Presentation on theme: "Harmonization of Frameworks COREPFINREP. Harmonisation of the CEBS frameworks Both frameworks are published by a common organisation –Supervision corporate."— Presentation transcript:
Harmonization of Frameworks COREPFINREP
Harmonisation of the CEBS frameworks Both frameworks are published by a common organisation –Supervision corporate identity, Eases the comprehension for banking institutions implementing both frameworks, Eases the comprehension of IT departments and software vendors dealing with both frameworks, If one framework is known, the other framework shall be intuitively understood, Prevents organisational risks by misinterpretations of structural definitions, Data formats are also being harmonised.
Differences in nomenclature Same meaning of cell colours –grey colour –criss crossed –yellow colour unique definition of positive or negative numbers unique location for clarifications unique location for references unique numbering system unique presentation of validation rules UNIFICATION
Differences in nomenclature
Further commonalities Signs: How to express negative quantities, rules of identification of credit/debit cells… Cell identification Notation for validation rules Proportionality: Potential impact in validation rules. And so on Golden Rule: Working together