1 XBRL in Luxembourg October 2006 J.-L. Franck IT Manager CSSF, Luxembourg October 4, 2006.

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Presentation transcript:

1 XBRL in Luxembourg October 2006 J.-L. Franck IT Manager CSSF, Luxembourg October 4, 2006

2 Activities on a national level Luxembourg jurisdiction in constitution (XBRL Luxembourg a.s.b.l.) Partners: institutions and organisations (Bankers association, regulators, Luxembourg Stock Exchange, …) 2 concrete projects

3 COREP / FINREP reporting Prepared by CSSF (Luxembourg banking and financial sector regulator) Introduction in 2007 (voluntary) resp (mandatory) Detailed in CSSF Circular 06/251 Copy of data goes to BCL (central bank)

4 Circular 06/251 XBRL format mandatory Publication of taxonomies early 2007 Just core information, no (significant) extension Further details on « » (Laws/Circulars resp. Legal/Periodic reporting)

5 Open questions Filenaming convention: –Name, reporting month, template? Should the following data be included in the filename or shall we extend the taxonomy? –Name or id of the bank or institution –Information if the bank is exempted from calculating capital requirements for their trading portfolio Return path for information about validation? Further restrictions (only one time period per instance, …) No calculation rules left in « core information »