UK | XBRL

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AuditReportingUK

ICAEW explores future of UK Audit in internal controls paper

In December 2019, Sir Donald Brydon recommended improvements to the Internal Controls over Financial Reporting (ICFR) as part of a reform agenda in UK audit. More effective ICFR could provide management and users of financial statements with better quality information and facilitate better decision-making. A new ICAEW report explores the scope of a future UK […]

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RegulationUK

UK launches Regulatory Roadmap

By Editor

In difficult times like these it is especially useful for firms to have a clear picture of any upcoming regulatory changes that they need to prepare for. That’s why several of the UK’s regulatory authorities have launched the Regulatory Initiatives Grid initiative, designed to act as a roadmap which will help financial firms prepare for […]

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SustainabilityTaxonomyUK

UK’s new XBRL Taxonomy enables easier Energy and Carbon Reporting.

By Editor

As the UK continues to increase mandatory environmental disclosure requirements, Companies House and the Financial Reporting Council (FRC) have released a new XBRL taxonomy making it easier for firms to comply.

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AuditESGSustainabilityUK

FRC to Assess Climate Reporting

By Editor

Climate issues seem to be… well… hot. This week the UK’s Financial Reporting Council (FRC) announced a major review of how companies and auditors assess and report on the impact of climate change. The review will assess to what extent existing reporting requirements, including recommendations for companies to report in line with the TCFD framework, are […]

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Bank of EnglandTaxonomyUK

Bank of England Update ASFV Taxonomy

By Editor

The Bank of England has now published an updated taxonomy (v1.1.0) and associated validation rules for forms AS and FV, which represent key aspects of the bank’s statistical data collection in XBRL. Read more here.

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BankingMachine LearningUK

One-Third of UK Financial Firms using ML

By Editor

Machine learning (ML) has been touted as set to transform the financial landscape – but is this hype or reality? A recent Bank of England survey indicated that machine learning – including live projects using complex methods such as natural language processing – are increasingly common in the UK. The data shows that a third […]

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DataInsurancePRAUK

UK to Publish More Insurance Regulatory Data…. in Aggregate

By Editor

The Bank of England and Prudential Regulation Authority (PRA) are seeking comment on plans to publish quarterly, aggregated data on the UK Insurance market. Recognising the value of the breadth and depth of data contained in the regular structured disclosures required by Solvency II, the PRA hope to improve analysis and insight in the insurance […]

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DataRegulationReportingUK

UK’s FCA and Bank of England Address Data

By Editor

The US aren’t the only ones turning their attention to data this year: earlier this month the UK’s Financial Conduct Authority (FCA) and the Bank of England announced proposals for data reforms across the UK financial sector. With technology changing the nature of the markets they regulate, both authorities have issued plans designed to develop […]

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DataFCAOpen BankingOpen FinanceUK

Could Open Finance Transform Industry? Call for Input

By Editor

Open banking has had an undeniably significant effect on the banking industry, with a wide range of faster, more convenient choices now competing for customer attention. Could extending the principles of open banking – the (optional) sharing of bank data with third parties – to other financial products further transform financial services? The UK’s Financial Conduct […]

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PRATaxonomyUK

PRA Publish BoE Taxonomy Version 3.3.0

By Editor

The UK’s Prudential Regulation Authority (PRA) have published version 3.3.0 of the Bank of England Banking (BoE) XBRL Taxonomy, release notes, data point model dictionary, annotated templates and validation rules. Updates have been made to support the collection of Capital+ and Ring-fencing reporting. See here for more information and the taxonomy update release note.

UK

Items tagged with "UK"

ICAEW explores future of UK Audit in internal controls paper

UK launches Regulatory Roadmap

UK’s new XBRL Taxonomy enables easier Energy and Carbon Reporting.

FRC to Assess Climate Reporting

Bank of England Update ASFV Taxonomy

One-Third of UK Financial Firms using ML

UK to Publish More Insurance Regulatory Data…. in Aggregate

UK’s FCA and Bank of England Address Data

Could Open Finance Transform Industry? Call for Input

PRA Publish BoE Taxonomy Version 3.3.0

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UK

Items tagged with "UK"

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