Here are the three most relevant developments in the world of structured reporting we became aware of in the course of last week – today exclusively from our friends at XBRL International.
1 New units available for consistent climate and energy reporting
2 A global view and policy insights on XBRL implementation
There’s a tremendous amount for readers to get their teeth into in a report out this week from CPA Australia and the University of Adelaide, titled ‘Digital corporate reporting: Global experiences from the G20 and implications for policy formulation,’ by Prof Indrit Troshani and Dr Nick Rowbottom.
It’s been a while since we last saw a global scope policy update – good timing!
3 Further consolidation and digitisation at India’s central bank
The Regulations Review Authority of the Reserve Bank of India (RBI) has recently made significant recommendations aimed at rationalising data collection and reducing regulatory burdens. Having recommended the withdrawal of 150 circulars – the instructions issued to banks regarding reporting requirements – in November last year, it has now lined up a further 100 circulars for retirement.
XBRL is putting down more roots in the world’s second most populous nations.
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Christian Dreyer CFA is well known in Swiss Fintech circles as an expert in XBRL and financial reporting for investors.
We have a self-imposed constraint of 3 news stories each week because we serve busy senior leaders in Fintech who need just enough information to get on with their job.
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