XBRL News from Israel, EIOPA and Switzerland

Here are the three most relevant developments in the world of structured reporting we became aware of in the course of last week.

1  Software vendors needed as Israel adopts inline XBRL

2  EIOPA consults on pensions reporting and emphasises digital alignment

The European Insurance and Occupational Pensions Authority (EIOPA) has launched a public consultation on changes to its regular information requests to national competent authorities (NCAs) for occupational pension information. It seeks to improve reporting by pensions schemes – which it dubs Institutions for Occupational Retirement Provisions, or IORPs – on emerging risks and challenges.

Interesting to monitor progress in this naturally rather conservative space.

3  Mandatory climate reporting in Switzerland

The Swiss government has started the consultation on introducing mandatory climate reporting for large Swiss firms. In line with emerging global and European standards (ISSB & EFRAG), human and machine readable structured data (i.e. XBRL) will play a key role in this novel reporting domain.

Check out this panel discussion & networking event hosted by XBRL Switzerland on 7 June. Register today to attend if you’re in the neighbourhood.

 

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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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