In 2018, the European Financial Reporting Advisory Group (EFRAG) received a request from the European Commission (EC) to advise on alternative accounting treatments on the measurement of long-term investments in equity instruments. EFRAG has now submitted its final advice.
The second version of the European Commission’s delegated Regulation (EU) 2019/2100 on regulatory technical standards for the specification of a single electronic reporting format (ESEF) was published in the Official Journal of the European Union on 16 December 2019.
Following its consultation in July 2019, the European Securities and Markets Authority (ESMA) has published its findings and recommendations on potential short-term pressures in securities markets.
On 28 November 2019, the European Financial Reporting Advisory Group (EFRAG) convened the 'IFRS & Regulation: Searching for Common Ground' conference in Bussels.
At the 'IFRS & Regulation: Searching for Common Ground' conference convened in Bussels today by the European Financial Reporting Advisory Group (EFRAG), Steven Maijoor, Chair of the European Securities and Markets Authority (ESMA), provided a keynote speech.
Accountancy Europe has released a call to action recommending five steps to revise the Non-Financial Reporting Directive and strengthen non-financial reporting requirements in Europe.
The European Securities and Markets Authority (ESMA) has announced the priority issues that the assessment of listed companies' 2019 financial statements will focus on.
The European Financial Reporting Advisory Group (EFRAG) has announced that it will issue a positive draft endorsement advice consultation once final changes have been published by the IASB related to IBOR reform. EFRAG has announced that date to be 26 September 2019.
In July 2019, the European Securities and Markets Authority (ESMA) launched a consultation that aimed to gather evidence on potential short-term pressures on corporations stemming from the financial sector. The individual responses to the consultation are now available.
The European Banking Authority (EBA) has published a IFRS 9 roadmap providing a comprehensive overview of planned monitoring activities on IFRS 9 implementation. The EBA has also launched an IFRS 9 benchmarking exercise on a sample of institutions aimed at analysing the different modelling practices followed by institutions and how IFRS 9 implementation impacts the amount of expected credit losses in terms of own funds and regulatory ratios.
The European Securities and Markets Authority (ESMA) has published further extracts from its confidential database of enforcement decisions taken by European national enforcers. This batch deals with decisions in relation to IFRS 10/IAS 7, IAS 7, IFRS 10/IFRS 12/IFRS 13/IAS 1, IFRS 9, IAS 40, IFRS 2, and IAS 34/IAS 36.
The European Securities and Markets Authority (ESMA) has submitted to EFRAG its response to the current consultation, which addresses (potentially inappropriate) accounting requirements for equity and equity-type instruments that are held in a long-term business model. In the consultation, EFRAG seems to suggest that current measurement requirements under IFRS 9 might be inappropriate - a view that is not supported by ESMA.
The European Securities and Markets Authority (ESMA) has published an update of its European Single Electronic Format (ESEF) Reporting Manual. The manual is aimed at all market participants involved in the implementation of the requirements set out in the ESEF Regulation, and in particular in the first-time preparation of IFRS consolidated financial statements in Inline XBRL.
At the stakeholder event at the meeting of the Trustees of the IFRS Foundation in Munich on 26 June 2019, Dr Nicolas Peter, Chief Financial Officer of BMW AG, gave the keynote address.
The European Securities and Markets Authority (ESMA) has launched a consultation that aims to gather evidence on potential short-term pressures on corporations stemming from the financial sector.
The European Commission (EC) has published new guidelines on reporting climate-related information supplementing its non-binding guidelines on non-financial reporting published July 2017.
The European Commission (EC) has published a report summarising the responses to the draft supplement to its non-binding guidelines on non-financial reporting with specific reference to climate-related information.
The European Securities and Markets Authority (ESMA) has published a draft amendment to the European Single Electronic format (ESEF) to update the core taxonomy to the latest updates to IFRSs.
The European Commission has published a regulation requiring all listed companies across the European Union to submit their annual financial statements digitally as Inline XBRL documents from 1 January 2020 on.
The European Federation of Accountants and Auditors for SMEs (EFAA) has published the results of a survey on the acceptance of the micro-entities accounting option in Europe, which was introduced to ease the administrative burden on very small companies.
The EFRAG has launched a public consultation exploring potential alternative accounting treatments to fair value measurement for long-term investment portfolios of equity and equity-type instruments.
The EFRAG has made available a series of videos from the first conference of the European Reporting Lab held in Brussels on 5 March 2019. The theme of the conference was fostering innovation in corporate reporting.
At the meeting of the International Federation of Accounting Standard Setters (IFASS) currently held in Buenos Aires, Peter Sampers, Chairman of the Dutch Accounting Standards Board (DASB) and Professor of Financial Accounting at Maastricht University, provided an update on the outcome of the public consultation on the EU framework for pubic reporting by companies.