Making International Payments is being covered as an effort to make transactions easier. If you are residents or a business owner, residing in the UK or Europe, and trying to find fee levied by banks for international payments, this post
Fintech and Regulation – Blockchain in US Govt. The International Monetary Fund (IMF) has published a staff discussion note on ways that distributed ledger technology can improve the global economy. What impact might FinTech have on financial services and how
The Swedish Standards Institute has approved XBRL as a national standard for electronic reporting and exchange of financial information between organizations in that country. The standard – SS 40100:2015 – specifies basic requirements to enable the concept of harmonization, transparency, accessibility and quality
The following slide on XBRL conversion steps would provide an indicative step-wise approach for conversion of financial statetments into XBRL instance document. The outputs are usually in .xml formats. XBRL Conversion Steps from Volition LLP For accounts outsourcing services, you
XBRL Reporting & Conversion Services for CRD IV COREP and FINREP reporting The regulatory reporting frameworks introduced under CRD IV and Solvency II legislation bring new compliance challenges new regulations. The associated Capital Requirements Regulation (CRR) have been in force
The IFRS Foundation has published illustrative tagging for the proposed IFRS Taxonomy Update IFRS Taxonomy 2017—IFRS 17 Insurance Contracts. The illustrative tagging shows how selected information from the Examples accompanying IFRS 17 could be tagged using the proposed IFRS Taxonomy Update.
Right on schedule, the European Insurance and Occupational Pensions Authority (EIOPA) has published the final 2.2.0 version of the EIOPA XBRL taxonomy. Read more…
Updated Business Rules released An important part of high quality structured data is the application of business rules that uncover simple mistakes and business logic errors. XBRL International urges all regulators to use machine executable business rules in order to
In May, the UK’s Financial Reporting Council (FRC) Lab released a report on the first phase of the Digital Future Project. This set out a framework which will be important to embed into any future system for digitally enabled reporting.
Preparations for 2020 have already started at the European Securities and Markets Authority for Inline XBRL ESMA which announced this week that it is seeking volunteers for Inline XBRL field tests. These will consist of transforming annual financial reports from