XBRL News about ESEF, DRR and Japanese governance

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

1  What needs to be done on data quality? FRC reviews first mandatory ESEF year

2  Efficiency through reporting best practices

During the recent era of regulatory change, a lack of consistency in the way rules were drafted and implemented has been one of the biggest challenges for market participants and regulators. Nowhere is this more evident than in trade reporting requirements for over-the-counter (OTC) derivatives, which were put in place to enhance market transparency. 

ISDA, the global trade body for financial derivatives, is approaching conclusion of its Digital Regulatory Reporting initiative. 

3  Extracting the latest governance and risk management trends from Japan

PwC Japan has recently published an analysis of this year’s trends in corporate governance, risk management and other hot topics, based on text mining of XBRL-based annual reports by Japanese public companies listed on the Tokyo Stock Exchange.

We suggest that governance specialists from around the world pay attention to this new source of information. 

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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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