Tag: financial reporting

Scaleup Finance, a pioneering company in the FinTech sector, has successfully closed an $8m (£6.4m) pre-Series A funding round. This significant financial boost is aimed...

In the ever-evolving landscape of global finance, the implementation of a unique product identifier (UPI) has become paramount for regulatory compliance and operational efficiency. The European Union's EMIR-REFIT initiative underscores the necessity of UPIs, a standard that transcends borders, encompassing major financial markets including the USA, the UK, Australia, the EU, and Singapore. This widespread adoption signifies a unified stride towards harmonisation in the financial sector.

The macroeconomic environment is undoubtedly a focal point in today's discussions within wealth management, banking, and insurance sectors. However, the urgency of addressing climate...

In an era where corporate sustainability is no longer a choice but a necessity, it is crucial to secure top-level buy-in from executives and directors. This pivotal step ensures that sustainability is not just a fleeting topic, but a permanent fixture in corporate agendas. Understanding the significance of this, a comprehensive guide has been developed to assist sustainability professionals in navigating this challenge.

With the introduction of the Corporate Sustainability Reporting Directive (CSRD), companies are now required to disclose their sustainability performance. However, the European Financial Reporting Advisory Group (EFRAG) has acknowledged the challenges faced by small and medium-sized enterprises (SMEs) in meeting these requirements due to their limited resources.

As the clock ticks down to the adoption of the revised EMIR reporting standards in the EU (April 29, 2024) and the UK (September 30, 2024), understanding and complying with these expanded obligations is crucial.

In a recent post by Diligent, the company outlined some key details surrounding the International Sustainability Standards Board (ISSB).

A report by Workiva has found a lack of action amongst European companies as they prepare for the CSRD compliance by 2024.