Presentation is loading. Please wait.

Presentation is loading. Please wait.

The European Banking Authority: FINREP and COREP V2.0

Similar presentations

Presentation on theme: "The European Banking Authority: FINREP and COREP V2.0"— Presentation transcript:

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 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)

Download ppt "The European Banking Authority: FINREP and COREP V2.0"

Similar presentations

Ads by Google