32th XBRL Europe Conference
23-24 May 2024, Hotel Phoenicia, Valletta (Malta)
The XBRL Europe community convened for their annual conference on the island of Malta. The event was inaugurated by Malta's Minister for Finance, Clyde Caruana. Attendance was lower than usual, possibly due to the location, with many speakers participating remotely, albeit with some technical difficulties.
The conference covered a wealth of updates, including plans to expand various bank reporting requirements and new modeling approaches. AI emerged as a significant topic, particularly in the analysis of reports. A major development discussed was the European Single Access Point (ESAP), now envisioned not as a gateway but as a new database, with Collecting Bodies required to report to the ESAP within one hour.
Other key announcements included the upcoming release of a new ESMA Taxonomy and reporting manual, and the final ESRS taxonomy expected by Q4 2024, with tagging potentially starting in 2025. Additionally, Report Packages in ZIP format are no longer recommended.
The conference saw robust discussions within technical working groups and significant leadership changes. Thomas Verdin was elected the new Chair of XBRL Europe, succeeding Bruno Tesniere. The event also marked the last conference for long-serving XBRL Europe CEO, Gilles Maguet, who is set to retire at the end of the year after 16 years of service.
Once again the XBRL Europe Conference provided a vibrant platform for reconnecting with old colleagues and partners, fostering a sense of camaraderie among attendees. The event also offered ample opportunities for forging new social connections, with informal gatherings and discussion groups. These interactions not only strengthened professional bonds but also facilitated the exchange of innovative ideas, creating a collaborative atmosphere that is vital for the growth and development of the XBRL community.
The conference covered a wealth of updates, including plans to expand various bank reporting requirements and new modeling approaches. AI emerged as a significant topic, particularly in the analysis of reports. A major development discussed was the European Single Access Point (ESAP), now envisioned not as a gateway but as a new database, with Collecting Bodies required to report to the ESAP within one hour.
Other key announcements included the upcoming release of a new ESMA Taxonomy and reporting manual, and the final ESRS taxonomy expected by Q4 2024, with tagging potentially starting in 2025. Additionally, Report Packages in ZIP format are no longer recommended.
The conference saw robust discussions within technical working groups and significant leadership changes. Thomas Verdin was elected the new Chair of XBRL Europe, succeeding Bruno Tesniere. The event also marked the last conference for long-serving XBRL Europe CEO, Gilles Maguet, who is set to retire at the end of the year after 16 years of service.
Once again the XBRL Europe Conference provided a vibrant platform for reconnecting with old colleagues and partners, fostering a sense of camaraderie among attendees. The event also offered ample opportunities for forging new social connections, with informal gatherings and discussion groups. These interactions not only strengthened professional bonds but also facilitated the exchange of innovative ideas, creating a collaborative atmosphere that is vital for the growth and development of the XBRL community.
