1. Sharing experiences of XBRL projects COREP/FINREP in France
28/03/2017
VI European Banking Supervisors XBRL Workshop, 4th – 5th October 2006, Madrid
Sharing experiences of XBRL projects COREP/FINREP in France
Sylvie LEPICIER
XBRL France

2. Agenda XBRL France COREP FINREP in France Use Cases
Issues and Solutions
Sylvie LEPICIER, XBRL France
VI European Banking Supervisors XBRL Workshop, 4th – 5th October 2006, Madrid

3. XBRL France Members in 2006 (27 members)
IT companies,Software providers, experts
Atos Origin Integration
Cartesis
CEGID
Microsoft France
SopraGroup
Software AG
UBMatrix
Invoke
III - Umanis
LGB Finance
Viveo
Fujitsu
C. Marion
Institutions
Compagnie nationale des Commissaires aux Comptes
Secrétariat Général de la Commission Bancaire (Banque de France)
Conseil National de la Comptabilité
Conseil Supérieur de l’Ordre des Experts Comptables
INSEE
Auditors
PriceWaterhouseCoopers
Financial data provider
COFACE
Companies–Non profit organisations
BNP Paribas
Edificas
PSA Finance
GE Factofrance
OCBF
Groupe Banque Populaire
Groupe Caisse d’épargne
Sylvie LEPICIER, XBRL France
VI European Banking Supervisors XBRL Workshop, 4th – 5th October 2006, Madrid

4. XBRL France – Legal Structure
Not for profit organisation
With Board and Steering Commitee
Phillippe Bonnin - President
Bruno Tesnière – Vice President
Sylvie Lepicier – Treasurer
Jean-Luc Menda – Member of the Board
Gilles Maguet – Secretary General
Sylvie LEPICIER, XBRL France
VI European Banking Supervisors XBRL Workshop, 4th – 5th October 2006, Madrid

5. XBRL France – Working Groups
Taxonomy Working group
French financial statements Taxonomy Working Group with the aim to set up a taxonomy according to French Gaap in coordination with Edificas organisation
IFRS Taxonomy Working Group – Translation of the IFRS Taxonomy
COREP/FINREP Working Group geared by Banking Commission in France
Marcom Croup (events, marketing materials, breakfasts, newsletter, etc.)
Technology Group in support to the other groups
Sylvie LEPICIER, XBRL France
VI European Banking Supervisors XBRL Workshop, 4th – 5th October 2006, Madrid

6. XBRL France – Translation of the IFRS Taxonomy (1/2)
1st step : To Carry out the translation of 4000 elements names of the 2005 IFRS GP Taxonomy
Process : a translation group has been set up between XBRL Belgium, NBB (National bank of Belgium), XBRL France, Banque de France, CNC (Conseil national de la Comptabilité – France) and IASB in July 2006
An intern appointed by XBRL France is in charge of this specific task
The cross-checking is under process between CNC and NBB
Sylvie LEPICIER, XBRL France
VI European Banking Supervisors XBRL Workshop, 4th – 5th October 2006, Madrid

7. XBRL France – Translation of the IFRS Taxonomy (2/2)
To help the checking, all the labels are classified by accounting class (Balance sheet classified, BS liquidity, BS portfolio, Income statement by function, by nature,...)
The FINREP translation is also taken into account
A release in draft wil be probably available for mid october
The final release should be ready for mid-november
Next step : the translation and checking of the 2006 IFRS GP Taxonomy
Sylvie LEPICIER, XBRL France
VI European Banking Supervisors XBRL Workshop, 4th – 5th October 2006, Madrid

8. Agenda XBRL France COREP FINREP in France Use Cases
Issues and Solutions
Sylvie LEPICIER, XBRL France
VI European Banking Supervisors XBRL Workshop, 4th – 5th October 2006, Madrid

