THE FINREP XBRL TAXONOMY Status Update Patrick Amis XBRL 13th International Conference Madrid, 17 May 2006

FINREP Taxonomy – Status Update Objectives Timetable Process Future Isues

IT Expert: Business Experts: Building upon: CORE TEAM Mark Creemers Giancarlo Pellizzari Jacobo Varela Patrick Amis Building upon: Corep team advances and developments Belgian experience

OBJECTIVES Reflect FINREP reporting scheme perfectly (could be appreciated) Facilitate adoption / adaptation by national banking supervisors in Europe (and possible adaptation by banks) Be consistent with other IFRS related taxonomies => IFRS-GP taxonomy (IASCF)

2. TIMETABLE Start of work: End of January 2006 Intermediate versions => Yahoo Group => Version 0.24 First working draft for public release => Now! Final version: September 2006? => Some national developments depend on it

3. PROCESS Linking with IFRS-GP - Mapping IFRS-GP / FINREP => Based on IFRS references included in FINREP => Use of IFRS-GP 2004 (2005 not yet available but Finrep based on bound volume 2005!) - Create missing elements - Reference Linkbase => Check consistency with IFRS-GP - Label Linkbase => Issue of translation in other languages

3. PROCESS (continued) 3. FINREP Taxonomy IFRS - References IFRS - GP Schema file IFRS - Labels FINREP - References FINREP - Labels FINREP Schema file FINREP - Presentation FINREP - Calculation FINREP - Definition

3. PROCESS (continued) Issues to consider - Use of dimensions ? => dimensions less necessary in FINREP => not in IFRS-GP at the moment => but certain FINREP aspects are good candidates

4. FUTURE ISSUES 3. PROCESS (continued) Issues to consider - Versioning (IFRS-GP) => Keep up with structure/content of IFRS-GP 2005 - Include Formula linkbase? => Calculation linkbase will be limited at the moment - Registration of Finrep / IP issues

4. FUTURE ISSUES => Maintenance! - Future developments in XBRL - FINREP and FINREP Taxonomy might be impacted by rapidly evolving IFRS