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Overview of the data standards underpinning CRD IV

Overview of the data standards underpinning CRD IV. Víctor Morilla (Banco de España ). The supervision process. Communication of reporting requirements. Target: Accurate data. Transmission of data. Supervisor. Credit institutions. What is XBRL?.

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Overview of the data standards underpinning CRD IV

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  1. Overview of the data standards underpinning CRD IV Víctor Morilla (Banco de España)

  2. The supervision process Communication of reporting requirements Target: Accurate data Transmission of data Supervisor Credit institutions

  3. What is XBRL? • Standard for the definition of financial concepts (taxonomies) Metadata (taxonomy) Assets Credit Type: instant … • Concepts properties • Labels in different languages • References to legal documentation • Tabular views of data • Validation rules • … Cash Credit Type: instant Portfolio Credit Type: instant

  4. What is XBRL? • XBRL is joint effort to create a global dictionary of concepts EBA FINREP Assets Credit Type: instant … ECB BSI Credits with central banks … Spanish GAAP … Cash Credit Type: instant … Portfolio Credit Type: instant Held to maturity investments …

  5. What is XBRL? • Standard to exchange data according to those definitions (instances) Metadata (taxonomy) XBRL 2.1 Assets Credit Type: instant … Cash Credit Type: instant Portfolio Credit Type: instant Acme 2008/12 Assets… 100.000€ Cash…… 55.000€ Data (instance document)

  6. Portfolio Amortized costs 100 € (prec 3) t Dec 2007 Debt securities Category of assets Identifying Data Amount type: Carrying amount XBRL Dimensions

  7. Net carrying amount of not yet impaired but already past due (over 180 days but less than a year) debt securities held, issued in EUR by MFIs located in EMU with original maturity under one year, measured at amortized cost and relating only to business activities conduced in EU Excerpt from BRAG DPM Introduction slides

  8. Dictionary of concepts Data Point Model methodology

  9. Getting the right picture… Table Linkbase

  10. Checking the quality of data Communication of reporting requirements + validation rules XBRL Formulae Validation rules used already In the development process Validation rules applied before official filing Supervisor Credit institutions

  11. Taxonomy structure Common layer Dictionary of concepts Labels References Presentation hierarchies Basic calc. relationships Framework specific layer FINREP 2013 COREP 2013 Tables Tables Required data sets Table context labels Graphical disposition Validation rules

  12. Taxonomy Architecture Abstract description of the information represented in the taxonomy • http://www.eurofiling.info/finrepTaxonomy/DPM-Formal-Model.pdf How these information is represented in XBRL taxonomies • http://www.eurofiling.info/finrepTaxonomy/EBA-DPM-XBRL-Mapping.pdf

  13. Summary • Definition of financial concepts • XBRL 2.1 • XBRL Dimensions • DPM methodology • Communication of reporting requirements and graphical representation • Table Linkbase • Definition of quality checks • XBRL Formulae

  14. QUESTIONS ?

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