Industry News

Börsen-Zeitung: DVFA calls on ESMA to establish a quality assurance system for the new ESAP

Risk of data waste of complex electronic reports according to IFRS/ESEF, ESRS

March 19, 2014. The DVFA, the association of investment professionals in Germany, is calling for a uniform EU-wide quality assurance system. This is essential to ensure a minimum technical quality on the new EU uniform access point (ESAP) for capital market data. The current planning for the new ESAP of the European Securities and Markets Agency (ESMA) has a serious design flaw.

The risk of inadequate data quality is particularly relevant for IFRS consolidated financial statements of European companies (ESEF), but also sustainability data according to the new European Sustainability Reporting Standards (ESRS).

The CEO of the DVFA, Thorsten Müller, and I were interviewed by the German Börsen-Zeitung on this topic in my role as a member of the DVFA’s corporate analysis commission and as a digitalization expert.

Read the article (English language))
Source: Fechtner, DVFA warnt vor europäischer Datenhalde, Börsen-Zeitung 18.03.2024

Börsen-Zeitung: DVFA calls on ESMA to establish a quality assurance system for the new ESAP

Risk of data waste of complex electronic reports according to IFRS/ESEF, ESRS

March 19, 2014. The DVFA, the association of investment professionals in Germany, is calling for a uniform EU-wide quality assurance system. This is essential to ensure a minimum technical quality on the new EU uniform access point (ESAP) for capital market data. The current planning for the new ESAP of the European Securities and Markets Agency (ESMA) has a serious design flaw.

The risk of inadequate data quality is particularly relevant for IFRS consolidated financial statements of European companies (ESEF), but also sustainability data according to the new European Sustainability Reporting Standards (ESRS).

The CEO of the DVFA, Thorsten Müller, and I were interviewed by the German Börsen-Zeitung on this topic in my role as a member of the DVFA’s corporate analysis commission and as a digitalization expert.

Read the article (German language)
Source: Fechtner, DVFA warnt vor europäischer Datenhalde, Börsen-Zeitung 18.03.2024
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