1. The European Banking Authority: FINREP and COREP V2.0
19 June 2013 | London
Owen Jones | CRR Taxonomy Project EBA

2. Table Groups - what is in, what is out Taxonomy structure – Modules DPM and XBRL data descriptions Examples of various types of tables Current progress, timeline. How are we doing it (process)

3. Understand Requirements
EBA XBRL Taxonomy
Primary purpose: For data exchange from NSAs to EBA
Regulations
Transmit to EBA
Report to NSA
DPM
Templates
Taxonomy
Transmit to EBA
Instructions
Validations
Understand Requirements
EBA Business experts
EBA IT experts
NSA IT experts
Credit Institutions
Many NSAs will use substantially the same for 1st level reporting

4. EBA XBRL Taxonomy Very Dimensional 286 Primary Items
101 Dimensions, 1500 members
43 of data points use only 1 dimension, none use 0
Extensive use of table link base
Filing indicators used at table level

5. COREP FINREP The Frameworks Capital Adequacy Group Solvency
Credit Risk
IP Losses
Operational Risk
Market Risk
Primary Statements
Assets & Liabilities
Financial Asset Disclosures & Off Balance Sheet
Income & Equity
Financial & Non-Financial Disclosures, OBS
Large Exposures
Leverage
Liquidity Coverage
Net Stable Funding
Forbearance
Non-performance
Asset Encumbrance
...
...
...
...

6. In XBRL One taxonomy / Two “taxonomies”
Common dictionary – same concepts, same dimensions used to categorise things
Different tables, different reporting units (modules).
Large: 1800 files, 100MB

7. The XBRL entry points/modules (Jan 2014)
COREP
FINREP
COREP
FINREP
COREP LE
Capital Adequacy
Group Solvency
Credit Risk
Operational Risk
Market Risk
Leverage Ratio
Liquidity Coverage
Net Stable Funding Ratio
Part 1
Part 2
Part 3
Part 4
Part 5
Large Exposures

8. Contents of each module
COREP
FINREP
COREP
FINREP
COREP LE
51 Templates
81 Tables
669 Validations
Expected file size
30-100MB
68 Templates
77 Tables
658 Validations
Expected file size
5-10MB
2 Templates
2 Tables
13 Validations
Expected file size
1-100MB+

9. Templates vs Tables Table linkbase
Rows/Columns/Sheets must have a unique set of dimensions
Cells are defined by the combination at the intersection
Excel Templates
no restrictions, anything goes
Sometimes to model a template we need to switch the definition of a column for some rows.
This means we need to break up tables into parts:

10. Templates vs tables – example F 29.01

11. Understanding the requirements – from Templates

12. Understanding the requirements – from DPM DB

13. Understanding the requirements – from XBRL

14. Types of tables The frameworks contain many different kinds of tables
Simple two–dimensional tables
Tables with more complex features:
Nested headings
Sheets (z-axes)
Open tables
Open sheets

15. Simple Tables – XBRL (Instance)

16. Complex tables – Nested Headers - XBRL

17. Complex tables – Fixed Sheets - DPM

18. Complex tables – Fixed Sheets - XBRL

19. Open tables – Rows
Also open sheets – e.g. top N currencies/ top N countries

20. ITS Development: Iterative Process
...so far
Templates
Analysis
Modeling
Structure
checks
DPM Excel
Metadata
loading
Quality
checks
DPM Database
Metadata
extraction
In Progress ...
DPM-XBRL
Generator
Generation
Test results
XBRL Taxonomies

21. Current Status
Early access version of the taxonomy is currently being reviewed by NSAs Receiving very useful feedback and corrections Awaiting final business changes to the DPM These will be incorporated, and a public consultation version prepared. Working to a loose target of end August for public consultation

22. Possible Concerns Extensive use of Table Linkbase
Specification is still fluid
Implementations are currently “patchy”
The taxonomy being reviewed is based on the previous PWD
Volume of data, size of instance files, complexity of tables
Performance of tools
Availability of tools suitable for the reporting process
Manual entry / tagging will not be plausible
Integration with accounting / risk management / regulatory reporting systems needed

23. So
Vendors and NSAs
Ensure you are up to date with the Table Linkbase spec
Ensure your tools are ready for volume and complexity
Filers
Ensure you are planning ahead
Devise suitable processes
Contact vendors.

24. Owen Jones

25. Quality Review

26. Simple Tables - DPM

27. Simple Tables – XBRL (Taxonomy)