1. Ignacio Boixo XBRL Network Co-ordinator, Committee of European Banking Supervisors Head of International Projects, IS Department, Bank of Spain Manager, XBRL Spain Information Technology Committee, European System of Central Banks COREP/FINREP XBRL Update VI Workshop, October 2006

2. Application of the Supervisory Review Process CEBS CP03 | May 2004 2 CEBS News Expert Group on Financial Information decided to create three networks: COREP network: coordinated by Fernando Navarrete (Bank of Spain) FINREP network: coordinated by Marc Pickeur (CBFA) XBRL related-matters network: coordinated by Ignacio Boixo (Bank of Spain)

3. Application of the Supervisory Review Process CEBS CP03 | May 2004 3 SEC News Washington, D.C., Sept. 25, 2006 U.S. Securities and Exchange Commission: $54 million to transform the agencys 1980s-vintage public company disclosure system $48 million to complete the transformation of the old EDGAR database into the new XBRL-capable system over the next year. Complete XBRL Code Writing for U.S. GAAP Financial Statements $5.5 million, contracting with XBRL US Interactive Data Tools for Investors $500,000 www.sec.gov/news/press/2006-158.htm

4. Application of the Supervisory Review Process CEBS CP03 | May 2004 4 Eurostat News XDIS/XBRL project Focus on reporting by enterprises to National Statistics Institutions October 2006 – February 2007: Prepare and perform tests (BE, ES, NL) March 2007: Acceptance analysis April – November 2007: Extension to other domains and countries (maybe IE, LU and SE) Total budget: 3.75 M for budget years 2005->2008 675.000 to pilots and studies on XBRL and other sectoral standards

5. Application of the Supervisory Review Process CEBS CP03 | May 2004 5 European System of Centrat Banks News EXDI project Focus on collecting Banking Information XBRL format: main candidate format

6. Application of the Supervisory Review Process CEBS CP03 | May 2004 6 XBRL Investment (Feb.-May 2005) ConceptNumberUnitsMarket*Cost Secretariat IT developers full time312 months12.000 144.000 - Intl. XBRL advisors310 weeks6.000 60.000 - Business advisors310 weeks3.000 30.000 - Scholars312 months1.000 12.000 - IT support & coordination1050 weeks3.000 150.000 - Attendants on site5050 weeks3.000 150.000 - Attendants off site150260 msg.--- Subtotal staff54 months546.000 - Website & e-mailcorep.info150 - Conference call10 calls100 1.000 300 Meeting rooms220 days1.000 20.000 - Tools, training & develops.50.000 Travels & accommod.75 trips2.000 150.000 Subtotal supplies221.150 300 TOTAL767.150 300 Around three quarter million has been invested until June 2005 by Supervisors and XBRL community (*) Market cost per unit. Source: PwC

7. Application of the Supervisory Review Process CEBS CP03 | May 2004 7 Financial Markets Information society RulesInternet Users Comp. XBRL Financial information brigde

8. Application of the Supervisory Review Process CEBS CP03 | May 2004 8 Basel II, IAS/IFRS … EC 2006/48 & 49 … Country 1 FSA 1 Report 2Report 1 ------------ ------------ ------------ Country 3Country 2Country 25 FSA 2FSA 3FSA 25 Report 25 ----------------------------------------- ----------------------------------------- ----------------------------------------- ------------------------------------- Report 3 ----------------------------------------- ----------------------------------------- ----------------------------------------- ------------------------------------- National Regulation Transposition into national Legislation European Law 9X,XX% best practices + EU requirements National Implementation XBRL challenge! Global best practices Flexibility Principle

9. Application of the Supervisory Review Process CEBS CP03 | May 2004 9 CEBS XBRL: IT implementation model Bank Bank Management Operations Counterparties Collateral … Report XBRL--------------- Supervisor Supervision Reports Other data … to XBRL Taxonomy XBRL Errors Internet from XBRL INDUSTRY Didactic model for explanatory purposes only

10. Application of the Supervisory Review Process CEBS CP03 | May 2004 10 CEBS XBRL EU: implementation model Bank Bank Management Operations Counterparties Collateral … Report ---------- ---------- ---------- Supervisor IS Supervisory Reports Other data … Presentation, Analysis… Bank operations, controls…. Basel II IAS/IFRS App. to XBRL from XBRL Basel II IAS/IFRS App. Report ---------- ---------- ---------- File Transfer (National) XBRL (Europe) XBRL (National) Errors Internet XBRL National implementation XBRL core Basel II IAS/IFRS Basel II IAS/IFRS Didactic model for explanatory purposes only

11. Application of the Supervisory Review Process CEBS CP03 | May 2004 11 Today