Committee of European Banking Supervisors XBRL Network 15th XBRL International Conference COREP and FINREP: Start of real XBRL reporting in the European Banking Supervision Committee of European Banking Supervisors XBRL Network Daniel Hamm Katrin Schmehl Brief update on the development in the COREP and FINREP-Projects Munich, 2007-06-06

Short Summary of FINREP COREP and FINREP in Europe Today Agenda Short Summary of COREP Short Summary of FINREP COREP and FINREP in Europe Today Status and Future of the Projects

Short Summary of FINREP COREP and FINREP in Europe Today Agenda Short Summary of COREP Short Summary of FINREP COREP and FINREP in Europe Today Status and Future of the Projects

9X,XX% Basel II compatible COREP Background Basel II Directives 2000/12 & 93/6 Country 1 FSA 1 Report 2 Report 1 ------------------------------------ Country 3 Country 2 Country 25 FSA 2 FSA 3 FSA 25 Report 25 ---------------------------------------------------------------------------------------------------------------------------------------------------------------- Report 3 European Law 9X,XX% Basel II compatible Transposition into national Legislation National Regulation National Implementation XBRL challenge!

COREP: COmmon REPorting COREP: Dates & Facts COREP: COmmon REPorting Initiative of the Committee of European Banking Supervisors (CEBS, http://www.c-ebs.org) End of 2004: Decision of CEBS to use XBRL July 2005: First Public Working Draft of Dimensions March 2006: COREP Taxonomy 1.0 October 2006: Start of national extensions 2004 2005 2006 time February 2005: First European Banking Supervisors XBRL Workshop (Madrid) Start of taxonomy development September 2005: III European Banking Supervisors XBRL Workshop (Brussels) First presentation of results to supervisors September 2006: Dimensions 1.0 Recommendation COREP Taxonomy 1.2 (official release to build national extensions)

Taxonomies represent 18 templates COREP: Dates & Facts Taxonomies represent 18 templates Overview and group solvency details (2) Credit Risk (7) Market Risk (6) Operational Risk (3) Current taxonomy version: 1.2.4 (dated 2007-04-20) Several European Banking Supervisors XBRL Workshops took place (latest was the VII Workshop and took place in Munich last month) Official Website: http://www.corep.info

Short Summary of FINREP COREP and FINREP in Europe Today Agenda Short Summary of COREP Short Summary of FINREP COREP and FINREP in Europe Today Status and Future of the Projects

FINREP: FINancial REPorting FINREP: Dates & Facts FINREP: FINancial REPorting FINREP: XBRL representation of the Financial Reporting Framework of the CEBS FINREP is designed for credit institutions that use IAS / IFRS (International Accounting Standards / International Financial Reporting Standards) FINREP taxonomy is an extension of the IFRS-GP taxonomy (developed by the International Accounting Standards Committee Foundation - IASCF) FINREP Taxonomy 1.0 dated 2006-09-30 Current version: 1.2 (dated 2006-12-21)

Goals of COREP and FINREP At first, the goal was the pure development of working taxonomies Early need to integrate European supervisors („end-users“) in the development process Three different types of goals now: Technical goal Allocation of taxonomies Business goal: Encourage / support national supervisors in their XBRL adoption Use of synergy effects „XBRL“ goal Create awareness for XBRL capabilities and benefits across Europe Help in developing the standard according to the project‘s needs

Short Summary of FINREP COREP and FINREP in Europe Today Agenda Short Summary of COREP Short Summary of FINREP COREP and FINREP in Europe Today Status and Future of the Projects

COREP/FINREP in Spain Spain

SIIF: XBRL system of the Bank of Spain 2005: System of interchange of financial information (SIIF) 2006: SIIF is improved to support the New Basel’s Accord Solvency Information National Bank Only XBRL XBRL is the only format allowed, but providing a translation tool Entities to consider providing XBRL directly Translation tool must be maintained xbrl xbrl xbrl Financial entity Financial entity Financial entity txt

Services being provided Providing helper services Instance validation service Instance visualizing service Taxonomy dictionary browser Taxonomy browser Spanish COREP: Commercial XBRL engine for validation Visualization based on XSLT, but using the API of the XBRL engine Bank of Spain: One entity and one period per instance document Front-end Javascript XSLT Javascript XSLT Financial Entity HTML XSLT Processor XBRL XSLT

COREP/FINREP in the Netherlands

e-Line: generic solution for reporting of the Bank of the Netherlands National Statistics Bureau Departments Data-entry Internet Plausibility Data warehouse ECB Data transmission Quality checks Storage Publication BIS Eurostat XML Mathematical Government XBRL

e-Line: Support for reporting entities Overview of reports DNB to be delivered Fill out reports data-entry Importing: XML, XBRL Quality checks: technical and business rules Export to Excel / PDF Multi-user handling

Sample data entry form of a COREP template

e-Line: support for interested national banks in Europe e-Line provides: an web-based tool possibilities to adjust the design to the corporate design of the national bank possibilities to create own reporting forms support for any language an overview of the reporting progress data storage back-up facilities adjustments on reports security (PKI = Public Key Infrastructure) interfaces to back office systems reporting progress (who is late?) re-reporting, correct data, add comments, comparisons changing the status PKI facilitates: Login handling Workstation independency Digital signature with reports DNB uses authentication based on userid and password Strong authentication (e.g. with smartcard) easy to implement

COREP/FINREP in Belgium

CSSR: Central Server for Statistical Reporting Requirements: User friendly for small companies filling in statistical forms Full automation capabilities for big companies using XBRL, XML, file transfer in a complex IT environment with a very high level of security

CSSR: Central Server for Statistical Reporting The solution a single IT software tool implemented on server(s) connected to the Internet dedicated to all kinds of statistical and prudential reports used by all kinds of reporting agents (financial, non-financial, public, private, big or small companies) to report to different authorities (central bank, supervisors, NSI)

Sample data entry form of a COREP template

CSSR: support for interested national banks in Europe single software multi-reporting agents & multi-users multi-domains, multi-surveys, multi-forms based on XBRL multilevel functionalities (small or big companies) multilevel security multilingual multi-authorities (National Bank, Supervisor, National Accounts) only used by Belgian authorities ==> Why not widen the use of CSSR to other authorities in charge of statistical & prudential data collection?

Back to EUROPE Blue  means XBRL is compulsory, optional or planned Brown  these countries will definitely use other formats Light-blue  will maybe implement in the future, representatives took part in the workshops Gray  the CEBS has no information about the adoption of COREP/FINREP or its implementation

Short Summary of FINREP COREP and FINREP in Europe Today Agenda Short Summary of COREP Short Summary of FINREP COREP and FINREP in Europe Today Status and Future of the Projects

How to support the national developments? Weekly Conf. Call Yahoogroups 300+ Workshops: 7 editions * 70+ attendees Core Team: Supervisors DE, ES, IT, BE, GR + Non Supervisors Website, News & Communication

How to enhance XBRL for the needs of the European supervisors? Formula Linkbase Formulas should be part of the taxonomy. Calculation linkbase is too limited for supervisory needs. Different national solutions for same problem. Integration in national taxonomy-extensions Development at application-level Versioning Documentation on changes: on the base taxonomies on different versions of the extension taxonomies between two extension taxonomies?

How to enhance XBRL for the needs of the European supervisors? Weekly Conf. Call Yahoogroups 300+ Workshops: 7 editions * 70+ attendees Core Team: Supervisors DE, ES, IT, BE, GR + Non Supervisors Website, News & Communication Participation in the Working Groups of XBRL International

Thank you for your attention! Questions Thank you for your attention! Time for your questions!