COREP and FINREP Update Committee of European Banking Supervisors XBRL Network Katrin Schmehl...
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Transcript of COREP and FINREP Update Committee of European Banking Supervisors XBRL Network Katrin Schmehl...
COREP and FINREP Update
Committee of European Banking Supervisors XBRL Network
Katrin SchmehlIgnacio Boixo
Bundesbank Munich, 2007-05-09
7th European Banking Supervisors XBRL Workshop
Agenda
COREP Taxonomies Version 1.2.1 to 1.2.4 Bug fixing
Management of new editions COREP and FINREP in Europe
Distribution of the COREP Taxonomy Distribution of the FINREP Taxonomy
Common repository on CEBS extension taxonomies Changes in the formation of the core team Future processing
COREP Taxonomies Version 1.2.1 to 1.2.4
COREP Taxonomy Version 1.2
Releases since October 2006: Version 1.2.1 (2006-10-06) Version 1.2.2 (2006-12-21) Version 1.2.3 (2007-02-02) Version 1.2.4 (2007-04-20)
- Necessary because of bugs found during the extension processes on national taxonomies
- Future changes on the COREP templates are planned
Documentation on changes
All bugs fixed are described in detail on the websitehttp://corep.info/corepTaxonomy/taxonomy.html
History of changes in the COREP-FINREP Technical Documentation
Chapter 8: Changes and Updates
Management of new editions
Evident need of a process to manage new edition because of: Bug fixing New business rules New XBRL specification New functionalities (i. e. formula linkbase)
Terms to be kept: Minimize the XBRL impact of bug fixing Avoid the need of changing the namespace Awareness of different versions in national
extension taxonomies
Numbering of new editions
3 level numbering system
Instances are compatible new release change in the third level
Instances are not compatible new version change in the first or second level(depending on major or minor functional changes)
Changes on the namespace only for new versions each xml file of the taxonomy contains the
release number
<?taxonomy-version x.x.x?>
Access to prior editions
Each supervisor may decide about the upgrade to a new edition Changes in the COREP taxonomy might not affect the
national reporting process Changes are done on national level
All CEBS taxonomy editions are kept available Currently: www.corep.info / www.finrep.info
(as zip files) In the future: www.c-ebs.org
(addressable at the URL:http://www.c-ebs.org/eu/fr/esrs/corep/2006-07-01/vrl.1.2.4/[filename])
Access to prior editions
See Document CX-076:
COREP and FINREP Taxonomies Management of new editions
To be made soon available at www.corep.info
Approved by the Subgroup of Reporting of the Committee of European Banking Supervisors
COREP and FINREP in EUROPE
Very likely XBRLDefinitely Other FormatInterested in XBRLNo information
Distribution of the COREP Taxonomy
Country Taxonomy Version XBRL
Belgium 1.2.4 Compulsory
Bulgaria Planned -
Cyprus 1.2.3 Compulsory
Germany 1.2.3 Optional
Spain 1.2.2 Compulsory
Finland 1.2.3 Optional
France 1.2 Compulsory
Ireland 1.2 Optional
Lithuania - Compulsory
Luxembourg - optional in 2007, compulsory in 2008
Netherlands 1.2.3 Optional
Norway 1.2.3 Optional
Poland 1.2.3 Compulsory
Distribution of the FINREP Taxonomy
Country Taxonomy Version XBRL
Belgium Belgian extension of FINREP version 1.2
Compulsory
Bulgaria Planned -
Germany Planned -
France 1.0 Compulsory
Ireland 1.0 Optional
Lithuania - Compulsory
Luxembourg - Compulsory
Netherlands 1.0 Optional
Poland 1.0 Compulsory
www.corep.info for updates
Common repository on Extension Taxonomies
Links of COREP as well as FINREP extension taxonomies are listed at www.corep.info and www.finrep.info
Enables external parties to reach the extensions on CEBS taxonomies
Publication also on the CEBS website www.c-ebs.org
Participation
www.corep.info and www.finrep.info are a single website with updated information
Yahoo email lists are open for further participants in addition to the 300+ current participants
Weekly conference call each Thursday at 10:30 a.m. (CET)
Volunteers welcome!
Core Team at 2007-05-09
Ignacio Boixo
Daniel Hamm
Marc Creemers
Javi Mora
Michele Romanelli
Katrin Schmehl
Victor Morilla
Jacobo Varela
PanagiotisVoulgaris
PatrickAmis
Changes in the formation of the core team
DanielMagdalenaCore team
Javi Colm [English Proofreader]
Challenges for supporters
Project Content Manager
Webmaster
Newsletter Editor
LegalAdviser
TaxonomyReviewer
TestingManager
Best PracticesEditor
Bug TrackingManager
Versioning WG Member
Formula WG Member
Control Version System Manager
TaxonomyAcknowledgment
ManagerTools Manager
Intellectual Property
COREP and FINREP are trade marks according to the European Law
COREP and FINREP deliverables are copyrighted in favor of CEBS Secretariat Ltd., UK
COREP and FINREP deliverables are made available free of cost to all European and not European XBRL practitioners
COREP may be a starting point for other Basel II approaches
Solvency II may take advantages on the developments made by COREP
Future processing
Maintenance of the CEBS taxonomies Adoption of changes in the COREP and FINREP frameworks Bug fixing
Participation in the Formula and Versioning WG
Disseminating information about CEBS XBRL developments around Europe
Questions
Thank you for your attention!
Time for your questions!