COREP taxonomy Workshop 7 th -18 th February 2005 Hosted by the Bank of Spain

Agenda CEBS Mandate Goals Organization Timeframe

COREP taxonomy Goals OrganizationTimeframe CEBS Mandate Committee of European Banking Supervisor (CEBS) Established in November 2003 by the European Commission CEBS members are high level representatives from the banking supervisory authorities and central banks of the European Union, including the European Central Bank 25 countries and 46 member organisations, observers from EEA* countries, the European Commission and the Banking Supervision Committee of ESCB (European System for Central Banks) Chairman - José María Roldán Vice Chair - Danièle Nouy Secretary General - Andrea Enria * Iceland, Liechtenstein and Norway

COREP taxonomy CEBS Secretariat Ltd. is established as a company limited by guarantee under English law. Its activities are financed by central banks and supervisory authorities participating in CEBS. The Secretariat supports the Committee and its expert groups, acts as a co-ordinator for consultations, coordinates the co-operation with the Commission and other committees, assists the Chair and the Vice Chair in their public relations activities and representation functions The staff is presently composed of 10 members seconded by the national authorities Goals OrganizationTimeframe CEBS Mandate

COREP taxonomy Standards, guidelines and recommendations The industry, market participants and end-users CEBS Priority areas of work Regulatory advice to the Commission Cross-border mergers in banking The definition of regulatory capital Supervision of liquidity risk Convergence of supervisory practice Supervisory review process Validation of IRB and AMA systems External Credit Assessment Institutions (ECAIs) Common reporting Supervisory disclosure Development of IFRS compliant formats Supervisory guidance for the new IFRS framework Co-operation and information exchange Home/host issues Crisis management Information exchange Goals OrganizationTimeframe CEBS Mandate

COREP taxonomy A data model for the common framework for the solvency ratio reporting* has been designed with the aim of remaining neutral in regard to independent information systems. The recommended solution is based on the XML/XBRL (eXtensible Mark-up Language/eXtensible Business Reporting Language) protocol which will allow banks to take full advantage of the framework. All the required information will be brought together within a data model and templates provided by CEBS. The intention is to complete an XML/XBRL coding for this framework before June (*) own funds and Pillar I capital requirements, credit risk, operational risk and market risk Committee of European Banking Supervisors. Press release 26 January 2005 Mandate CEBS Goals OrganizationTimeframe

COREP taxonomy Bank Risk Management Operations Counterparties Collateral … Aggregator Report Supervisor IS Supervisory Reports Other data … Reception Presentation, Analysis… Bank operations, controls…. Mandate CEBS Goals OrganizationTimeframe

COREP taxonomy Goals allow banks to take full advantage (implement) Goals harmonise the data framework (standard) limiting the burden for small, local banks (easy) institutions will need to adapt (timeframe) financial market integration (desideratum) Goals CEBS Mandate OrganizationTimeframe

COREP taxonomy Deliverables Initial XBRL taxonomy based in COREP data model Set of non-confidential test cases of reports used in instance generation Basic collaborative environment for multinational taxonomy development Out of scope Taxonomy national adaptation Taxonomy approval process Goals CEBS Mandate OrganizationTimeframe

COREP taxonomy Tasks 1.Designs for taxonomy, test cases and environment. 2.Taxonomy building, including "optional dimensions" 3.Study of compatibility with XML, SDMX and SGML derivates 4.Distributed elaboration of test cases of reports 5.Generation and validation of instances 6.Development of the multinational collaborative environment Main steps a)Design the strategy and detail the project plan b)Building taxonomy and test cases c)Instances generation d)Refine taxonomy and test cases Goals CEBS Mandate OrganizationTimeframe

COREP taxonomy Committee of European Banking Supervisors Chairman: Jose-María Roldán COREP taxonomy Steering Committee Chairman: Pierre-Yves Thoraval COREP taxonomy Project Team Coordinator: Ignacio Boixo Facilitators Domain (supervision) Specification (XBRL/XML…) Solution (collaboration) COmmon REPorting Working Group Chairman: Pierre-Yves Thoraval Proposal Organization CEBS Mandate Goals Timeframe

