Germany has announced that from next month mercial banks will be able to use XBRL formatted financial statements for credit and risk assessment.The German Central Bank,the Deutsche Bundesbank,this week announced that it has been working with German banks (-ordinated by XBRL Germany)to help create a central platform of XBRL financial statements for credit assessment and analysis.

German pany data has been available from the Bundesanzeiger in XBRL format for many years,but this new platform allows additional reports to be inrporated into banks’analytical framework,prepared by pany tax advisers and acuntants.Stay tuned for more as it bees available.Read the announcement (in German but autotranslation works well)here.

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