Last month France’s securities regulator, the Autorité des Marchés Financiers (AMF), introduced a new policy designed to help tackle greenwashing in asset management. In order to help ensure information communicated to investors is clear, accurate and not misleading, the policy consists of a set of minimum requirements for fund managers to meet in order to […]
The International Accounting Standards Board (IASB) recently published a discussion paper setting out their preliminary views on the goodwill impairment debate. The IASB (and FASB) have been looking at alternatives to the existing accounting rules that assess goodwill through annual evaluations, and are considering moving to an approach where a set amount of goodwill is written down […]
On Tuesday, European Commission Executive Vice-President Valdis Dombrovskis gave a speech at a key IFRS conference setting out a broad vision for the future of corporate reporting, incorporating a number of important strands for the XBRL community.
Last week an alliance of leading stakeholders launched the ‘Future of Sustainable Data Alliance’ at the World Economic Forum. Bringing together the World Economic Forum, United Nations, the Climate Bonds Initiative, Tsinghua University, the Bank of Africa, Refitniv, and many others. This global alliance aims to accelerate the allocation of capital into sustainable investments via better […]
Recent IFRS speeches indicate a new willingness to better integrate IFRS reporting with additional non-financial reporting metrics that have developed out of changing investor needs. Technology means we have seen a dramatic shift in the importance of intangible assets, reducing the relevance of the traditional balance sheet. Demand from investors for sustainability reporting is on […]
As we heard at Data Amplified 2019, the Sustainability Accounting Standards Board (SASB) believe that structured data and standards are crucial to effective sustainability disclosure. To make digital sustainability reporting as simple as possible for issuers, and to make data aggregation and analytics as convenient and effective as possible for investors, SASB are working to develop […]
Major central banks are set to switch their payments systems to ISO 20022 by 2025, bringing much-needed standardisation to the global payments infrastructure. Earlier this month The Banker sat down with Saqib Sheikh, SWIFT’s global head of ISO 20022 programme, to outline why the migration to ISO 20022 is so important for the banking industry. […]
After an accelerated response period, the IASB have finalised the proposed changes to the IFRS standards in advance of the move away from discredited interest rate benchmarks such as LIBOR. The changes amend some of the requirements for hedge accounting to ensure companies can still report useful information during the period of uncertainty caused by […]
At the World Standard-setters Conference in London last week Chair of the International Accounting Standards Board (IASB) Hans Hoogervorst gave some insights into the areas the IASB will be looking to make progress on in 2020. So what’s on the agenda? A recent focus for the IASB has been improving how effectively financial statements communicate. […]
Mark Carney, Governor of the Bank of England, recently gave a speech on sustainable finance at the United Nations Climate Action Summit highlighting the need for effective climate disclosure to build a sustainable financial system. Carney sees the initiatives and innovations of the private sector as key to underpinning the work of governmental climate policy, […]
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