December 20 2023. This was an exciting event at the Financial Conduct Authority (FCA) in 2009. Some of my statements from back then, some of which are unfortunately still relevant in Europe today:

• “In the US negative feedback of Investment Professionals had been received (see documents of the CFA Institute for example). Consequently they added more concepts and the US SEC gave more binding guidance on extensions. In Europe we may receive the same feedback than in the US, if don’t learn from US’s experience.
  Europe has the chance to to do even better!“
• “Investment Professional will only applaud for XBRL, if we reach comparability at an acceptable level.“
• “XBRL technology could be key for improving the European capital markets for all listed companies but especially for small and mid caps. However issuers will not benefit from capital markets being improved unless XBRL does not fundamentally “facilitate accessibility, analysis and comparability of annual financial reports“
• “Risks of “closing your eyes” activities“