A New Approach to Data Collection: Structured Data Reporting at the Bank of Russia

Ballroom B

The Bank of Russia started XBRL data collection 2 years ago in 2018. During this time benefits of XBRL format have overall improved the efficiency of data collection, but also have highlighted some drawbacks and areas for further development. The presentation will give an overview of the XBRL implementation project in the Bank of Russia, share some aspects regarding the collection of large volumes of transactional data and outline directions for further development of increasing use of the XBRL standard inside and outside the regulator.

Business and Regulatory Reporting