Reporting to financial regulators with the XBLR format creates confusion
The reporting requirements to EU-authorities for financial institutions has started to come into play within certain areas. This creates confusion since practical documentation is missing from the regulators and many FinTech companies are forced into the hands of consultants.Financial institutions of various types are required to conduct periodic reporting to local regulators, like the Swedish Financial Inspection and EU-authorities like the European Banking Authority. Following the financial crisis of 2007/2008 numerous resolutions were past to increase regulations of the participants in
