Right here is our choose of the 3 most vital XBRL information tales this week.
It’s a little bit of a pity that this rating sheet doesn’t obtain higher consideration – however then once more, that isn’t stunning, given how exhausting their publishers make it to find … you’ll want to be on LinkedIn to entry this quarter’s rating.
In response to measures associated to the COVID-19 disaster, the European Banking Authority (EBA) has issued updated reporting and disclosure requirements. These are designed to accommodate, as an illustration, emergency laws on pausing mortgage compensation schedules and the ensuing impression on monetary establishments.
Now that the dreadful virus is firmly ensconced in our societies, it’s time to adapt reporting templates to grasp the impression it has on firms.
Having established a activity power, the European Monetary Reporting Advisory Group (EFRAG) is poised to proceed with the event of non-financial reporting requirements, which, if carried out, would improve comparability, relevance and reliability of non-financial data.
The significance of this transfer for international ESG reporting is difficult to overstate. The EU is probably the most superior regulatory physique starting to deal with probably the most burning problem in ESG reporting, which is the shortage of a coherent reporting normal.
Christian Dreyer CFA is well-known in Swiss Fintech circles as an skilled in XBRL and monetary reporting for traders.
We’ve got a self-imposed constraint of three information tales every week as a result of we serve busy senior leaders in Fintech who want simply sufficient data to get on with their job.
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