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The XBRL Network of the

CEBS XBRL Network Ignacio Boixo VIII European Banking Supervisors XBRL Workshop 6th - 7th November 2007 Hosted by De Nederlandsche Bank. The XBRL Network of the.

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The XBRL Network of the

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  1. CEBS XBRL Network Ignacio BoixoVIII European Banking Supervisors XBRL Workshop6th - 7th November 2007Hosted by De Nederlandsche Bank The XBRL Network of the

  2. “While national supervisory authorities are free to decide on the technical transmission specifications to implement the reporting framework, CEBS considers that XBRL can be a helpful tool in constructing a harmonised European reporting mechanism. CEBS will therefore develop an XBRL platform and make it available free of charge to national authorities and supervised institutions. XBRL taxonomies will be developed for both the COREP (COmmon REPorting -Basel II-) and FINREP (FINancial REPorting -IFRS-) frameworks.” Point 4, Cover Note to the Framework for Common Reporting of the New Solvency Ratio Background

  3. CEBS Report 27 ---------------------------------------------------------------------------------------------------------------------------------------------------------------- Flexibility Principle Basel II, IAS/IFRS … Global best practices European Law 9X,XX% best practices + EU requirements EC 2006/48 & 49 … Transposition into national Legislation Country 1 Country 2 Country 3 Country 27 National Regulation Sup. 1 NCB 2 FSA 3 Sup. 27 National Implementation Report 1 ------------------------------------ Report 2 Report 3 ---------------------------------------------------------------------------------------------------------------------------------------------------------------- XBRL challenge!

  4. Bank Management IS Supervisory Operations Counterparties Collateral … Reports Other data … … CEBS XBRL EU: implementation model Didactic model for explanatory purposes only Basel II IFRS Basel II IFRS XBRL National implementation XBRL (National) XBRL (Europe) Bank Supervisor Internet Bank operations, controls…. Presentation, Analysis… Errors Errors Basel II IFRS Basel II IFRS to XBRL from XBRL Report ------------------------------ Report ------------------------------ XBRL Europe File Transfer (National)

  5. XBRL (optional or compulsory) • Belgium • Cyprus • Denmark • France • Finland • Germany • Italy • Lithuania • Luxemburg • Netherlands • Norway, • Poland • Spain • Definitely Other Format Austria, Czech, Denmark, Eesti, Latvia, Portugal, Slovak, Sweden, UK • Interested in XBRL Hungary, Estonia, Greece, Lithuania, Bulgaria, Italy • No information • Source: www.c-ebs.org European adoption

  6. Svetlana Shekerdjieva

  7. Project Management Weekly Conf. Call Yahoogroups 300+ Core Team: Supervisors DE, ES, IT, BE, GR + Non Supervisors Workshops: 7 editions * 70+ attendees Website, News & Communication

  8. Welcome to the VIII XBRL Supervisors Workshop!

  9. Ownership & Intellectual Property: CEBS Secretariat Ltd, UK Allocated Budget: 0 €/Year. Team: Supervisors (Core IT) part time + external support + Basel II & IFRS Supervision experts Initial advice of Walter Hamscher and Carlie Hoffman Workshop logistics provided by hosting National Supervisor CEBS XBRL Resources

  10. Committee of European Banking Supervisors Expert Group on Financial Information SubGroup on Reporting COREP Network FINREP Network XBRL Network Supervisors:Katrin Schmehl, Panagiotis Voulgaris, Mark Creemers, Victor Morilla, Michele Romanelli, Jacobo Varela, Ignacio Boixo +…. Collaborators:Colm O hAonghusa, Javi Mora +…. CEBS XBRL Reporting Line

  11. Dimensions: required for COREP Proposed by Charles Hoffman Main developers: Ignacio Hernández-Ros + Walter Hamscher Test cases, proof of concept tools and three (3) rewriting cycles of COREP taxonomy, by the CEBS team. Versioning: Mainly CEBS team plus contract with consultant. Formulas: Deep involvement of CEBS team, contract in course. Close relationship with IFRS XBRL Team  CEBS Contribution to XBRL

  12. Kick off meeting for XBRL Europe preparation at IASCF premises in London on 18 September 2007 Best XBRL practices both at European and National level when implementing COREP & FINREP XBRL Taxonomies acknowledgment Support on required XBRL Standards Advocacy at CEBS level: CESR, CEIOPS, ECB, EFRAG… XBRL Europe Contribution to CEBS

  13. www.c-ebs.org www.corep.info www.finrep.info Ignacio Boixo boixo@bde.es / info@corep.info +34 618 52 64 34

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