© EBA | European Banking Authority

The European Banking Authority: Introduction and status of FINREP and COREP V2.0 12 June 2013 | Stockholm Andreas Weller | Head of IT, EBA Chairmen of XBRL Group EBA

2 2

Context

The CRDIV Implementing Technical Standards will significantly

change the XBRL landscape in the banking sector, across the EEA, on the 1st Jan 2014

3 3

2014 XBRL MAP

>1st level >2nd level

4 4

Supervisory Reporting

5 5

Role of Datapoint Model DPM

supervisor analysis and audit

data

Data requirements + concepts definitions

supervised entity

? Data Model

? XBRL

taxonomy

6 6

Data Exchange FINREP COREP

TAXONOMY Catalogue of concepts, definition of exchanged

information INSTANCE

DOCUMENT Report containing

facts (business data)

DPM Catalogue of

concepts, definition of meta and

business related information

7 7

Interim ITS

•Templates

•Validation Rules

•DPM •Database and explanatory document •Data point definitions •Dimension properties of tables •Dimension usage by table group •Hierarchies •Dictionary of elements

8 8

Explanatory Document

http://www.eba.europa.eu/News--Communications/Year/2013/Update-on-the-technical-standards-on-supervisory-r.aspx

9 9

Dimensional Properties of Tables

10 10

Data Point Definitions

11 11

Dimension Usage by Table Group

12 12

Final ITS

Final package of DPM will result in ITS in June/July This will go to the European Parliament Taxonomy will be build according to ITS

13 13

XBRL

•Taxonomy •FINREP V2.0 •COREP V2.0

•Multi dimensional

•Validation

•Rendering / Table link-base

•According to the latest XBRL standards

14 14

EBA XBRL Subgroup recommendations

• XBRL is the 2nd level data exchange format • Two Taxonomies - FINREP and COREP • All EBA defined validations will be implemented in the

taxonomies • NSAs will be able to provide labels in multiple languages

15 15

Links to CEN Project

• CEN Workshop XBRL proposals will be adopted where they are suitable.

• We will pursue harmonisation with other ESAs via CEN and a common namespace where applicable

• We suggest NSAs using XBRL for 1st level reporting also follow CEN proposals.

16 16

Different Purposes

The DPM and the taxonomy are intended to fulfill different needs!!!!!

17 17

Different Purposes

The DPM and the taxonomy are intended to fulfill different needs: •Business use DPM to clarify and understand the reporting requirements

•NSA IT use taxonomy to transmit data to EBA.

•NSAs may use taxonomy to receive data from Credit Institutions.

18 18

EBA Data Point Model – Motivation

Regulators Financial Institutions

Regulations

Templates

Instructions

Validations

2 4 U ?

# @ * %

4 U 2 ?

19 19

Communication + Clarity

DPM

Regulations

Templates

Instructions

Validations

Regulators Financial Institutions

U42

U42

U42

20 20

ITS map European Banking Authority

Anotated Templates

Decomposed Templates

Analysis Matrix

Basic Metamodel

Sample metadata extraction

COREP templates

FINREP templates

Proof of concept

Public Consultation

Integration

InterimITS

Advanced Metamodel

DB Quality checks

DPM Database

DPM Architect

tool

Metadata exchange

XBRL

DPM Excelfiles

Analytical Platform

P

Draft FINREP

Taxonomy Architecture

Final ITS

PAnalytical model

Instance integration

Taxonomiestesting

Integrity checks & loading

ITS mapApril 2013

5

7

31 20

4

6

PP

Taxonomy generation

Taxonomiesgeneration

Tool testing

DB Interface

DPM+XBRLevolution

Architecturereview

21 21

ITS Development: Iterative Process

...hitherto

finalisation & evolution...

Generation

Test results

Metadata loading

Quality checks

Modeling Analysis

Structure checks

Metadata extraction

Templates

DPM Excel

DPM Database

DPM-XBRL Generator

XBRL Taxonomies

22 22

Quality Review

23 23

The Frameworks

COREP FINREP

Capital Adequacy Group Solvency

Credit Risk IP Losses

Operational Risk Market Risk

Large Exposures

Primary Statements Assets & Liabilities

Financial Asset Disclosures & Off Balance Sheet

Income & Equity Financial & Non-Financial Disclosures,

OBS Leverage

Liquidity Coverage Net Stable Funding

Asset Encumbrance

Forbearance Non-performance

...

...

...

...

24 24

Expected Results

Harmonized EEA Data Transparency Consistency

25 25

Software Vendors

•The market will increase •Please adapt your tools

•Report the capability & compliance of your tools during the public consultation

26 26

European Banking Authority

ITS published

XBRL mandatory for data transfer from NSA to EBA

Majority of NSAs adopt XBRL for

regulatory reporting

XBRL becomes the primary regulatory reporting format

EC adopts parts of FINREP and COREP in its standard taxonomy

Regulatory taxonomies share an EC name space

XBRL regulatory reporting becomes

real time

Vision Timeline

2018

2020+

20162014 20152013

2017

2019

All standard regulatory software for financial

institutions will be compliant to FINREP and COREP as the main data exchange format

FINREP and COREP get used in mobile

computing for other purposes

27 27

European Banking Authority

Floor 18 | Tower 42 | 25 Old Broad Street London EC2N 1HQ | United Kingdom

t +44 (0)20 7933 9900 f +44 (0)20 7382 1771

info@eba.europa.eu www.eba.europa.eu

Contact information

Andreas Weller