BDE updated technical instructions on the standards for the electronic filing and transmission of financial statements, according to the eXtensible Business Reporting Language (XBRL) standard, along with the other financial documentation. The technical instructions specify that the statements and financial documentation must be presented in accordance with the standards and technical specifications issued for this purpose, as established by the provisions of BDE. The statements not yet available in XBRL format will be presented in plain text format, according to the technical specifications described in the instructions (IE 1996.07) on standards for presentation of financial statements of credit institutions. The reporting entities are responsible for authenticity of declared data and must make the necessary corrections.
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Keywords: Europe, Spain, Banking, Instructions, XBRL, Reporting, BDE
EBA published its annual work program for 2021. The work program describes the activities and deliverables for the coming year in the context of the six key strategic areas of work.
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ECB published its statement of compliance with the IOSCO principles for financial benchmarks developed by IOSCO.
OSFI updated the timelines for implementation of IFRS 17 on insurance contracts.
IFRS launched a consultation to assess the demand for global sustainability standards.
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US Agencies (FDIC, FED, and OCC) finalized three interim final rules that were published in March and April this year to ease the impact of disruptions caused by the COVID-19 pandemic.
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APRA announced that it is resuming consultation on the confidentiality of data submitted to APRA by the authorized deposit-taking institutions.
EIOPA is consulting on a supervisory statement on the use of risk mitigation techniques by insurance and reinsurance undertakings.