© 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

1111

Understanding the requirements – from Templates

1212

Understanding the requirements – from DPM DB

1313

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)

1616

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

2020

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

info@eba.europa.euwww.eba.europa.eu

Contact information

Owen Jones

2626

Simple Tables - DPM

2727

Simple Tables – XBRL (Taxonomy)