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

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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Background

“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

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Basel II, IAS/IFRS …

EC 2006/48 & 49 …

Country 1

Sup. 1

Report 2Report 1

------------------------------------

Country 3Country 2 Country 27

NCB 2 FSA 3 Sup. 27

Report 27

----------------------------------------------------------------------------------------------------------------------------------------------------------------

Report 3

----------------------------------------------------------------------------------------------------------------------------------------------------------------

National Regulation

Transposition into national Legislation

European Law9X,XX% best practices + EU requirements

National Implementation

XBRL challenge!

Global best practices

Flexibility Principle

CEBS

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CEBS XBRL EU: implementation model

Bank

Bank Management

OperationsCounterparties

Collateral…

Report

------------------------------

Supervisor

IS Supervisory

ReportsOther data

……

Presentation, Analysis…

Bank operations, controls….

Basel IIIFRS

to XBRL

from XBRL

Basel IIIFRS

Report

------------------------------

File Transfer (National)

XBRL (Europe)

XBRL (National)

ErrorsErrors

Internet

XBRL National implementation

XBRL Europe

Basel IIIFRS

Basel IIIFRS

Didactic model for explanatory purposes only

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XBRL (optional or compulsory)XBRL (optional or compulsory)

•BelgiumBelgium

•CyprusCyprus

•DenmarkDenmark

•FranceFrance

•FinlandFinland

•GermanyGermany

•ItalyItaly

•LithuaniaLithuania

•Luxemburg Luxemburg

•NetherlandsNetherlands

•Norway, Norway,

•PolandPoland

•SpainSpain

Definitely Other FormatDefinitely Other Format

Austria, Czech, Denmark, Eesti, Austria, Czech, Denmark, Eesti,

Latvia, Portugal, Slovak, Latvia, Portugal, Slovak,

Sweden, UKSweden, UK

Interested in XBRLInterested in XBRL

Hungary, Estonia, Greece, Hungary, Estonia, Greece,

Lithuania, Bulgaria, Italy Lithuania, Bulgaria, Italy

No informationNo information

Source: www.c-ebs.org Source: www.c-ebs.org

European adoption

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IT standards on filing among European Banking Supervisors

XBRL COREP Taxonomy FINREP(IFRS) Taxonomy XBRL Jurisdiction

Belgium Compulsary Belgian extension of COREP version 1.2.4

Belgian extension of FINREP version 1.2

Provisional

Cyprus Compulsory Version 1.2.3 dated 2007-02-02 SIZE ???

Denmark For the future - XBRL based on the EU taxonomy Provisional

Finland Optional Versio 1.2, perustuu EU-tason taksonomian versioon 1.2.4COREP-Fin-taksonomia 30.04.2007

In construction

France Compulsory COREP Extension Taxonomy 05.02.2007 (Version 1.2)

Taxonomy Version 1.2 Provisional

Germany Optional Taxonomy version 1.2.2 Planned Yes

Greece No No No In construction

Ireland  Optional Version 1.2 Taxonomy Version 1.2 Yes

Italy No . In construction

Lithuania Compulsory XBRL 2.1 dimension 1.0 XBRL 2.1 dimension 1.0

Luxemburg compulsory in 2008

Luxembourg XBRL Taxonomy for COREP

Luxembourg XBRL Taxonomy for FINREP

In construction

Netherlands Optional Taxonomy Version 1.2.3 Version 1.2 Yes

Norway Optional Will be 1.2.3 unless a new version is released within first half 2007

In construction

Poland Compulsory Version 1.2 Release 3 Provisional

Spain Compulsory Version 1.2.2 YesSvetlana Shekerdjieva

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Project Management

Weekly

Conf.

Call

Y

ahoogroups 3

00+

Workshops:7 editions *

70+ attendees Website, News &

Communication

Core Team:Supervisors

DE, ES, IT, BE, GR + Non Supervisors

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Welcome to the VIII XBRL Supervisors Workshop!

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CEBS XBRL Resources

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

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Committee of European Banking Supervisors

Expert Group on Financial Information

SubGroup on Reporting

COREP Network

FINREP Network

XBRL NetworkSupervisors: Katrin Schmehl, Panagiotis Voulgaris, Mark Creemers, Victor Morilla, Michele Romanelli, Jacobo Varela, Ignacio Boixo +….

Collaborators: Colm O hAonghusa, Javi Mora +….

CEBS XBRL Reporting Line

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CEBS Contribution to XBRL

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

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XBRL Europe Contribution to CEBS

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…

www.c-ebs.org

www.corep.info

www.finrep.info

Ignacio [email protected] / [email protected] +34 618 52 64 34