STATUS REPORT Rome, 23 th April 2010 Ignacio Boixo and Katrin Schmehl CEBS XBRL Operational Network

New FINREP, updated COREP

COREP rev2 (Jan 2010) XBRL taxonomy

Differential report on COREP 1.3.0

FINREP taxonomy, Public exposure

Transformation of business requirements in an IT oriented structure COREP and FINREP both represent EU Directives by way of a framework of instructions and tables comprising: A set of cells A set of breakdowns The set of valid combinations of cells and breakdowns (facts) The first step from an IT point of view is normalize (in the IT sense) the framework of tables into a formal data model. The formal data model is NOT linked with any specific format (CSV, XML, Flat File, XBRL, OWL…) multidimensional data model

Transformation of business requirements in an IT oriented structure CEBS frameworks Data models CEBS XBRL ON analyses both frameworks - identification of the differences - provision of recommendation - query for solutions to the COREP and FINREP ON

Transformation of business requirements in an IT oriented structure PdAssignedObligorGrade2.365,00 OriginalExposurePreConversionFactors4.568,00 OfWhichArisingFrom1.234,00 Guarantees4.787,00 CreditDerivatives1.234,00 OtherFundedCreditProtection9.564,00 TotalOutflows1.264,00 TotalInflows8.545,00 Institutions Yes Total Exposures On Balance Sheet

Formal Data Model aka DATA POINTS

Best Practices

XBRL Operation Network

Best Practices on Data Definitions

Ongiong Consultation Paper: COREP Harmonisation at IT level CEBS develops and maintains the COREP XBRL taxonomy and recommend the use of XBRL across its Member States in the COREP guidelines. To complement the XBRL taxonomy, CEBS will incorporate and recommend IT best practices on cell definitions in order to standardise conversions to decimal values, precision, percentages, threshold/tolerance margins, identification of reporting institutions, and administrative codes, among other factors.

European Commision requested fundraising 2010 TaskDescriptionBudget T1 & T7 Commercial & Proof of conecpt tools Open call for demos of commercial solutions and a competition for FINREP proof-of-concept IT tools is being planned. This crowdsourcing strategy is suggested by Inforpress Group. 15,000 T2, T5 & T6 Test cases FINREP update Formulae FINREP O. N.: Test cases, validation definitions, Framework update (IAS 39) Contract: FINREP Taxonomy update and Formulae 25,000 T8 Register "Eurofiling" as Trade Mark in Europe3,000 T9 Collaboration Framework T9 Provision of Collaborative Framework, Webmaster and administrative support, for the CEBS XBRL Operational Network 12,000 TOTAL55,000

XBRL Operational Network of the Ignacio BoixoKatrin Schmehl