Overview of the data standards underpinning CRD IVVíctor Morilla (Banco de España)

The supervision process

2

Credit institutionsSupervisor

Communication of reporting requirements

Transmission of data

Target:Accurate

data

3

What is XBRL? Standard for the definition of financial

concepts (taxonomies)

Metadata (taxonomy)

AssetsCreditType: instant…

CashCreditType: instantPortfolio

CreditType: instant

– Concepts properties– Labels in different languages– References to legal documentation– Tabular views of data– Validation rules– …

4

What is XBRL? XBRL is joint effort to create a global

dictionary of concepts

EBA FINREP

AssetsCreditType: instant…

CashCreditType: instant

PortfolioCreditType: instant

ECB BSI

Credits with central banks…

Held to maturity investments…

Spanish GAAP

…

…

5

What is XBRL? Standard to exchange data according to

those definitions (instances)

Metadata (taxonomy)

AssetsCreditType: instant…

CashCreditType: instantPortfolio

CreditType: instant

Acme 2008/12Assets… 100.000€Cash…… 55.000€

Data (instance document)

XBRL 2.1

Identifying Data

6

t

Category of assets

Portfolio

100 € (prec 3)

Debt securities Dec 2007

Amortized costs

Amount type: Carrying amount

XBRL Dimensions

Net carrying amount of not yet impaired but already past due (over 180 days but less than a year) debt securities held, issued in EUR by MFIs

located in EMU with original maturity under one year, measured at amortized cost and relating only to business activities conduced in EU

Excerpt from BRAG DPM Introduction slides

Base term: AssetsCategory: Debt securitiesPortfolio: Amortised costAmount type: Carrying amountImpairment status: UnimpairedPast due period: ≥ 180 days < 1 yearOriginal currency: EUROriginal maturity: < 1 yearCounterparty sector: MFIsCounterparty residence: EMULocation of activity: EUTime reference: Current period end

Dictionary of concepts

Categories:Total (…)

CashLoansDebt securitiesEquity instrumentsTangible and intangibleOther than (…)

Counterparty sectors:All / Not-applicable

MFIsMMFsMFIs other than MMFs

Central AdministrationOther general governmentNon-MFIs other than government

Original maturity:All

< 1 year≥ 1 year < 2 year≥ 2 years

Counterparty residences:All / Not-applicable

EMUOther than EMU (…)

Original currencies:All / Not-applicable

EUROther than EUR

Locations of activities:All / Not-applicable

EUOther than EU (…)

Amount types:Carrying amount

Gross carrying amount(Specific allowances)(Collective allowances)

Base terms:AssetsLiabilitiesEquityOff-balance sheetExposures

Portfolios:Total (…)

Fair value through profit or lossAmortised cost

Impairment status:All / Not-applicable

ImpairedUnimpaired

Past due periods:All

< 180 days≥ 180 days < 1 year≥ 1 year

Base term: AssetsCategory: Debt securitiesPortfolio: Amortised costAmount type: Carrying amountImpairment status: UnimpairedPast due period: ≥ 180 days < 1 yearOriginal currency: EUROriginal maturity: < 1 yearCounterparty sector: MFIsCounterparty residence: EMULocation of activity: EU

Time reference:Current period endPrevious period endCurrent period

Time reference: Current period end

Data Point Modelmethodology

Getting the right picture…

Table Linkbase

Checking the quality of data

10

Credit institutionsSupervisor

Communication of reporting requirements

+ validation rules

Validation rules used alreadyIn the development process

Validation rules applied before official filing

XBRL Formulae

11

FINREP 2013

Tables

COREP 2013

Tables

Taxonomy structure

Commonlayer

Dictionary of concepts

Labels References

Presentation hierarchies

Basic calc.relationshi

ps

Required data sets

Validation rules

Table contextlabels

Framework specific layer

Graphical

disposition

Taxonomy ArchitectureAbstract description of the information

represented in the taxonomy• http://www.eurofiling.info/finrepTaxonom

y/DPM-Formal-Model.pdfHow these information is represented in

XBRL taxonomies• http://www.eurofiling.info/finrepTaxonom

y/EBA-DPM-XBRL-Mapping.pdf

Summary- Definition of financial concepts

XBRL 2.1 XBRL Dimensions DPM methodology

- Communication of reporting requirements and graphical representation Table Linkbase

- Definition of quality checks XBRL Formulae

13

QUESTIONS ?