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XBRL Updates for COVID-19 Requirements


In response to measures related to the COVID-19 crisis, the European Banking Authority (EBA) has issued updated reporting and disclosure requirements. These are designed to accommodate, for instance, emergency legislation on pausing loan repayment schedules and the resulting impact on financial institutions.

As such, the corresponding local XBRL taxonomies for reporting to the EBA have been updated with these temporary changes.  Altova has published updated taxonomy installers that provide the most recent versions.

Updated taxonomies are included with any installation of the Altova EBA XBRL Add-in for Excel, and additional local taxonomies including BBK, BDP, NBB, and SRB are available on the product download page.

Additionally, the XBRL Taxonomies Installer for all other Altova products that provide XBRL functionality, including XMLSpy, MapForce, and StyleVision, has been likewise updated. 

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How to Get EBA XBRL from Excel


Like other regulatory agencies around the world, the European Banking Authority (EBA) has standardized on XBRL for the transmission of data submitted by filing entities. Benefits of using XBRL include increased accuracy and efficiency of supervisory practices and risk identification. The use of XBRL benefits filing organizations as well, because the now-standardized data can be easily validated and then used further for automated report generation and other common requirements.

However, the challenge lies in getting backend data into a valid XBRL format according to the EBA Taxonomy, especially since the employees recording the data are generally financial professionals and not familiar with XBRL syntax.

Let’s take a look at a few options for that, including a solution from Altova called the European Banking Authority (EBA) XBRL Add-in for Excel.

EBA XBRL from Excel

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Solvency II XBRL without the Headache


Solvency II regulations in the European Union require periodic reports to be submitted in XBRL format by companies in the insurance industry. This can present a considerable challenge to workers unfamiliar with technical XBRL syntax.

Altova created an easy way to take data directly from Excel to generate reports based on the Solvency II XBRL taxonomy, completely shielding end users from the complexity of XBRL syntax.

Let’s take a look at what the Solvency II regulations mean to impacted companies and how the Altova Solvency II add-in for Excel makes it easy to generate valid reports for filing.

Learn about Solvency II XBRL

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Get Sharp with Altova’s Latest Release


Altova Software Version 2019 introduces over 20 new features to help you sharpen your development game – starting with support for high-res monitors in both XMLSpy and UModel. There are also tools for working with new standards and database versions across the product line, the ability to map and convert data in Google Protocol Buffers format, and much more. Let’s take a look at the highlights.

Altova Version 2019

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The Importance of Choosing Certified XBRL Tools 


Aside from complying with filing regulations, there are numerous benefits associated with adoption of the eXtensible Business Reporting Language. Standardizing information allows data validation as well as simplified comparison of reported data within an organization – from quarter to quarter or year to year, for instance – as well as comparing performance among multiple companies.

Of course, the benefits promised by XBRL  can only be realized through strict standards conformance in the tools organizations use for validating, reporting, and analyzing their XBRL data. Problems have arisen due to lack of consistent interoperability between software tools as well as less stringent validation checks that result in filing errors and diminished data quality.

Altova has always striven to deliver the closest possible conformance with supported XBRL standards and is honored to have received certification from multiple XBRL standards bodies, ensuring conformance and interoperability. Let’s take a look at the specifics and why this is so important for customers.

Financial pros using XBRL

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Big Data, Database, and XBRL Tools Get a Huge Boost


It’s time for the latest release of Altova’s MissionKit and server software products, and this one delivers a huge boost in functionality for working with big data, databases, XBRL, and much more.

With support for Apache Avro in multiple products, additional databases and drivers across the product line, and two new XBRL specifications in developer and server products, plus a new way to build and process PDF forms, Version 2017 connects all the data dots.

What will be your favorite new feature? Let’s take a look.

Big Data Support

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