COREP taxonomy Domain: Supervisors and banking experts will define objectives and provide guidance, and also they have to (a) elaborate a set of test cases (b) generate instances and (c) validate results. These tasks should be distributed among several participants in different locations. No limit of participants is envisaged in this track. Specification: XBRL experts will investigate the optimal XBRL strategy, build the taxonomy and test the generated instances. Portability to XML Schema and/or SDMX may be required. A limited number of experts will form the [local] core team of this track. Solutions: All the aspects related with the set up of an useful taxonomy, starting from scratch, have to be carried out in this track. Topics as tools, website, training, developments, information flows, and so on have to be addressed here. Topics related with a suitable implementation of taxonomies are other issue. Teleworking: The plenary sessions, the design tasks, and the taxonomy building requires physical interrelationship. Other tasks may be decentralized, specially the test data elaboration, generation of instances and adjustments, where the remote work is much more convenient. Organization CEBS Mandate Goals Timeframe

COREP taxonomy COREP. PROJECT PLAN TIMEFRAME CX-003 Timeframe CEBS Mandate Goals Organization

COREP taxonomy 7 th February Schedule Start TimePlenary or Track DomainSpecificationSolution 12:30Welcome Sandwich Party 14:00Opening session (Ignacio Boixo): Quick self introductions (All) Context description Vision(s) Team Mission Statement: Deliverables 14:40Whats COREP? (Adrian Abbott/Frederic Marie): Description Data Model 15:40Coffee break 16:00XBRL: An overview for attendants (Walter Hamscher): Rationale Global Description Open Issues related to this work 17:00Welcome words. Federico Flórez. Information Systems Department Director. 17:10Open discussion (Chaired by Ignacio Boixo) 18:00End of day Timeframe CEBS Mandate Goals Organization

COREP taxonomy 8 th February Schedule 9:00Working environment (César Pérez-Chirinos): Facilities available Initial tools catalogue First approach to tele-working support after Plenary QA Strategy 9:30Detailed Self Description: Skills & Interests Inventory (All) 10:30Coffee break 11:00Second Panel: Initial Plan Improvement Suggestions Global Strategies and first assignments to Tracks (Chaired by Ignacio Boixo) 12:00Self organization: Track Chair & Track Secretary nomination Self organization: Track Chair & Track Secretary nomination Self organization: Track Chair & Track Secretary nomination 13:00Buffet Lunch 14:00Global Track Assignment Analysis 16:00Coffee break 16:20Joint End of Day Workshop (Chaired by Ignacio Boixo) 18:00End Of Day Timeframe CEBS Mandate Goals Organization

COREP taxonomy 9 th February Schedule Start TimePlenary or Track DomainSpecificationSolution 9:00Assignment Global Design 10:30Coffee break 11:00Open time: XBRL Experiences & Practical Examples (Interested attendants) (Could include technically oriented Presentations of Tools & Services and/or demos) Tracks Brainstorming & Drafts for Discussion 13:00Buffet Lunch 14:00Joint Global Design Validation 16:00Coffee break 16:30End Of Day Joint Workshop: Global Design Discussion & Refinement: First Solution Proposal 18:00End Of Day Timeframe CEBS Mandate Goals Organization

COREP taxonomy 10 th February Schedule 9:00Global Design Delivera ble(s) Specific ation 11:00Coffee break 11:30Joint Workshop: Global Design Discussion & Refinement: Proposal of Deliverables to Achieve next week 13:00Buffet Lunch 14:00End Of Day 9:00Global Design Refinem ent 11:00Coffee break 11:30Open time: XBRL Experiences & Practical Examples (Cont.) (Interested attendants) Inter-Track meetings & joint work on Global Design 13:00Buffet Lunch 14:00Global Design Delivera ble(s) Specific ation 16:00Coffee break 16:30Joint Workshop: Global Design Discussion 18:00End Of Day 11th February Schedule Timeframe CEBS Mandate Goals Organization

COREP taxonomy 14 th to 18 th February Schedule 9:00Open time: Inter-Track meetings & joint work on Detailed Design 11:00Coffee break 11:30Detailed Design Validation & Refinement 13:00Buffet Lunch 14:00Joint Workshop: Detailed Design Discussion & Refinement 16:00Coffee break 16:30Detailed Design Requirements Specification(s) 18:00End Of Day Timeframe CEBS Mandate Goals Organization

COREP taxonomy Workshop 7 th -18 th February 2005 Open dialogue