IFRS released the Taxonomy formula linkbase 2019. The IFRS Taxonomy formula linkbase 2019 is an update of the 2018 version and accompanies the IFRS Taxonomy 2019. It can be used with software tools that support the XBRL formula specification 1.0.
The IFRS Taxonomy formula linkbase can help with validating, and thus improving, the reliability of values reported using the IFRS Taxonomy and the XBRL technical format. It reflects content changes in the IFRS Taxonomy 2019 and includes an updated technical structure for the following validation categories:
- Group 1 negative validations for full IFRS standards
- Technical validations covering adjustments for duplicate facts' validation for both full IFRS standards and the IFRS for small and medium enterprises standard.
Keywords: International, Banking, Accounting, IFRS Taxonomy Formula Linkbase, IFRS Taxonomy, XBRL, IFRS
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PRA published a statement that explains when to expect further information on the PRA approach to transposing the Capital Requirements Directive (CRD5), including its approach to revisions to the definition of capital for Pillar 2A.
SRB published the work program for 2021-2023, setting out a roadmap to further operationalize the Single Resolution Fund and to achieve robust resolvability of banks under its remit over the next three years.
EIOPA is consulting on the relevant ratios to be mandatorily disclosed by insurers and reinsurers falling within the scope of the Non-Financial Reporting Directive as well as on the methodologies to build these ratios.
US Agencies (FDIC, FED, and OCC) issued a joint statement encouraging banks to cease entering into new contracts that use USD LIBOR as a reference rate as soon as practicable and in any event by December 31, 2021, to facilitate an orderly LIBOR transition.
The Group of Central Bank Governors and Heads of Supervision (GHOS), the oversight body of BCBS, endorsed a coordinated approach to mitigate COVID-19 risks to the global banking system.
HM Treasury extended the consultation period on Phase II of the Future Regulatory Framework (FRF) Review, from January 19, 2021 to February 19, 2021.
ECB finalized guidance on the way it expects banks to prudently manage and transparently disclose climate and other environmental risks under the current prudential rules.
BCBS published a technical amendment to the capital treatment of securitizations of non-performing loans by banks.
PRA published the policy statement PS23/20 on the calculation of stressed value at risk (sVAR) and risks not in value at risk (RNIV) under the market risk framework.
BoE announced that the Data and Statistics Division is planning to move collection of statistical data to the BoE Electronic Data Submission (BEEDS) portal.