the european banking authority: finrep and corep v2.0
DESCRIPTION
The European Banking Authority: FINREP and COREP V2.0. 19 June 2013 | London Owen Jones | CRR Taxonomy Project EBA. EBA XBRL Taxonomy. Primary purpose: For data exchange from NSAs to EBA. Regulations. Transmit to EBA. Report to NSA. DPM. Templates. Taxonomy. Transmit to EBA. - PowerPoint PPT PresentationTRANSCRIPT
© EBA | European Banking Authority
The European Banking Authority:FINREP and COREP V2.0
19 June 2013 | London
Owen Jones | CRR Taxonomy Project EBA
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EBA XBRL Taxonomy
DPM
EBA Business experts EBA IT experts
Regulations
Templates
Instructions
Validations
Taxonomy
NSA IT experts
Transmit to EBA
Transmit to EBA
Understand Requirements
Credit Institutions
Report to NSA
Primary purpose: For data exchange from NSAs to EBA
Many NSAs will use substantially the same for 1st level reporting
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EBA XBRL Taxonomy
Very Dimensional • 286 Primary Items• 101 Dimensions, 1500 members• 43 of 32000 data points use only 1 dimension, none use 0
Extensive use of table link base
Filing indicators used at table level
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The Frameworks
COREP FINREP
Capital AdequacyGroup Solvency
Credit RiskIP Losses
Operational RiskMarket Risk
Large Exposures
Primary StatementsAssets & Liabilities
Financial Asset Disclosures & Off Balance Sheet
Income & EquityFinancial & Non-Financial Disclosures,
OBSLeverage
Liquidity CoverageNet Stable Funding
Asset Encumbrance
ForbearanceNon-performance
...
...
...
...
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In XBRL
One taxonomy / Two “taxonomies”
• Common dictionary – same concepts, same dimensions used to categorise things
• Different tables, different reporting units (modules).
Large: 1800 files, 100MB
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The XBRL entry points/modules (Jan 2014)
COREP FINREP
Capital AdequacyGroup Solvency
Credit RiskOperational Risk
Market RiskLeverage Ratio
Liquidity CoverageNet Stable Funding Ratio
Large Exposures
Part 1Part 2Part 3Part 4Part 5
COREPLE
COREP FINREP
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Contents of each module
COREP FINREP
51 Templates81 Tables
669 Validations
Expected file size30-100MB
2 Templates2 Tables
13 Validations
Expected file size1-100MB+
68 Templates77 Tables
658 Validations
Expected file size5-10MB
COREP LE
COREP FINREP
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Templates vs Tables
Table linkbase• Rows/Columns/Sheets must have a unique set of dimensions• Cells are defined by the combination at the intersection
Excel Templates• no restrictions, anything goes
Sometimes to model a template we need to switch the definition of a column for some rows.
This means we need to break up tables into parts:
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Templates vs tables – example F 29.01
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Understanding the requirements – from Templates
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Understanding the requirements – from DPM DB
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Understanding the requirements – from XBRL
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Types of tables
The frameworks contain many different kinds of tables
• Simple two–dimensional tables
• Tables with more complex features:• Nested headings• Sheets (z-axes)• Open tables• Open sheets
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Simple Tables – XBRL (Instance)
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Complex tables – Nested Headers - XBRL
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Complex tables – Fixed Sheets - DPM
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Complex tables – Fixed Sheets - XBRL
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Open tables – Rows
Also open sheets – e.g. top N currencies/ top N countries
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ITS Development: Iterative Process
...so far
In Progress ...
Generation
Test results
Metadataloading
Qualitychecks
ModelingAnalysis
Structurechecks
Metadata extraction
Templates
DPM Excel
DPM Database
DPM-XBRL Generator
XBRL Taxonomies
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Current Status
Early access version of the taxonomy is currently being reviewed by NSAs
Receiving very useful feedback and corrections
Awaiting final business changes to the DPM
These will be incorporated, and a public consultation version prepared.
Working to a loose target of end August for public consultation
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Possible Concerns
• Extensive use of Table Linkbase• Specification is still fluid• Implementations are currently “patchy”• The taxonomy being reviewed is based on the previous PWD
• Volume of data, size of instance files, complexity of tables• Performance of tools
• Availability of tools suitable for the reporting process• Manual entry / tagging will not be plausible• Integration with accounting / risk management / regulatory reporting
systems needed
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So
Vendors and NSAs
• Ensure you are up to date with the Table Linkbase spec• Ensure your tools are ready for volume and complexity
Filers• Ensure you are planning ahead• Devise suitable processes• Contact vendors.
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European Banking Authority
Floor 18 | Tower 42 | 25 Old Broad StreetLondon EC2N 1HQ | United Kingdom
t +44 (0)20 7933 9900f +44 (0)20 7382 1771
Contact information
Owen Jones
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Simple Tables - DPM
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Simple Tables – XBRL (Taxonomy)