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Eurofiling – Way forward

Eurofiling – Way forward. Timelines from 2011 to 2013. Data point structure for the streamlined COREP and FINREP frameworks, Data Model Interoperable with BSI-MIR statistics Creating a header taxonomy to be used with European taxonomies Creation of the FINREP taxonomy Revision 2

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Eurofiling – Way forward

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  1. Eurofiling – Way forward Timelines from 2011 to 2013

  2. Data point structure for the streamlined COREP and FINREP frameworks, • Data Model Interoperable with BSI-MIR statistics • Creating a header taxonomy to be used with European taxonomies • Creation of the FINREP taxonomy Revision 2 • Finding agreements on Best Practices for an harmonized reporting • Defining proposals on how to deal with proportionality based on an IT perspective Working targets for this year

  3. STREAM 1: • Update of the European COREP tables according to CRD IV • Creation of the COREP taxonomy 1.4.0 for the reporting starting end 2011 (old XBRL architecture) STREAM 2: • Update of the streamlined tables according to CRD IV • Definition of validation rules (descriptive or detailed) • Update of the data point structure • Preparing a mapping between the data model and the COREP tables via Excel sheets • Creation of the streamlined COREP taxonomy with additional formula linkbases (new XBRL architecture) COREP time lines for 2011

  4. REPORTING STARTING IN 2012/12/31: • Update of the European FINREP framework • Update of the data point structure • Creation of the streamlined FINREP taxonomy (new XBRL architecture) for mid of February • Definition of the link to IFRS 9 • Creation of the formula linkbases FINREP time lines for 2011/2012

  5. Topics arisen with changing to the new XBRL architecture and adoption of new XBRL technologies • Definition of user-friendly error messages • Rendering between formulas and the table-based presentation of the frameworks • Creation of prove-of-concept tools, i.e. rendering solution • Finding agreements on open issues for the streamlined reporting, i.e. unique identification of reporting institutions across Europe • Preparation of recommendations on how to handle delta reports or extensions of the new taxonomies • Requesting a new budget FURTHER DELIVERABLES

  6. Save the dates in 2011: Taxonomy Annual Convention. 29 March 2011 XIV European Banking Supervisors Eurofiling XBRL Workshop London, March 30th – 31st European Banking Authority headquarters (alternate date: Brussels, May 20th, Friday) 22nd XBRL International Conference. Brussels, May 17th-19th

  7. www.c-ebs.orgwww.eurofiling.info Ignacio Boixo +34 618526434 boixo@bde.es Katrin Schmehl +49 69 9566 6584 katrin.schmehl@bundesbank.de

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