SEC announced that the Electronic Data Gathering, Analysis, and Retrieval (EDGAR) system was upgraded to Release 19.2 and now supports the 2019 International Financial Reporting Standards (IFRS) taxonomy. The EDGAR system no longer supports the 2017 U.S. GAAP Financial Reporting Taxonomy, 2014 Document and Entity Information (DEI) Taxonomy, 2017 Exchanges (EXCH) Taxonomy, and 2016 Currencies (Currency) Taxonomy.
The 2019 IFRS taxonomy reflects the same taxonomy that the IASB made available on its website on March 27, 2019. SEC encourages companies to use the most recent version of taxonomy releases for their XBRL exhibits to take advantage of the most up-to-date tags related to new accounting standards and other improvements. On March 11, 2019, the EDGAR system was upgraded in Release 19.1 and now supports the 2019 U.S. GAAP, 2019 SEC Reporting, 2019 Currency, and 2019 EXCH taxonomies. The EDGAR system was also upgraded in Release 19.2 to support 2019 Document and Entity Information (DEI) taxonomy as a result of the SEC adopting amendments to modernize and simplify certain disclosure requirements in Regulation S-K. One of the amendments requires the information on the cover pages of Forms 10-K, 10-Q, 8-K, 20-F, and 40-F to be tagged in Inline XBRL, in accordance with the EDGAR Filer Manual.
Keywords: Americas, US, Banking, Securities, Accounting, EDGAR 19.2, XBRL, US GAAP, Taxonomy, DEI Taxonomy, Reporting, IFRS, FASB, SEC
PRA published a set of questions and answers (Q&A) covering common queries regarding residential and commercial property valuations, for the purpose of the Capital Requirements Regulation (CRR), during the period of disruption caused by COVID-19 pandemic.
IOSCO proposed updates to its principles for regulated entities that outsource tasks to service providers.
MAS announced that the first phase of the Veritas initiative will commence with the development of fairness metrics in credit risk scoring and customer marketing.
BoE published the Statistical Notice 2020/4 to update the buy-to-let (BTL) Phase 2 and Phase 3 definitions for the Interest Rate Type data item.
FSI published a brief note that examines challenges facing the banking sector as a result of the payment deferral programs put in place to support borrowers affected by the COVID-19 pandemic.
PRA published the policy statement PS14/20, which contains the supervisory statement SS1/20 and the feedback to responses to the consultation paper CP22/19 on expectations for investment by firms in accordance with the Prudent Person Principle, or PPP, as set out in the Investments Part of the PRA Rulebook.
EBA published an opinion following the notification by the French macro-prudential authority, the Haut Conseil de Stabilité Financière (HCSF), of its intention to extend a measure introduced in 2018 on the use of Article 458(9) of the Capital Requirements Regulation (CRR).
As part of a Research Bulletin on the recent policy-relevant work, ECB published an article that examines the lessons learned from past crises for nonperforming loan resolution in the post COVID-19 period.
RBNZ published the financial stability report for May 2020. This review of the financial system in the country highlights that the economic disruption associated with COVID-19 will present challenges to the financial system.
ECB updated the guidance notes for reporting related to the statistics on holdings of securities by reporting banking groups (SHSG).