1. XBRL IN SPAIN Federico Flórez CIO - Bank of Spain Managing Director XBRL España

2.  Global markets  XBRL Spain  Goal  Main initiatives  Latinoamerica approach  Conclusions AGENDA

3.  Flexible and integrated System  Reporting and standard Systems  Efficiency  IFRS and Basel II  Anti-Money Laundering Systems  Business continuity XBRL SpainGoal Main initiatives Latinoamérica approach Conclusions Global Markets

4. Standards systems  Normalization and standardization provide processes homogenization and communications systems of the credit organizations.  Barrier created for the technological dependence by the owners of the systems are removed.  Establishment of standards in local systems provides the incorporation of foreign investors.  Local reliable systems, with high level of security and continuity, guarantee an efficient operating and minimize the risk. XBRL SpainGoal Main initiatives Latinoamérica approach Conclusions Global Markets Conclusions

5.  Objectives : Transparency, efficiency  All the stakeholders of the reporting process  Implement projects XBRL is a Country Project XBRL Spain Goal Main initiatives Latinoamérica approach Conclusions Global Markets Conclusions

6. Consolidate XBRL Spain Increase number of members Taxonomies Development Spread XBRL standard Promote activities with Latinoamerica OBJECTIVES XBRL Spain Goal Main initiatives Latinoamérica approach Conclusions Global Markets Conclusions XBRL Spain Goal Main initiativesLatinoamérica approachGlobal MarketsConclusions

7. General Meeting President Strategic Commission Audit Committee General Secretary Facilitator Board Consultancy & Mediation Marketing & Communication Management & Secretary Accounting Basel II Taxonomies Technology Development & Training Vicepresident ORGANIZATIONAL CHART XBRL Spain Goal Main initiativesLatinoamérica approachGlobal MarketsConclusions

8. FOUNDER MEMBERS April 2004 10 CURRENT MEMBERS December 2006 48 OBJECTIVES XBRL Spain Goal Main initiativesLatinoamérica approachGlobal MarketsConclusions

9. XBRL is a country project. That means :  Institutional support Public members Senate motion  Private support  University  Audit participation  IT support XBRL Spain Goal Main initiativesLatinoamérica approachGlobal MarketsConclusions

10. XBRL Spain Goal Main initiativesLatinoamérica approachGlobal MarketsConclusions Dirección General de Coordinación Financiera con las Entidades Locales  Institutional Support: Public members

11. XBRL Spain Goal Main initiativesLatinoamérica approachGlobal MarketsConclusions  Institutional Support: Senate motion MOCIÓN Es por lo que el Senado insta al Gobierno a: 1º- Impulsar el estándar abierto XBRL, en el marco de la presente legislatura, en colaboración con las Comunidades Autónomas y Corporaciones Locales que lo deseen, así como con el sector privado, en la aplicación de dicho formato, de forma progresiva, en los distintos ámbitos de su responsabilidad. 2º- Encomendar por el Gobierno a una Entidad o Consorcio de Entidades para que, en el plazo de seis meses, pueda efectuar el desarrollo, control y homologación de las taxonomías necesarias en función de la normativa contable nacional y europea que permitan la actualización tecnológica del lenguaje financiero de las empresas españolas y de las distintas administraciones públicas Aprobada por unanimidad la moción insta al Gobierno a impulsar el estándar abierto XBRL

12. XBRL Spain Goal Main initiativesLatinoamérica approachGlobal MarketsConclusions  Private support

13. XBRL Spain Goal Main initiativesLatinoamérica approachGlobal MarketsConclusions  University

14. XBRL Spain Goal Main initiativesLatinoamérica approachGlobal MarketsConclusions  Audit participation

15. XBRL Spain Goal Main initiativesLatinoamérica approachGlobal MarketsConclusions  IT support

16.  Taxonomies building and implementation  Education  Center of excellence  Medium and small companies  Communication XBRL Spain Goal Main initiatives Latinoamérica approachGlobal MarketsConclusions

