1. COREP and FINREP Update
7th European Banking Supervisors XBRL Workshop
COREP and FINREP Update
Committee of European Banking Supervisors XBRL Network
Katrin Schmehl
Ignacio Boixo
Brief update on the development in the COREP and FINREP-Projects
Bundesbank Munich,

2. Agenda COREP Taxonomies Version 1.2.1 to 1.2.4 Bug fixing
Management of new editions
COREP and FINREP in Europe
Distribution of the COREP Taxonomy
Distribution of the FINREP Taxonomy
Common repository on CEBS extension taxonomies
Changes in the formation of the core team
Future processing
Since October 2006 several updates on the COREP taxonomy
Short introduction about the acknowledgement of procedure of management new taxonomy editions
Short overview about the distribution of the CEBS taxonomies in Europe
What is planned concerning a common repository
A brief update about the personal situation in the core team
Some words about the future processing in the project

3. COREP Taxonomies Version 1.2.1 to 1.2.4
COREP Taxonomy Version 1.2
Releases since October 2006:
Version ( )
Version ( )
Version ( )
Version ( )
Necessary because of bugs found during the extension processes on national taxonomies
Future changes on the COREP templates are planned
Several new releases on the COREP taxonomies
Resulting in resources for the adoption of these changes in several countries
A new version is first announced in the yahoo group for comments
One or two weeks published in the website
Future changes on the templates will make new releases or versions on the taxonomies necessary

4. Documentation on changes
All bugs fixed are described in detail on the website
All changes can be followed in a separate html page on the website
Which taxonomy
Which files are affected
A short description about what has been changed
Who found the bug
And the severity
severity
High: impact on instances
Medium: no impact on the instance itself but on the validation
Low: change in labels, ids etc. no impact at all
History of changes in the COREP-FINREP Technical Documentation
Chapter 8: Changes and Updates

5. Management of new editions
Evident need of a process to manage new edition because of:
Bug fixing
New business rules
New XBRL specification
New functionalities (i. e. formula linkbase)
Terms to be kept:
Minimize the XBRL impact of bug fixing
Avoid the need of changing the namespace
Awareness of different versions in national extension taxonomies
The CEBS acknowledged a procedure for preparing new editions of a taxonomy
Reasons why a new edition is necessary are:
Minimize the XBRL…  avoidance of cosmetically changes
Avoid the need …  high impact on the preparation of instances
Awareness of …  all versions should be available on the website independently although they contain bugs

6. Numbering of new editions
3 level numbering system
Instances are compatible  new release  change in the third level
Instances are not compatible  new version  change in the first or second level (depending on major or minor functional changes)
Changes on the namespace only for new versions
each xml file of the taxonomy contains the release number
<?taxonomy-version x.x.x?>
A processing instruction is used to add the version number inside each file of a taxonomy so that systems can easily read this information

7. Access to prior editions
Each supervisor may decide about the upgrade to a new edition
Changes in the COREP taxonomy might not affect the national reporting process
Changes are done on national level
All CEBS taxonomy editions are kept available
Currently: / (as zip files)
In the future: (addressable at the URL:
Why is it necessary to have access to prior editions?

8. Access to prior editions
See Document CX-076:
COREP and FINREP Taxonomies Management of new editions
To be made soon available at
Approved by the Subgroup of Reporting of the Committee of European Banking Supervisors
Why is it necessary to have access to prior editions?

9. COREP and FINREP in 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
Very likely XBRL
Definitely Other Format
Interested in XBRL No information

10. Distribution of the COREP Taxonomy
Country
Taxonomy Version
XBRL
Belgium
1.2.4
Compulsory
Bulgaria
Planned -
Cyprus
1.2.3
Germany
Optional
Spain
1.2.2
Finland
France
1.2
Ireland
Lithuania
Luxembourg
optional in 2007, compulsory in 2008
Netherlands
Norway
Poland
13 countries chose XBRL for the COREP reporting or support it beside their previous format

11. Distribution of the FINREP Taxonomy
Country
Taxonomy Version
XBRL
Belgium
Belgian extension of FINREP version 1.2
Compulsory
Bulgaria
Planned -
Germany
France
1.0
Ireland
Optional
Lithuania
Luxembourg
Netherlands
Poland
9 countries are working on the extension on the FINREP taxonomy
for updates

12. Common repository on Extension Taxonomies
Links of COREP as well as FINREP extension taxonomies are listed at and
Enables external parties to reach the extensions on CEBS taxonomies
Publication also on the CEBS website
4 countries have already sent links to their extension taxonomies
Very helpful for external parties
Please send a message to me or so that we are able to add a link to your extension taxonomy on the website
Goal: common repository also on the CEBS website

13. Volunteers welcome! Participation
and are a single website with updated information
Yahoo lists are open for further participants in addition to the 300+ current participants
Weekly conference call each Thursday at 10:30 a.m. (CET)
Volunteers welcome!

14. Core Team at 2007-05-09 Panagiotis Voulgaris Michele Romanelli
Ignacio Boixo
Daniel Hamm
Katrin Schmehl
Marc Creemers
Victor Morilla
We have got a small team for al lot of tasks
A lot of taxonomy reviewer in Europe because of the extension on the taxonomies #
Please send us an via the yahoo group when you find a typo, error etc.
Regular newsletter about the news of CEBS taxonomies would be good also about the news in Europe
Bug tracking tool and therefore someone who is responsible that the bugs are documented and solved in due time
Takes not your full time but really helpful for the ongoing and maintenance or this project
Patrick
Amis
Javi Mora
Jacobo Varela

15. Changes in the formation of the core team
Daniel
Core team
Magdalena
Brief update of the personal situation in the core team
Magdalena has left XBRL Spain and is now working for a Spanish software company
She is being replaced by Javi who is now working for XBRL Spain since one month
We have got an English proofreader who is also willing to take the minutes in the weekly conference calls
Daniel has also left the department responsible for banking supervision and it is unclear how many time he is able to invest in XBRL
Javi
Colm [English Proofreader]

16. Challenges for supporters
Control Version System Manager
Taxonomy Reviewer
Project Content Manager
Webmaster
Testing Manager
Best Practices Editor
Newsletter Editor
Bug Tracking Manager
We have got a small team for al lot of tasks
A lot of taxonomy reviewer in Europe because of the extension on the taxonomies #
Please send us an via the yahoo group when you find a typo, error etc.
Regular newsletter about the news of CEBS taxonomies would be good also about the news in Europe
Bug tracking tool and therefore someone who is responsible that the bugs are documented and solved in due time
Takes not your full time but really helpful for the ongoing and maintenance or this project
Legal Adviser
Taxonomy Acknowledgment Manager
Tools Manager
Formula WG Member
Versioning WG Member

17. Intellectual Property
COREP and FINREP are trade marks according to the European Law
COREP and FINREP deliverables are copyrighted in favor of CEBS Secretariat Ltd., UK
COREP and FINREP deliverables are made available free of cost to all European and not European XBRL practitioners
COREP may be a starting point for other Basel II approaches
Solvency II may take advantages on the developments made by COREP

18. Future processing Maintenance of the CEBS taxonomies
Adoption of changes in the COREP and FINREP frameworks
Bug fixing
Participation in the Formula and Versioning WG
Disseminating information about CEBS XBRL developments around Europe

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