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Using XBRL: Initiatives of Japanese Financial Institutions
Makoto ShibataVice-Chair, Financial Committee
XBRL JAPAN
Seattle - Nov 5, 2003
1. XBRL Initiatives of Japanese Banks
2. Use of XBRL by Banks
a. Loan Processing
b. Credit Guarantee
c. Regulatory Reporting
d. Internal Processing
3. Impact of e-Filing
4. Challenges and Future
Agenda
1. XBRL Initiatives of Japanese Banks
Financial Committee Established in XBRL JapanSub Working Group for Banks
Discussion Group Formed by Major BanksDiscussion Paper Prepared
Various Projects Starting• Driving Force• e-Filing• Disclosure (Tokyo Stock Exchange, etc.)
2. Use of XBRL by Banks
BorrowerBorrower BankBank
InvestorInvestor
Credit Risk Managemen
t
Accounting
Other BanksOther Banks
GuarantorGuarantor
Financial RegulatorFinancial Regulator
Loan Credit Guarantee
Securitization
Loan Syndication
Regulatory Reporting
Internal Process
2. Use of XBRL by Banks
BorrowerBorrower BankBank
InvestorInvestor
Credit Risk Managemen
t
Accounting
Other BanksOther Banks
GuarantorGuarantor
Financial RegulatorFinancial Regulator
Loan
Credit Guarantee
Securitization
Loan Syndication
Regulatory Reporting
Internal Process
BorrowerBorrower BankBank
InvestorInvestor
Credit Risk Managemen
t
Accounting
Other BanksOther Banks
GuarantorGuarantor
Financial RegulatorFinancial Regulator
Loan Credit Guarantee
Securitization
Loan Syndication
Regulatory Reporting
Internal Process
2. Use of XBRL by Banks
BorrowerBorrower
InvestorInvestor
Credit Risk Managemen
t
Accounting
Other BanksOther Banks
GuarantorGuarantor
Financial RegulatorFinancial Regulator
Loan Credit Guarantee
Securitization
Loan Syndication
Internal Process
Bank
Regulatory Reporting
2. Use of XBRL by Banks
BorrowerBorrower
InvestorInvestor
Credit Risk Managemen
t
Accounting
Other BanksOther Banks
GuarantorGuarantor
Financial RegulatorFinancial Regulator
Loan Credit Guarantee
Securitization
Loan Syndication
Regulatory Reporting
Internal Process
Bank
2. Use of XBRL by Banks
a. Loan Processing
The Bank of Tokyo-Mitsubishi
• Connecting to Loan Processing System
• Efficient Processing of Financial Data
• Preparation for e-Filing
BorrowerBorrower BankBank
Credit Risk Managemen
t
2. Use of XBRL by Banks
b. Credit Guarantee
Project to Digitize Application Process
Small and Medium Enterprise Agency National Federation of Credit Guarantee Corporations
Use of XBRL for Financial Data Discussed
BorrowerBorrower BankBank GuarantorGuarantor
2. Use of XBRL by Banks
c. Regulatory Reporting
Bank of Japan
• Plan for XBRL Reporting
• Support for Promoting XBRL
• Cooperation with XBRL Japan
BankBank
Accounting
Financial RegulatorFinancial Regulator
2. Use of XBRL by Banks
d. Internal Process
Sumitomo Mitsui Banking Corporation • Trade-related Financial Services
• Data Handling in XBRL
• Standardizing Trade Process
BankBank
Trade Finance
2. Use of XBRL by Banks
3. Impact of e-Filing
Tax e-Filing (National Tax Agency) Starting in Limited Area from Feb. 2004 Use of XBRL for Attached Financial Data
(Main Section is in XML)
Accounting Software Packages Preparing XBRL Data Use Expected to Expand
4. Challenges and Future
Beginning of Practical Discussion
- Taxonomy
- Security
- Assurance
- Incentive New World for XBRL in 2004
Turning Point in Japan
Thank You !
Research DirectoreBusiness & IT Initiatives Division
Makoto ShibataVice-ChairFinancial Committee
www.btm.co.jp
