XBRL News in the silly season

Capture investment opportunities created by megatrends

XBRL News in the silly season

19 August 2021 Technology & Digitalization 0

The silly season is in full swing in the XBRL world. Hence just one news item today …

1  Federal Council sets parameters for binding climate reporting for large Swiss companies

Sustainable finance offers the Swiss financial centre an opportunity to further reinforce its competiveness. In December 2020, the Federal Council instructed the Federal Department of Finance (FDF), together with other departments, to develop a binding means of implementing the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD) for Swiss companies.

Switzerland now has an opportunity to make up for lost ground on digital reporting. Mandatory reporting for 2023 will enter into force in 2024 already. We are keen to learn the details!

—————————————————————

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.

 For context on XBRL please read this introduction to our XBRL Week in 2016 and read articles tagged XBRL in our archives. 

 New readers can read 3 free articles.  To  become a member with full access to all that Daily Fintech offers,  the cost is just USD 143 a year (= USD 0.39 per day or USD 2.75 per week). For less than one cup of coffee you get a week full of caffeine for the mind.