Information Systems and Processes Proposal for IFRS / CRD group Consolidation Scopes in FINREP Víctor Morilla VIII European Banking Supervisors XBRL Workshop Amsterdam November 2007

INFORMATION SYSTEMS AND PROCESSES 2 The problem Some banking groups include insurance and other non-financial entities FINREP templates do not include possibility to register these activities Some countries are willing to extend some FINREP templates at their extensions The FINREP network has established a set of guidelines (answer to the question 1/2007)

INFORMATION SYSTEMS AND PROCESSES 3 Proposed solution Additional set of taxonomy files including a new dimension: Activity Default dimension value: IFRS Scope No changes on core FINREP taxonomy files No links between primary items and the new dimension (no template files) Countries should define this link at their extension

INFORMATION SYSTEMS AND PROCESSES 4 Additions FINREP (core) Extension Extensions Primary items Template Extension files Template files Activity Dimension Core dimensions

INFORMATION SYSTEMS AND PROCESSES 5 Advantages No impact on extension taxonomies Elements reused Reduction of reporting burden for credit institutions

Information Systems and Processes THANKS FOR YOUR ATTENTION Víctor Morilla