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XBRL, IAS, Basilea II Opportunities for Sanpaoloimi Group

Investment Banking. Personal Financial Services. Insurrance Network. Banca OPI. > Over 3.200 branches in Italy> Operating in 32 coutries. > Over 7.000.000 Retail Customers> Over 400.000 Business Customers. > Over 43.000 Employees> Over 4.300 Financal sales agents. Sanpaolo IMI Group. Commecial Ba

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XBRL, IAS, Basilea II Opportunities for Sanpaoloimi Group

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    2. Sanpaolo IMI Group

    3. One Network but with Local Brands

    4. Enterprises Division

    5. Reality

    7. XBRL Technology maturity

    8. Quality of Comunication

    9. Virtualization

    11. Banks, Companies and Financial Information in Italy

    14. Sanpaolo IMI Reporting System

    15. Estimated Impact of IFRS on Shareholder Equity

    16. Estimated Impact of IFRS on 2004 Full Year Results

    17. Implementation roadmap

    18. Adoption Impact Organisation adjustment Processes adaptation Taxonomies management and control Architectural conformance Application modification

    19. XBRL: The feeling The general feeling could be: XBRL is not for me ! XBRL is a toy for consultants ! It is useful only for large groups operating cross border Are SME involved? From regulatory point of view the majority of enterprises will not have to meet the requirements of the new international rules

    20. Benefits for Enterprises Higher reporting speed Internal and external Cost reduction Auditing improvements Open Standards based on taxonomies definition Information flow improvements Improvement of interactions with banks

    21. Will XBRL be successful ? IAS-IFRS are mandatory in Europe and XBRL is thev only language tightly linked to them XBRL tends to be supported by all major players of the financial information production and usage chain (banks, rfegulators, stock exchanges, analysts, enterprises, etc.) Semantics is the added value: a direct link with IFRS There are no other competing languages with the same semantic efficiency XBRL č extensible

    24. A new way of Thinking

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