Innovate Finance recently shared a useful comment response to the UK Financial Conduct Authority (FCA) consultation paper Sustainability Disclosure Requirements and investment labels.
Credit consortia in Italy are now able to grant subsidised loans to SMEs in all economic sectors – with the subsidised credit coming with an XBRL filing obligation.
Over the past two years the Bank of England has been transforming the way it gathers regulatory and statistical reporting data, transitioning statistical data collection to XBRL. On 1 December this transition was completed with the final sunsetting of the prior Online Statistical Collection Application (OSCA) system.
Indonesia’s Directorate General of Taxes (Direktorat Jenderal Pajak or DGT) recently issued guidance on several new aspects for entities to consider while using a new XBRL-based feature for their tax returns.
“Why is there such hesitation regarding standardisation, and why are people afraid that it will put a dampener on innovation?” asks Björn Fastabend. He argues that standardisation, such as in the introduction of XBRL for digital reporting, can in fact nurture and facilitate innovation.
Madhabi Puri Buch, Chairperson of the Securities and Exchange Board of India, offers engaging insights on ‘data and technology in the capital markets’ in a Foundation Day lecture at the Indian Institute of Management Bangalore.
This is a guest opinion piece from Björn Fastabend. Björn is head of the XBRL collection and processing unit at BaFin, Germany’s Federal Financial Supervisory Authority, where he supervises all related activities and propagates international relations and initiatives. He also brings us his wealth of experience in implementing digital reporting as Chair of XBRL International’s […]
Europe is requiring companies to report on alignment of their activities with the EU Taxonomy, providing sustainability information to investors. CoreFiling and Greenomy demonstrate how these rules can be captured in digital form, in an XBRL taxonomy and report.
Earlier this month, Georgia’s Service for Accounting, Reporting and Auditing Supervision (SARAS) held a kick-off workshop for its ‘Feasibility Study of the XBRL Standard Implementation in Georgia.’
CPA Australia’s INTHEBLACK magazine discusses ‘Why digital financial reporting should be mandatory,’ as momentum toward digitisation Down Under continues to build.
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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.
