SIGD COFINREP – one IT project / two business domains SGCB COFINREP One IT project – two business domains Steering commitee COREP-XBRL 3 juin 2005 Secrétariat général de la Commission bancaire SIGD COFINREP – one IT project / two business domains SGCB
SIGD COFINREP – one IT project / two business domains SGCB 2 One IT project CEBS promotes the XBRL technology => An opportunity to use an open standard and to prepare the progressive evolution of the information system towards new technologies
SIGD COFINREP – one IT project / two business domains SGCB 3 One IT project Supervisory needs in the scope of XBRL => Exchanges of financial reporting between supervisors and banks
SIGD COFINREP – one IT project / two business domains SGCB 4 Two business domains Two european harmonised reportings with brand new type of information (COREP & FINREP) => easier for supervisors and banks to integrate a new technology
SIGD COFINREP – one IT project / two business domains SGCB 5 Conclusion The project COFINREP for COREP & FINREP templates, to receive XBRL instances from banks progressively integrate XML/XBRL tools in our information system (for banks, maybe also)
SIGD COFINREP – one IT project / two business domains SGCB 6 Conclusion economy of scale for supervisors, banks and software industry one technical solution applied for two new business domains with parallel timetables
SIGD COFINREP – one IT project / two business domains SGCB Questions ? Secrétariat général de la Commission bancaire SIGD COFINREP – one IT project / two business domains SGCB