Here is our pick of the 3 most important XBRL news stories this week.
Speech by Benoît Cœuré, Head of the Bank for International Settlements Innovation Hub, at the Peterson Institute for International Finance, Financial Statement event series, 19 August 2020.
The head of the central banks’ innovation hub discussing the challenges of supervisors and their supervised entities to migrate supervisory processes from the manufacturing to the digital paradigm – a sight to behold!
The taxonomy renewal cycle is kicking off again for next year with comments by the public encouraged.
Typically, when providing credit, the lender’s knowledge of the borrower will be incomplete. To counteract that information asymmetry, banks often require collateral in the form of tangible assets, like real estate. But what if Big Data could solve that information asymmetry?
As indicated in (1), the central bankers’ central bank, the BIS is conducting quality research into how the application of technology is impacting traditional finance. It doesn’t get a lot more traditional than collateral requirements for credit, which could be reduced by throwing big data at the problem.
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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