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© National Bank of Belgium FINREP - Taxonomy Status Mark Creemers (FINREP project team, National Bank of Belgium)
© National Bank of Belgium Agenda What is the FINREP-project? Timetable and recent developments Current and Future Issues Updates IFRS-GP taxonomy Versioning / Formulas Modularisation
© National Bank of Belgium What is the FINREP-project?
© National Bank of Belgium Timetable and recent developments Timetable for Taxonomy Start: end of January 2006 Intermediate versions in FINREP yahoo group First "Public Working Draft" (version 0.3): First "Final" version (1.0): Based on IFRS-GP 2005 Based on IFRS-GP 2006 With some TUPLES Without TUPLES
© National Bank of Belgium Timetable and recent developments Timetable for Taxonomy Final version (1.3) to be published very soon! No major changes to PWD expected!
© National Bank of Belgium Current and future issues "Timing-dependent" on IFRS-GP taxonomy IASB: New / Modified IFRS CEBS: adapt FINREP frameworkIASCF: adapt IFRS-GP taxonomy CEBS: adapt FINREP taxonomy National Supervisors: adapt national extensions QUID: IFRS-GP taxo is updated, but FINREP framework not? Close consultation with IASCF needed!
© National Bank of Belgium Current and future issues Versioning Formulas Currently many national solutions for the same problem! = inefficient! = burden for all parties involved! Status to be discussed in the end of the Workshop!
© National Bank of Belgium Modularisation Current and future issues Only 1 Taxonomy (making abstraction from imported IFRS-GP): All elements (primary, hypercubes, dimensions,...) in one schema file and one presentation, definition,... linkbase file
© National Bank of Belgium Modularisation Current and future issues 1 Template taxonomy importing 1 Primary taxonomy and many Dimensional taxonomies: There is only one entry point t-FINREP.xsd This approach was used in monolithic versions "1.0" and "1.2"
© National Bank of Belgium Modularisation Current and future issues Different primary and template taxonomies for each table: There are many entry points t-FINREP-Txx.xsd Used in modular versions "1.0" and "1.2"...
© National Bank of Belgium Modularisation Quid continuing to provide 2 approaches (modularised and monolithic), as for first two versions 1.0 and 1.2? Not a (realistic) option: This might lead to confusion for supervisors and banks! Maintenance: 2 versions = 2 * work! Risk of divergence between monolithic and modular version! There is an easy, suitable solution available! Current and future issues
© National Bank of Belgium Modularisation Current and future issues... "Envelope (one entry point)" taxonomy is equivalent to individual taxonomies: same primary items are (dis)allowed for same dimensions!
© National Bank of Belgium Thank you for your attention!
FINREP - Taxonomy Status
The FINREP Taxonomy Madrid, Thursday 18 May 2006 Mark Creemers (FINREP project team, National Bank of Belgium)
Information Systems and Processes Proposal for IFRS / CRD group Consolidation Scopes in FINREP Víctor Morilla VIII European Banking Supervisors XBRL Workshop.
COREP Project Team Katrin Schmehl Daniel Hamm Deutsche Bundesbank
1 XBRL for Belgian supervisory banking reporting Giancarlo PELLIZZARI Attaché, Banking, Finance and Insurance Commission.
The views expressed in this presentation are those of the presenter, not necessarily those of the IASB or IFRS Foundation. International Financial Reporting.
Committee of European Banking Supervisors XBRL Network
XBRL Versioning Committee of European Banking Supervisors XBRL Network Vice-Chair VWG Katrin Schmehl Amsterdam, th European Banking Supervisors.
COREP and FINREP Update
IFRS Taxonomy Architecture Holger Obst, Maciej Piechocki XBRL project managers.
European Banking Supervision: COREP and FINREP Taxonomies Roadmap
IFRS and XBRL Working Together Lisbon, 8 February 2007 Josef Macdonald IASC Foundation XBRL Practice Fellow.
Monolithic vs modular: decision required Modular –Advantage: ease of definition of a « national to be delivered dataset » (by selecting required instances)
The CBSO project - Experience and issues Madrid, 05 October 2006 Camille Dümm Pascal Rodrique Central Balance Sheet Office.
Track 1 – Banking Supervision XBRL Europe: COREP & FINREP Harmonization Derek De Brandt, Aguilonius Thursday, June 25, 2009.
XBRL Standards – Status Report München, Germany – CEBS Workshop Hugh Wallis Director of Standards Development XBRL International Inc.
Formulae in the European Finrep Taxonomy SGCB IX European Banking Supervisors XBRL Workshop. Formulae in the European Finrep Taxonomy Paris, October 29,
Data Model and Matrix Schemas XI European Banking Supervisors XBRL Workshop in Vienna 19th November 2009 Katrin Schmehl Member of CEBS XBRL Network.
XBRL at the Federal Public Services Finance, Belgium Caroline Dupae, Project lead Kurt Cogghe, Deloitte Consulting 18 th International XBRL Conference.
Finance | Ralfi Vanlaethem | 5 May 2008 | 1 5 May 2008Finance | Ralfi Vanlaethem1 Fortis Group 5 th of May 2008.
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