Financial Information Exchange system between Banco de España and Credit Entities using XBRL (SIIF) BANCO DE ESPAÑA Mayo 2006
SIIF – Financial Information exchange system XBRL Taxonomía XBRL 2004 Director Plan to apply XBRL 2004 Architecture for XBRL projects 2005 SIIF Project 2003 Pilot Project with appraisal Companies using XBRL
SIIF – Financial Information exchange system International accounting regulation and Basel II International Standard Taxonomy: IFRS-GP New reporting regulation: Circular de Banco de España 4/2004 on December 2004
SIIF – Financial Information exchange system Objective: Development of a system for the credit entities to report their public financial statements to Banco de España As defined in the 4/2004 Circular
SIIF – Financial Information exchange system Credit entities participating in the project: SCH, BBVA, Banco Popular, Banco Cooperativo Español, CECA, Caja Madrid y Caixa
SIIF – Financial Information exchange system Working group created to: –Introduction to the XBRL standard –Present a modular solution –Analyse functional and technical requirements –Describe the final solution in detail
SIIF – Financial Information exchange system
SIIF – Financial Information exchange system
Credit Entities Servicies Banco de España CHANELS HTTP SMTP HTTPS XBRL Conversion BackEnd XBRL reception Taxonomies download SMTP HTTPS HTTP Tools provided by BE XBRL validation XBRL visualization Reporting data consult Error consult
SIIF – Financial Information exchange system
SIIF – Financial Information exchange system
Future steps: Capital requirements information (New Basel II agreement ), based on COREP Consolidated financial information, based on FINREP