9. Banking Regulatory Reporting in France  Before June 2007 : Existing system
SITU.CB :
….AAØØ1Ø3B5A………… ………
Banque de France
(SGCB)
Corporate accounts
BAFI FR GAAP $
Monthly Quarterly …
Annually $
IFRS
BAFI FR GAAP
BAFI IFRS
Consolidated accounts
SGCB : Secrétariat général de la Commission Bancaire
BAFI : Base des Agents Financiers, existing reporting system
Sylvie LEPICIER, XBRL France
VI European Banking Supervisors XBRL Workshop, 4th – 5th October 2006, Madrid

10. Regulatory Reporting in France  After June 2007 : COREP FINREP
Banque de France
(SGCB)
COREP SGCB
BAFI FR GAAP $
(Quarterly) Semi-annually
Annually $
IFRS
BAFI FR GAAP
BAFI IFRS
COREP FINREP
SGCB
Sylvie LEPICIER, XBRL France
VI European Banking Supervisors XBRL Workshop, 4th – 5th October 2006, Madrid

11. Regulatory Reporting in France  COREP FINREP Regulatory Requirement
January 2006
June 2006
June 2007
Oct. 2007
Publication FINREP & COREP CEBS
Publication FINREP & COREP (last project) FRANCE
1st reporting in Paris
Deadline for transmission
(reduced)
Sylvie LEPICIER, XBRL France
VI European Banking Supervisors XBRL Workshop, 4th – 5th October 2006, Madrid

12. Agenda XBRL France COREP FINREP in France Use Cases
Issues and Solutions
Sylvie LEPICIER, XBRL France
VI European Banking Supervisors XBRL Workshop, 4th – 5th October 2006, Madrid

13. Use case 1 French bank with international and european subsidiaries
Project Management
Macro-Analysis
Dictionnary
Fullfillment
Intégration
Pérennization
Maintenance
Mapping
Gap treatment
Sensibilisation Workshops ? ? ?
Sylvie LEPICIER, XBRL France
VI European Banking Supervisors XBRL Workshop, 4th – 5th October 2006, Madrid

14. Use case 1  The main questions at each step
Lexical / Dictionnary :
Questions : how to summarize all the regulations on COREP and FINREP and how to give a correct meaning for the understanding of each party within the bank
French CB instruction (COREP in november and FINREP in June)
CRD directives
Basel 2 texts
IRFS rules
Questions/answers from French Banking Federation (FBF) and Banking Commission
Local bank financial rules referential
DICTIONNARY
Sylvie LEPICIER, XBRL France
VI European Banking Supervisors XBRL Workshop, 4th – 5th October 2006, Madrid

15. Use case 1  The main questions at each step
Mapping :
Once precisely defined the exact meaning of elements, find the way of mapping the data :
Direct mapping : the data already exist in the accounting system or risk systems
The data don’t exist : gap analyses and treatment
Examples :
the breakdown by counterparty
Risk cells for FINREP
New breakdown (ex : 2 years for risk liquidity instead of 1, 3 and 5 years as before)
Gap treatment
Sylvie LEPICIER, XBRL France
VI European Banking Supervisors XBRL Workshop, 4th – 5th October 2006, Madrid

16. Use case 1 The questions regarding the IT architecture for FINREP and COREP reporting
Risk Management
Data
Accounting
and
consolidation
system
Credit risk
Subsidiaries
Xls.xbrl files ?
Risk Management
Data ?
Market risk
FINREP
COREP
Counterparties breakdown
Prudential templates ?
Sylvie LEPICIER, XBRL France
VI European Banking Supervisors XBRL Workshop, 4th – 5th October 2006, Madrid

17. Use case 1 The questions regarding the IT architecture for FINREP and COREP reporting
What is the best organisation to produce COREP and FINREP reportings ?
Head of Finance and Heaf of Risk separately or the financial department, traditionnally in charge og the reporting tasks ?
Which systems to use ?
Legacy systems already operationnal for consolidation and risk management, both of them or a special XBRL tool ?
Reporting systems already operationnal or a new XBRL system as a convertor/validator ?
Which are the controls to enforce for :
Reconciliation of risk data and accounting data
Treatment of gap (COREP and FINREP data required and data available in both systems)
Sylvie LEPICIER, XBRL France
VI European Banking Supervisors XBRL Workshop, 4th – 5th October 2006, Madrid

