XBRL (eXtensible Business Reporting Language)
XBRL (eXtensible Business Reporting Language) is an international open standard for digital business reporting, enabling efficient, accurate, and automated exchange of regulatory data between financial institutions, regulators, and other stakeholders. By tagging information with standardised labels, XBRL improves data transparency, consistency, and comparability, reducing the need for manual processing and minimising the risk of errors.
Financial institutions worldwide use XBRL to meet regulatory reporting requirements, streamline financial disclosures, and enhance internal data management. It supports faster, more reliable decision-making by ensuring that key information is readily accessible and machine-readable.
As reporting demands grow more complex, XBRL plays a crucial role in modernising how financial and regulatory data is captured, shared, and analysed.