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

Application of the Supervisory Review Process CEBS CP03 | May 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

Application of the Supervisory Review Process CEBS CP03 | May Basel II, IAS/IFRS … EC 2006/48 & 49 … Country 1 Sup. 1 Report 2Report Country 3Country 2Country 27 NCB 2FSA 3Sup. 27 Report Report National Regulation Transposition into national Legislation European Law 9X,XX% best practices + EU requirements National Implementation XBRL challenge! Global best practices Flexibility Principle CEBS

Application of the Supervisory Review Process CEBS CP03 | May CEBS XBRL EU: implementation model Bank Bank Management Operations Counterparties Collateral … Report Supervisor IS Supervisory Reports Other data … Presentation, Analysis… Bank operations, controls…. Basel II IFRS to XBRL from XBRL Basel II IFRS Report File Transfer (National) XBRL (Europe) XBRL (National) Errors Internet XBRL National implementation XBRL Europe Basel II IFRS Basel II IFRS Didactic model for explanatory purposes only

Application of the Supervisory Review Process CEBS CP03 | May XBRL (optional or compulsory) XBRL (optional or compulsory) Belgium Belgium Cyprus Cyprus Denmark Denmark France France Finland Finland Germany Germany Italy Italy Lithuania Lithuania Luxemburg Luxemburg Netherlands Netherlands Norway, Norway, Poland Poland Spain Spain Definitely Other Format Definitely Other Format Austria, Czech, Denmark, Eesti, Latvia, Portugal, Slovak, Sweden, UK Interested in XBRL Interested in XBRL Hungary, Estonia, Greece, Lithuania, Bulgaria, Italy No information No information Source: European adoption

Application of the Supervisory Review Process CEBS CP03 | May IT standards on filing among European Banking Supervisors XBRLCOREP TaxonomyFINREP(IFRS) TaxonomyXBRL Jurisdiction BelgiumCompulsaryBelgian extension of COREP version Belgian extension of FINREP version 1.2 Provisional CyprusCompulsoryVersion dated SIZE ??? DenmarkFor the future - XBRL based on the EU taxonomyProvisional FinlandOptionalVersio 1.2, perustuu EU-tason taksonomian versioon COREP-Fin-taksonomia COREP-Fin-taksonomia In construction FranceCompulsory COREP Extension Taxonomy (Version 1.2 ) Taxonomy Version 1.2Provisional GermanyOptional Taxonomy version 1.2.2Planned Yes GreeceNo In construction Ireland OptionalVersion 1.2Taxonomy Version 1.2Yes ItalyNo. In construction LithuaniaCompulsoryXBRL 2.1 dimension 1.0 Luxemburgcompulsory in 2008 Luxembourg XBRL Taxonomy for COREP Luxembourg XBRL Taxonomy for FINREP In construction NetherlandsOptionalTaxonomy Version 1.2.3Version 1.2Yes NorwayOptionalWill be unless a new version is released within first half 2007 In construction PolandCompulsoryVersion 1.2 Release 3Provisional SpainCompulsoryVersion 1.2.2Yes Svetlana Shekerdjieva

Application of the Supervisory Review Process CEBS CP03 | May Project Management Weekly Conf. Call Yahoogroups 300+ Workshops: 7 editions * 70+ attendees Website, News & Communication Core Team: Supervisors DE, ES, IT, BE, GR + Non Supervisors

Application of the Supervisory Review Process CEBS CP03 | May Welcome to the VIII XBRL Supervisors Workshop!

Application of the Supervisory Review Process CEBS CP03 | May 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

Application of the Supervisory Review Process CEBS CP03 | May Committee of European Banking Supervisors Expert Group on Financial Information SubGroup on Reporting COREP Network FINREP Network XBRL Network Supervisors: Katrin Schmehl, Panagiotis Voulgaris, Mark Creemers, Victor Morilla, Michele Romanelli, Jacobo Varela, Ignacio Boixo +…. Collaborators: Colm O hAonghusa, Javi Mora +…. CEBS XBRL Reporting Line

Application of the Supervisory Review Process CEBS CP03 | May 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

Application of the Supervisory Review Process CEBS CP03 | May 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…

Ignacio Boixo /