ESMA News

EU enforcers must monitor closely new reporting standards

The common enforcement priorities related to 2019 IFRS financial statements include: ·       specific issues related to IFRS 16 Leases given the need to exercise significant judgement in its application, particularly in determining the lease term and the discount rate; ·       improvement of the information provided under standards that became applicable in 2018 IFRS financial statements: […]

ESMA News

ESMA sees significant room for improvement in national regulators’ supervision of derivatives data

This peer review complements ESMA’s Data Quality Action Plan (DQAP) in order to further improve the quality and usability of derivatives data.        The review was targeted at those six NCAs who supervise important derivative markets in the European Union (EU) and have key counterparties reporting their derivative trades to EU Trade Repositories, […]