18. Use case 1 The « state of art » regarding the IT architecture for FINREP and COREP reporting
Most of the time, the financial department is in charge of reporting as before
The data reconciliation between risk and acounting is viewed like as an important parameter in the project
The choice of the XBRL tools (XBRL module of existing systems or new provider for convertor/validator) is still pending at this step
Sylvie LEPICIER, XBRL France
VI European Banking Supervisors XBRL Workshop, 4th – 5th October 2006, Madrid

19. Use Case 2  French bank specialised in consumer credit
Outsourcing
providers
Susidiaries
XBRL tools
Accounting and consolidation systems
Master data base
Business compliance
subsidiaries
Technology compliance
XBRL Tools (viewer,…)
Commission bancaire
Sylvie LEPICIER, XBRL France
VI European Banking Supervisors XBRL Workshop, 4th – 5th October 2006, Madrid

20. Use Case 2  French bank specialised in consumer credit
The main issues identified are :
How to collect data from
subsidiaries (which own their proprietray legacy IT system)
partners (the bank has outsourced most of the back office management tasks)
How to deal with subsidiaries In / outside Europe (COREP/FINREP and non COREP/FINREP)
How to extent the XBRL tools through the whole bank
Sylvie LEPICIER, XBRL France
VI European Banking Supervisors XBRL Workshop, 4th – 5th October 2006, Madrid

21. Agenda XBRL France COREP FINREP in France Use Cases Transversal Issues
Sylvie LEPICIER, XBRL France
VI European Banking Supervisors XBRL Workshop, 4th – 5th October 2006, Madrid

22. The main planning for COREP and FINREP reporting en France
Semi-annual
COREP
Quaterly if total of assets sup 80 milliards euros
If not semi-annually
June Octobre 2007
December Avril 2008
4 months
3 months
June septembre 2008
December Mars 2008
3 months
2 months
NB : As of June about 15 statements have to be sent
As of december about 27 statements
Sylvie LEPICIER, XBRL France
VI European Banking Supervisors XBRL Workshop, 4th – 5th October 2006, Madrid

23. Stream B : Closing process consistency “Fast Close”
Due to the reduction of remittance delay, speed up of data collection and processing are required
Stream B : Closing process consistency “Fast Close”
Speed up of data collection and processing
New tasks to be handled
Risk-accounting data reconciliation process and tool implementation
Co-validation of RWAs
Control of Regulatory reporting
Collection and assembling of Credit, Market and Operational RWA ; new ratio calculation
New tasks to be handled
Risk-accounting data reconciliation process and tool implementation
Co-validation of RWAs
Control of Regulatory reporting
Collection and assembling of Credit, Market and Operational RWA ; new ratio calculation
Sylvie LEPICIER, XBRL France
VI European Banking Supervisors XBRL Workshop, 4th – 5th October 2006, Madrid

24. Dates to keep in mind at the European level  Which agenda should be respected ?
Belgique
Head-office
First date (Finrep 2006, Corep 2008)
Remittance delay : 40 days
Example
France
subsidiary
First date (june 2007)/ frequency : semi-annually, remittance delay (down to 2 months)
AUSTRIA
subsidiary
First date / frequency : quaterly, remittance delay (1 month),
First date / frequency : quaterly, remittance delay (down to 8 days ?), cells asked : all
TCHEQUIE
subsidiary
Basel II : local options / calculation rules (counterparty types ,…) ?
Sylvie LEPICIER, XBRL France
VI European Banking Supervisors XBRL Workshop, 4th – 5th October 2006, Madrid

25. Thank you Muchas gracias
XBRL France
153, Rue de Courcelles
75017 Paris
Sylvie LEPICIER, XBRL France
VI European Banking Supervisors XBRL Workshop, 4th – 5th October 2006, Madrid