Transcript XBRL in Practice: Achieving Business Value

XBRL in Practice:
Achieving Business
Value
Martin Henning
U.S. Federal Deposit Insurance
Corporation
Call Reporting Modernization
Project Manager
Call Reporting Modernization Project Goals
Increase efficiency – collection & publication
Increase agency agility
Enhance Call Report data integrity, accuracy,
and consistency
Adopt collaborative, interagency approach to
data collection, validation, processing, and
distribution
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Business Process Change
Legacy
Processor
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Business Process Change
New
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FFIEC Central Data Repository (CDR)
Critical features:
 relies on an open standard for conveying information to
stakeholders
 metadata driven using XBRL taxonomies
 is easily accessed by reporting entities and by FFIEC analysts
 flexible to refine and extend concepts reported, data quality
standards, presentation, and instructions
Expected Results:
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faster exchange of data between banks and FFIEC Call Agencies
resources shared more effectively among FFIEC Call Agencies
easier accommodation of Call Report changes
long-term potential to facilitate bankers’ reuse of data among
multiple regulatory and internal reporting needs
 provides structure for straight-through processing
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Project Status
Implemented system September 2005 Call
Reporting process
All U.S. banks enrolled to submit data online
in XBRL format
Enhancing the system
Contemplating next data series to process
with the system
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CDR System Demonstration
www.FFIEC.gov/FIND
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