In the late months of 2020, the Bank of England announced that the submission of statistical data would be moved to the Bank of England Electronic Data Submission (BEEDS) portal, making it possible for firms to complete and file data submissions online. Subsequently, in 2021, the BoE confirmed that the change in the filing of statistical data would require a much bigger vessel: the move from XML to XBRL.
Continue readingOverview of the data collection transformation in the UK financial sector
Amongst the turmoil of the ravaging pandemic, the Bank of England published a report on transforming data collection from the UK financial sector, laying out the principles for reshaping data transformation over the next decade.
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