COREP and FINREP : Start of real XBRL reporting in the European Banking Supervision

1. 15th XBRL International Conference COREP and FINREP: Start of real XBRL reporting in the European Banking Supervision Committee of European Banking Supervisors XBRL Network Daniel Hamm Katrin Schmehl Munich, 2007-06-06

2. Agenda • Short Summary of COREP • Short Summary of FINREP • COREP and FINREP in Europe Today • Status and Future of the Projects

3. Agenda • Short Summary of COREP • Short Summary of FINREP • COREP and FINREP in Europe Today • Status and Future of the Projects

4. Basel II Directives 2000/12 & 93/6 Country 1 Country 2 Country 3 Country 25 FSA 1 FSA 2 FSA 3 FSA 25 Report 1 ------------------------------------ Report 2 Report 25 ---------------------------------------------------------------------------------------------------------------------------------------------------------------- Report 3 ---------------------------------------------------------------------------------------------------------------------------------------------------------------- COREP Background European Law 9X,XX% Basel II compatible Transposition into national Legislation National Regulation National Implementation XBRL challenge!

5. COREP: Dates & Facts • COREP: COmmon REPorting • Initiative of the Committee of European Banking Supervisors (CEBS, http://www.c-ebs.org) End of 2004: Decision of CEBS to use XBRL July 2005: First Public Working Draft of Dimensions October 2006: Start of national extensions March 2006: COREP Taxonomy 1.0 2004 2005 2006 time February 2005: First European Banking Supervisors XBRL Workshop (Madrid) Start of taxonomy development September 2005: III European Banking Supervisors XBRL Workshop (Brussels) First presentation of results to supervisors September 2006: Dimensions 1.0 Recommendation COREP Taxonomy 1.2 (official release to build national extensions)

6. COREP: Dates & Facts • Taxonomies represent 18 templates • Overview and group solvency details (2) • Credit Risk (7) • Market Risk (6) • Operational Risk (3) • Current taxonomy version: 1.2.4 (dated 2007-04-20) • Several European Banking Supervisors XBRL Workshops took place (latest was the VII Workshop and took place in Munich last month) • Official Website: http://www.corep.info

7. Agenda • Short Summary of COREP • Short Summary of FINREP • COREP and FINREP in Europe Today • Status and Future of the Projects

8. FINREP: Dates & Facts • FINREP: FINancial REPorting • FINREP: XBRL representation of the Financial Reporting Framework of the CEBS • FINREP is designed for credit institutions that use IAS / IFRS (International Accounting Standards / International Financial Reporting Standards) • FINREP taxonomy is an extension of the IFRS-GP taxonomy (developed by the International Accounting Standards Committee Foundation - IASCF) • FINREP Taxonomy 1.0 dated 2006-09-30 • Current version: 1.2 (dated 2006-12-21)

9. Goals of COREP and FINREP • At first, the goal was the pure development of working taxonomies • Early need to integrate European supervisors („end-users“) in the development process • Three different types of goals now: • Technical goal • Allocation of taxonomies • Business goal: • Encourage / support national supervisors in their XBRL adoption • Use of synergy effects • „XBRL“ goal • Create awareness for XBRL capabilities and benefits across Europe • Help in developing the standard according to the project‘s needs

10. Agenda • Short Summary of COREP • Short Summary of FINREP • COREP and FINREP in Europe Today • Status and Future of the Projects

11. COREP/FINREP in Spain Spain

12. SIIF: XBRL system of the Bank of Spain • 2005: System of interchange of financial information (SIIF) • 2006: SIIF is improved to support the New Basel’s Accord Solvency Information National Bank • Only XBRL • XBRL is the only format allowed, but providing a translation tool • Entities to consider providing XBRL directly • Translation tool must be maintained xbrl xbrl xbrl Financial entity Financial entity Financial entity txt

13. HTML XSLT XBRL Services being provided • Providing helper services • Instance validation service • Instance visualizing service • Taxonomy dictionary browser • Taxonomy browser • Spanish COREP: • Commercial XBRL engine for validation • Visualization based on XSLT, but using the API of the XBRL engine • Bank of Spain: • One entity and one period per instance document Front-end Javascript XSLT XSLT Javascript FinancialEntity XSLT Processor

14. COREP/FINREP in the Netherlands The Netherlands

15. e-Line: generic solution for reportingof the Bank of the Netherlands National Statistics Bureau Departments Data-entry Internet Plausibility Data warehouse ECB Data transmission Quality checks BIS Storage Publication Eurostat XML Mathematical Government XBRL

16. e-Line: Support for reporting entities • Overview of reports DNB to be delivered • Fill out reports • data-entry • Importing: XML, XBRL • Quality checks: technical and business rules • Export to Excel / PDF • Multi-user handling

17. Sample data entry form of a COREP template

18. e-Line: support for interested national banks in Europe • e-Line provides: • an web-based tool • possibilities to adjust the design to the corporate design of the national bank • possibilities to create own reporting forms • support for any language • an overview of the reporting progress • data storage • back-up facilities • adjustments on reports • security(PKI = Public Key Infrastructure) • interfaces to back office systems

19. COREP/FINREP in Belgium Belgium

20. CSSR: Central Server for Statistical Reporting • Requirements: • User friendly for small companies filling in statistical forms • Full automation capabilities for big companies using XBRL, XML, file transfer in a complex IT environment with a very high level of security

21. CSSR: Central Server for Statistical Reporting • The solution • a single IT software tool • implemented on server(s) connected to the Internet • dedicated to all kinds of statistical and prudential reports • used by all kinds of reporting agents (financial, non-financial, public, private, big or small companies) • to report to different authorities (central bank, supervisors, NSI)

22. Sample data entry form of a COREP template

23. CSSR: support for interested national banks in Europe • single software • multi-reporting agents & multi-users • multi-domains, multi-surveys, multi-forms based on XBRL • multilevel functionalities (small or big companies) • multilevel security • multilingual • multi-authorities (National Bank, Supervisor, National Accounts) • only used by Belgian authorities • ==> Why not widen the use of CSSR to other authorities in charge of statistical & prudential data collection?

24. Back to EUROPE

25. Agenda • Short Summary of COREP • Short Summary of FINREP • COREP and FINREP in Europe Today • Status and Future of the Projects

26. How to support the national developments? Weekly Conf. Call Yahoogroups 300+ Workshops: 7 editions * 70+ attendees Core Team: Supervisors DE, ES, IT, BE, GR + Non Supervisors Website, News & Communication

27. How to enhance XBRL for the needs of the European supervisors? • Formula Linkbase • Formulas should be part of the taxonomy. • Calculation linkbase is too limited for supervisory needs. • Different national solutions for same problem. • Integration in national taxonomy-extensions • Development at application-level • Versioning • Documentation on changes: • on the base taxonomies • on different versions of the extension taxonomies • between two extension taxonomies?

28. How to enhance XBRL for the needs of the European supervisors? Weekly Conf. Call Yahoogroups 300+ Workshops: 7 editions * 70+ attendees Core Team: Supervisors DE, ES, IT, BE, GR + Non Supervisors Website, News & Communication Participation in the Working Groups of XBRL International

29. Questions • Thank you for your attention! Time for your questions!