CEBS: Discussion on digital reporting

30 June 2005

Representatives of the banking industry and the European regulatory bodies have discussed the joint effort necessary to improve speed, efficiency and quality in regulatory reporting through the use of digital reporting practices. They discussed the joint effort necessary to improve speed, efficiency and quality in regulatory reporting through the use of digital reporting practices. Speakers, representing European regulators, banks and standards bodies, showed that all prerequisites for digital reporting are realised or close to completion and that the next two to three years will show a revolution in the way Financial Service companies will report. The event focussed on the initiatives to support Basel-II reporting through the open standard for digital reporting XBRL.

Press release
 

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