17. 1. Taxonomies building and implementation Spain in European and Global taxonomies Done / Developing DGIGlobal Common DocumentMercantile Registry COREP Common Reporting Committee of European Banking Supervisors Basel II FINREP Financial Reporting Committee of European Banking Supervisors IFRS CBSO-RF Balance Sheet European Committee of Central Balance Sheet Data Offices (III WG) IFRS FLIPA Credit Risk Assessment International Credit Insurance & Surety Association CRAS EBREnhanced Business Report.University Huelva XBRL Spain Goal Main initiatives Latinoamérica approachGlobal MarketsConclusions

18. 1. Taxonomies building and implementation 2005-2007Spanish TaxonomiesDone / Developing IPPPublic Periodic InformationStock Exchange Sup. PGC90GAAP 1990ICAC (Government) SSTProperty Appraisal CompaniesBank of Spain ES-BE-FSFinancial Information Exch.Bank of Spain ES-BE-CBxCentral Balance SheetBank of Spain SEPBLACAnti Money LaunderingBank of Spain BPBalance of PaymentsBank of Spain IGAEPublic Sector AccountingGov. Accounting INEStructural StatisticsNat’l Statistics Institute RSCCorp. Social ResponsibilityAECA (Accountants) LENLOCRendering of AccountsLocal Entities Superv. XBRL Spain Goal Main initiatives Latinoamérica approachGlobal MarketsConclusions

19. 1. Taxonomies building and implementation Corporate Social Responsibility Vision: Reporting on economic, environmental, and social performance by all organizations becomes as routine and comparable as financial reporting. The standard will provide a company with a system to ensure it is properly monitoring its social responsibility. ISO-26000: Designed as a guide to help businesses understand where their responsibilities to various stakeholders begin and end. Initiative of the Spanish Association of Accounting and Business Administration (AECA). XBRL taxonomy on development XBRL Spain Goal Main initiatives Latinoamérica approachGlobal MarketsConclusions

20. 2. Education - E-learning for Stock Exchange Supervisors in Latin America - 1st Edition: April 2007 - Centre of e-learning for the Economic and Technological Development: Foundation baked by the Spanish Ministry of Treasury - IberAmerican Institute of Stock Markets - Organized by the Spanish Stock Exchange Supervision - 6 XBRL modules of 1 week: 4 generic, 2 specific - Successive editions are planned XBRL Spain Goal Main initiatives Latinoamérica approachGlobal MarketsConclusions

21. 3. Center of Excellence  INTECO: Ministry of Industry for IT innovation  Center of experts for developing XBRL projects  Public project for 8.000 city councils for the balance sheets and accounts XBRL Spain Goal Main initiatives Latinoamérica approachGlobal MarketsConclusions

22. 4. Medium and small companies  SW developers for small and medium companies  API´s for XBRL  Project identification XBRL Spain Goal Main initiatives Latinoamérica approachGlobal MarketsConclusions

23. 5. Communication Repository for information on XBRL projects around the world latest ‘wiki’ technology enabling easy and flexible updating of information by project managers themselves Completed projects, projects in development and planned activities, all types of projects, including public sector, commercial and academic. Information in languages other than English Source for an official list of projects on the XBRL site easily accessible, in a flexible and simply followed format, to the growing number of people interested in XBRL www.wikixbrl.org XBRL Spain and the University of Bucaramanga in Colombia (Ph. D. Eduardo Carrillo) will administer the wiki site XBRL Spain Goal Main initiatives Latinoamérica approachGlobal MarketsConclusions

24. XBRL XBRL Spain Goal Main initiatives Latinoamérica approach Global MarketsConclusions

25. Education XBRL XBRL on line ASBA course CEMLA course Initiatives XBRL: Argentina, Brazil, Colombia, Bolivia, Chile, Mexico XBRL projects reference XBRL Spain Goal Main initiatives Latinoamérica approach Global MarketsConclusions

26.  Global markets means standards  XBRL is the standard for reporting business information  XBRL is a country project  Education and projects means the way to implement XBRL Spain Goal Main initiativesLatinoamérica approachGlobal Markets Conclusions CONCLUSIONS