Using a big data approach to drive analytics of large quantities of XBRL data, with necessary data structuring, aggregation, ordering and filtering controlled directly from the XBRL taxonomy (the business-led data definitions) has been something of a holy grail for regulators and other large scale users of the standard for many years.
UK Companies House XBRL Data is central to the business model of a new startup. Populous claims to be an invoice factoring and trade finance platform being built using the latest in blockchain technology. Using free financial statement data available in XBRL format for UK companies, the young team seeks to pool financing via an ether-based […]
The team at Threadneedle street are busy. Hot on the heels of the Capital+ taxonomy, arrives a new draft taxonomy for comment. This is a set of PRA requirements for bank Financial Statements. Once again, the Bank of England has chosen to align its reporting requirements – and taxonomy – with the EBA framework, taking […]
The Bank of England has finalised the Capital+ taxonomy that will govern capital forecasts for regulated deposit takers from 1 October.
The Bank of England has published a public working draft (PWD) of its Banking XBRL Taxonomy (v0.9.1). Comment deadline is 16 January.
Interested parties are invited to review modelling applied to the financial reporting requirements for the Republic of Ireland under FRS101, FSR102 and IFRS.
The Bank of England’s FinTech Accelerator program engages with FinTech firms to develop new solutions, based on blockchain and other innovative technologies, for the BoE to use in its role as the UK’s central bank.
UK based XII staff, like the rest of the world, woke up to a shock last Friday. The ongoing market and currency turmoil, as well as the sheer complexity of the upcoming negotiations and political, legal and economic changes will have an ongoing impact on Europe and, umm, the formerly “United” Kingdom for some time. […]
Fintech is creating new opportunities for collaboration between firms offering new financial services while causing headaches for institutions wed to the old ways of doing business.
Read about an update on how the IFRS Taxonomy is being used for securities regulation and where digital reporting the UK might be headed.
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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.
