EU | XBRL

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ESAPESASEU

ESAs release final standards for ESAP, Europe’s central data hub

The European Supervisory Authorities (ESAs), comprising the European Banking Authority (EBA), the European Insurance and Occupational Pensions Authority (EIOPA), and the European Securities and Markets Authority (ESMA), have published their Final Report on new implementing technical standards (ITS) for the European Single Access Point (ESAP).

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DMP 2.0EBAEUReporting

EBA publishes draft package for the new 4.0 reporting framework

By Editor

The European Banking Authority (EBA) has rolled out a draft technical package for its upcoming 4.0 reporting framework, giving institutions an early preview of the changes set to apply in 2025.

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CSRDEnforcementEU

EU commission takes action against 17 member states over CSRD delays

By Editor

The European Commission has taken formal action against 17 EU member states for failing to fully implement the Corporate Sustainability Reporting Directive (CSRD) by the July 2024 deadline. In letters sent to countries including Germany, Spain, and Poland, the Commission opened infringement procedures, signalling its desire to get this initiative implemented.

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bankEBAEUTransparency

EBA launches 2024 EU-wide transparency exercise

By Editor

The European Banking Authority (EBA) has launched its 2024 EU-wide transparency exercise, offering a detailed look into the financial health of Europe’s banking sector. This data-driven initiative is part of the EBA’s preparations for the 2025 stress tests, aimed at ensuring a stable and resilient banking environment.

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CBCREURegulation

Accountancy firms request clarity on EU CbCR regulation

By Editor

KPMG and PwC have raised concerns over the draft EU regulations on country-by-country reporting (CbCR), seeking clearer guidance on the use of XBRL for tax reporting. The new rules mandate XBRL for reporting financial data, but specifics on its implementation are lacking, prompting calls for further clarification.

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EFRAGESRSEUTaxonomy

EFRAG Taxonomy takes the ESRS digital

By Editor

Last week the European Financial Reporting Advisory Group (EFRAG) published the XBRL taxonomy to accompany the first set of European Sustainability Reporting Standards (ESRS Set 1), supporting the digital tagging of sustainability statements.

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CryptoEUiXBRL

EU to mandate iXBRL for crypto

By Editor

Europe will be the first jurisdiction in the world to require that crypto “white papers” – the specialised prospectus documents used by crypto asset issuers – must be prepared in Inline XBRL, ensuring that these pitch documents can be rapidly and effectively assessed.

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ESASEUSFDRSustainability

ESAs propose enhancements to sustainable finance disclosure regulation

By Editor

Earlier this month the European Supervisory Authorities (EBA, EIOPA, and ESMA – collectively ESAs) published a joint Opinion on improving the Sustainable Finance Disclosure Regulation (SFDR).

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EBAEUITS

EBA updates validation rules

By Editor

Earlier this month the European Banking Authority (EBA) issued a revised list of validation rules in its Implementing Technical Standards (ITS) on supervisory reporting.

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EUIASBIFRS 19

EFRAG briefs on IFRS 19 in the EU

By Editor

In May this year the International Accounting Standards Board (IASB) issued IFRS 19 Subsidiaries without Public Accountability: Disclosures. The European Financial Reporting Advisory Group (EFRAG) Secretariat has now followed in the footsteps of the SEC and released two updated briefings to provide clarity on the application of IFRS 19 within the EU.

EU

Items tagged with "EU"

ESAs release final standards for ESAP, Europe’s central data hub

EBA publishes draft package for the new 4.0 reporting framework

EU commission takes action against 17 member states over CSRD delays

EBA launches 2024 EU-wide transparency exercise

Accountancy firms request clarity on EU CbCR regulation

EFRAG Taxonomy takes the ESRS digital

EU to mandate iXBRL for crypto

ESAs propose enhancements to sustainable finance disclosure regulation

EBA updates validation rules

EFRAG briefs on IFRS 19 in the EU

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EU

Items tagged with "EU"

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