the XBRL Asia Round Table yesterday in Mumbai we were able to share some initial work on the new Business Responsibility and Sustainability Reporting mandate that SEBI (the Securities and Exchange Board of India) is introducing next year.
Join our Newsletter mailing list to
stay plugged in to the latest
information about XBRL around the world.
By clicking submit you agree to the XBRL International privacy policy which can be found at xbrl.org/privacy
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.
