REPORTING: Past & Future Peter MIHALIK

Operations Director European Banking Authority

Statutory Reporting - Past

inconsistent unaligned

unclear

difficult costly

labour-intensive

requirements

reporting

led to

Motivation

Distinctive characteristics

Extended role

EBA Data Point Model

EBA Data Point Model – Initial Motivation

Regulators Financial Institutions

Regulations

Templates

Instructions

Validations

2 4 U ?

# @ * %

4 U 2 !

Information Requirements

EBA Data Point Model – Initial Motivation

Business experts IT experts

Regulations

Templates

Instructions

Validations

Taxonomy

! ?

Data Exchange format

EBA Data Point Model – Basic Function

DPM

Business experts IT experts

Regulations

Templates

Instructions

Validations

Taxonomy

EBA Data Point Model – Iterative Process

DPM Modelling

Checking

Business experts IT experts

Regulations

Templates

Instructions

Validations

Taxonomy

EBA Data Point Model – Extended Role

DPM

Regulations

Templates

Instructions

Validations

Taxonomy

Data Quality

DWH

Integration

Monitoring

Data Collection

Analytical Model

European Banking Authority

Anotated Templates

Decomposed Templates

Analysis Matrix

Basic Metamodel

Sample metadata extraction

COREP templates

FINREP templates

Proof of concept

Public Consultation

Integration

Interim ITS

Advanced Metamodel

DB Quality checks

DPM Database

DPM Architect

tool

Metadata exchange

XBRL

DPM Excel files

SAS procedures

P

Draft FINREP

Taxonomy Architecture

Final ITS

P Analytical model

Instance integration

Taxonomies testing

Integrity checks & loading

ITS map April 2013

5

7

3 1 2 0

4

6

P P

Taxonomy generation

Taxonomies generation

Tool testing

DB Interface

DPM+XBRL evolution

Architecture review

A world-wide standard

Expressive

Ensures high quality data

XBRL as a Reporting Format

Enterprise IT Adoption Cycle

Enterprise IT Adoption Cycle

Adoption cycle graphic © 2012 Simon Wardley and CC BY-SA 3.0.

Enterprise IT Adoption Cycle

Adoption cycle graphic © 2012 Simon Wardley and CC BY-SA 3.0.

Outsiders’ perception

An exclusive club?

XBRL Community

Transparent & Consistent requirements

Wide adoption of XBRL

A large and thriving XBRL community

Statutory Reporting – Future

THANK YOU!