Transcript Building an XBRL Basel II solution in Europe

Building an XBRL Basel II
solution in Europe
www.corep.info
The COREP XBRL project
AGENDA
 Business case
 European Basel II framework
 COREP concept
 Superset of reports
 Data Matrix
 COREP project
 Architecture
 Test cases
 Project team
www.corep.info
Business case: XBRL use on COREP
Supervisor
Bank
Bank operations, controls….
Presentation, Analysis…
IS Supervisory
Risk Management
Report
Aggregator
Operations
Counterparties
Collateral
…
www.corep.info
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XBRL
instance
Reception
Reports
Other data
…
…
Business case - Definition
COREP:
defining a COmmon REPorting framework
around the solvency ratio for credit
institutions and investment firms under the
European Union Capital Requirements.
(Based on Basel II, Pillar I)
Committee of European Banking
Supervisors www.c-ebs.org
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Business case - requirements
Flexibility: each supervisor is allowed to choose the
scope as well as the level of aggregation of information
required; the framework will allow for flexibility also to
accommodate for differences in the exercise of the
national options foreseen in the Capital Requirements,
for instance with reference to the treatment of small
institutions;
Consistency: the same concepts and terminology have
been used as far as possible;
Standardisation: the number of different templates has
been minimised.
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Business case – European framework
Basel II
European Law
9X,XX% Basel II compatible
Directives 2000/12 & 93/6
Country 1
Country 2
Country 3
Transposition into
national Legislation
Country 25
National Regulation
FSA 1
FSA 2
FSA 3
FSA 25
National Implementation
Report 1
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Report 2
Report 3
Report 25
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XBRL challenge!
COREP concept: extension
COREP
superset of reports
Custom
report
Sreport
mall
Medium
report
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Large
report
COREP concept: template
Template:
Dimension 2
Dimension 1
Measure
Dimension 3
Dimension 4
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Measure
Measure
Measure
COREP concept: Data Matrix
All the dimensions are optional!
EXPOSURE
TYPES
STANDARD APPROACH
CAPITAL REQUIREMENTS
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EXPOSURE
CLASSES
COREP project: goals
Deliverables
 Initial COREP XBRL taxonomy
 Set of non-confidential test cases
 Basic collaborative environment
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COREP Project: forecast by January 21st
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COREP project: Architecture
 Initial XML/XBRL taxonomy based in COREP
 Technological challenge
 17 Dimensions
 Exposure type, Exposure classes, Risk weights…
 24 Measure sets
 Exposure value, Capital requirements, …
 26 Templates (Dimensions x Measures)
 IRB Capital requirements, IRB Capital requirements…
 Taxonomy description at www.corep.info
 Simplest solution for the easiest implementation
 Key XBRL “gurus” are participating in COREP
www.corep.info
COREP project: Test cases
Set of non-confidential test cases:
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Anonymous: No reputation risk
Public: to be used everywhere
Early involvement of banks & users
Hands-on experience in COREP
Quality control of XBRL taxonomies
As simple as fulfilling a spreadsheet but…
With the intrinsic complexity of Basel II
COREP project: Test cases flow
Anonymous Information
Anonymous
Information
[email protected]
COREP-XBRL Group
2
1
COLLABORATING
INSTITUTION
COLLABORATING
INSTITUTION
COLLABORATING
INSTITUTION
e-mail
Doc, Pdf,…
Files
Excel File
Anonymous
upload
Doc
File
3
Excel
File
Mapper
XBRL
printout
XBRL
Instance
4
COLLABORATING
INSTITUTIONS
www.corep.info
SUPERVISORS
XBRL COMMUNITY
OTHERS
5
Public
Repository
Anonymous
Comments
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Non
compliant
test cases
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COREP project: Request for testing
Common framework for the reporting of the solvency ratio (COREP) by credit institutions
To test the COREP XBRL project, institutions are invited to participate by providing test data on a
best effort basis. Please visit www.corep.info for details.
Who can participate? Any institution that has access to data of banking activities, like for
example, credit institutions, consultant firms or any other party interested in participating.
How to participate? Institutions should provide test cases using this spreadsheet
(www.corep.info/documents/coreptest.zip) and attaching all the relevant documentation
associated. No XBRL knowledge is necessary!
Collaborating institutions will acquire through their participation in this process:
 A deeper and better understanding on the COREP reporting framework for the solvency
ratio.
 A chance to provide comments on how the proposed framework works. This may help
institutions to provide comments on the CEBS consultation paper.
 An early knowledge about the availability in their systems of the information that will be
required in the future for solvency reporting.
The collaboration in this open process will also allow the Institutions to benefit from the
experiences, comments, suggestions and questions posed by other members of the banking
industry, market participants and XBRL experts.
Questions? e-mail to [email protected]
www.corep.info
COREP project team
Basic collaborative environment
 Multinational project team
 50 participants from 12 countries on kick-off workshop
 Different skills
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Supervisor – business
Supervisor – IT experts
XBRL practitioners
Banks, consultants & providers
University
 Extensive use of Internet tools
 Website www.corep.info
 E-mail list & repository on Yahoo Group
 Conference call
www.corep.info
Acknowledgments
Name
Country
Adrian Abbott
UK
Alejandro Sanz
ES
Aliki Kazakopoulo
GR
Annica Lundblad
SE
Antonio Menchero
ES
Antonio Sánchez-SerranoES
Arturo Labanda
ES
Bryce Pippert
USA
César Pérez-Chirinos
ES
Charles Hoffman
USA
Cormac McKenna
IE
Cristina Mena
ES
Daniel D'Amico
UK
Daniel Hamm
DE
David Castro
ES
Delphine Moreau
FR
Dennis Pels
NL
Don Inscoe
USA
Emilio Querol
ES
Fernando Navarrete
ES
Fernando Wagener
ES
Francesco Canfora
IT
Francisco Flores
ES
Frédéric Marie
FR
Gustavo Garcia
ES
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Affiliation
FSA
Infodesa
NCB
PwC
Soft.AG
NCB
PwC
UBmatrix
NCB
UBmatrix
Fujitsu
inorme
XBRL
NCB
Azertia
NCB
NCB
FSA
PwC
NCB
NCB
Bank
Scholar
NCB
IBM
Name
Country
Ignacio Boixo
ES
Ignacio Hernández-RosES
J. Emilio Labra
ES
Javier Cobo
ES
Javier de Andres
ES
Jean-Marie Coudière FR
Jesus F. Liger
ES
Johan Giertz
SE
José Luis F. Cuñado
ES
Josef Macdonald
UK
Katrin Schmehl
DE
Klaus Baumann
DE
Krisztina Tamási
HU
Magdalena Llano
ES
Michele Romanelli
IT
Olivier Servais
BE
Pablo Navarro
ES
Pamela Maggiori
IT
Panagiotis Voulgaris
GR
Paolo Milani
IT
Pedro Lorca
ES
Phil Walenga
USA
Ron Baremans
NL
Victoria Santillana
ES
Walter Hamscher
USA
Affiliation
NCB
Soft.AG
Prof.Dr.
Fujitsu
Prof.Dr.
NCB
Azertia
Bank
Infodesa
IASB
NCB
NCB
FSA
Scholar
NCB
XBRL
Soft.AG
NCB
NCB
NCB
Prof.Dr.
UBmatrix
NCB
AFI
XBRL
Test cases are more than welcome.
Fell free to join the COREP Club!
Thanks for your attention.
www.corep.info