1 Evolution of COREP & FINREP Presented at the: IX European Banking Supervisors XBRL Workshop & Tutorial In: Paris On: 30 th September 2008 By: Ignacio Boixo (Bank of Spain) Member of CEBS XBRL Network

2 Definition EU & national Authorities COREP & FINREP Networks National Supervisors From Inception to Operation National Supervisors 8,000 Banks XBRL Network Supervisory Project Teams Service Companies 8,000 Banks IT Implementation Operation

3 Analysis of simplified reporting procedures Decentralised model vs. one entry point approach Analysis of costs and benefits for cross-border groups and national authorities Analysis of pre-requisites for one entry point approach FSA A FSA B FSA C Bank X FSA A FSA B FSA C Database

4 Analysis of simplified reporting procedures Bank A FSA B Bank C Bank X Legislation Parliament and European Bodies Business Data description CEBS COREP&FINEP Networks + National TaxonomiesCEBS XBRL Network Information Tech. Security Each Supervisor: Digital Signature Communica tion Each Supervisor: SMTP Secu A Insur C BankSecur.Insur. Spain France Belgium

5 Analysis of simplified reporting procedures: 1/N Bank. A FSA B Bank C Bank X Secu A Insu C Signature Format Signature Format Signature Format Signature Format Signature Format Internal System Bank. A FSA B Bank C Secu A Insu C

6 Analysis of simplified reporting procedures: 1/N Bank. A FSA B Bank C Bank X Secu A Insu C Signature Format Signature Format Signature Format Bank. A FSA B Bank C Signature Format Signature Format Signature Format Signature Format Signature Format Internal System Bank. A FSA B Bank C Secu A Insu C

7 Analysis of simplified reporting procedures: 1/N Bank. A FSA B Bank C Bank X Secu A Insu C Signature Format Signature Format Signature Format Signature Format Signature Format Signature Format Bank. A FSA B Bank C Internal System Bank. A FSA B Bank C Secu A Insu C

8 Analysis of simplified reporting procedures: 1/N Bank. A FSA B Bank C Bank X Secu A Insu C Signature Format Signature Format Signature Format Signature Format Bank. A FSA B Bank C Internal System Bank. A FSA B Bank C Secu A Insu C

9 Analysis of simplified reporting procedures: 1/N Bank X Secu A Insu C Signature Format Signature Format Signature Format Bank A FSA B Bank C Bank A FSA B Bank C Signature Format Internal System Bank. A FSA B Bank C Secu A Insu C TARGET2 (Real Time Gross Settlement) Format, Signature and Mail by SWIFT

10 Analysis of simplified reporting procedures: 1/N Bank X Signature Format Signature Format Internal System Secu A Bank A FSA B Bank C Insu C Secu A Bank A FSA B Bank C Insu C Bank. A FSA B Bank C Secu A Insu C TARGET2 Securities (Straight Thru Processing) Format, Signature and Mail by SWIFT

11 Analysis of simplified reporting procedures: 2/N Bank. A FSA B Bank C Bank X Secu A Insu C Signature Format Signature Format Signature Format Signature Format Signature Format Internal System Bank. A FSA B Bank C Secu A Insu C

12 Analysis of simplified reporting procedures: 2/N Bank X Secu A Insu C Internal System Bank. A FSA B Bank C Secu A Insu C Signature Format Signature Format Signature Format Signature Format Bank A FSA B Bank C Signature Format Signature Format Bank A FSA B Bank C European Single Interface European Central Banks XML Service Bus

13 Analysis of simplified reporting procedures: 3/N Bank. A FSA B Bank C Bank X Secu A Insu C Signature Format Signature Format Signature Format Signature Format Signature Format Internal System Bank. A FSA B Bank C Secu A Insu C

14 Analysis of simplified reporting procedures: 3/N Bank A FSA B Bank C Bank X Secu A Insu C Signature Format Signature Format Signature Format Signature Format Signature Format Internal System Bank. A FSA B Bank C Secu A Insu C

15 Analysis of simplified reporting procedures: 3/N Bank A FSA B Bank C Bank X Secu A Insu C Signature Format Signature Signature Format Signature Signature Format Internal System Bank. A FSA B Bank C Secu A Insu C

16 Analysis of simplified reporting procedures: 3/N Bank A FSA B Bank C Bank X Secu A Insu C Signature Format Signature Format Signature Format Internal System Bank. A FSA B Bank C Secu A Insu C

17 Analysis of simplified reporting procedures: 3/N Bank A FSA B Bank C Bank X Secu A Insu C Signature Format Signature Format Signature Format Internal System Bank. A FSA B Bank C Secu A Insu C

18 Analysis of simplified reporting procedures: 3/N Secu A Bank A FSA B Bank C Insu C Bank X Signature Format Internal System Bank. A FSA B Bank C Secu A Insu C Web 2.0

19 Questions? Thank you! 19

Contacts: CEBS Ignacio Boixo: