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www.corep.info Building an XBRL Basel II solution in Europe The COREP XBRL project
www.corep.info
Building an XBRL Basel II solution in Europe
The COREP XBRL project
www.corep.info
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
Bank
Risk Management
OperationsCounterparties
Collateral…
Aggregator
Report
------------------------------
Supervisor
IS Supervisory
ReportsOther data
……
Reception
Presentation, Analysis…Bank operations, controls….
XBRL
instance
www.corep.info
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
www.corep.info
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.
www.corep.info
Business case – European framework
Basel II
Directives 2000/12 & 93/6
Country 1
FSA 1
Report 2Report 1
------------------------------------
Country 3Country 2 Country 25
FSA 2 FSA 3 FSA 25
Report 25
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Report 3
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National Regulation
Transposition into national Legislation
European Law9X,XX% Basel II compatible
National Implementation
XBRL challenge!
www.corep.info
Largereport
Mediumreport
COREP concept: extension
Smallreport
Customreport
COREP superset of reports
COREP superset of reports
www.corep.info
COREP concept: template
Dimension 2
Dimension 1
Dimension 3
Dimension 4
Measure MeasureMeasure Measure
Template:
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COREP concept: Data Matrix
EXPOSURE TYPES
STANDARD APPROACH CAPITAL REQUIREMENTS
EXPOSURE CLASSES
All the dimensions are optional!
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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:
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
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COREP project: Test cases flow
Anonymous Information
www.corep.info
Anonymous Comments
Public Repository
COREP-XBRL Group
COLLABORATING INSTITUTIONCOLLABORATING
INSTITUTIONCOLLABORATING INSTITUTION
Excel File
XBRL printout
Doc, Pdf,… Files
2
3
4
5
1
COLLABORATING INSTITUTIONS
SUPERVISORS
XBRL COMMUNITY
OTHERS
XBRL Instance
Anonymous upload
Non compliant test cases
Excel File
Doc File
Mapper
PROJECTMANAGEMENT
Anonymous Information
www.corep.info
www.corep.info
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 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
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Acknowledgments
Name Country Affiliation Name Country AffiliationAdrian Abbott UK FSA Ignacio Boixo ES NCBAlejandro Sanz ES Infodesa Ignacio Hernández-RosES Soft.AGAliki Kazakopoulo GR NCB J. Emilio Labra ES Prof.Dr.Annica Lundblad SE PwC Javier Cobo ES FujitsuAntonio Menchero ES Soft.AG Javier de Andres ES Prof.Dr.Antonio Sánchez-SerranoES NCB Jean-Marie Coudière FR NCBArturo Labanda ES PwC Jesus F. Liger ES AzertiaBryce Pippert USA UBmatrix Johan Giertz SE BankCésar Pérez-Chirinos ES NCB José Luis F. Cuñado ES InfodesaCharles Hoffman USA UBmatrix Josef Macdonald UK IASBCormac McKenna IE Fujitsu Katrin Schmehl DE NCBCristina Mena ES inorme Klaus Baumann DE NCBDaniel D'Amico UK XBRL Krisztina Tamási HU FSADaniel Hamm DE NCB Magdalena Llano ES ScholarDavid Castro ES Azertia Michele Romanelli IT NCBDelphine Moreau FR NCB Olivier Servais BE XBRLDennis Pels NL NCB Pablo Navarro ES Soft.AGDon Inscoe USA FSA Pamela Maggiori IT NCBEmilio Querol ES PwC Panagiotis Voulgaris GR NCBFernando Navarrete ES NCB Paolo Milani IT NCBFernando Wagener ES NCB Pedro Lorca ES Prof.Dr.Francesco Canfora IT Bank Phil Walenga USA UBmatrixFrancisco Flores ES Scholar Ron Baremans NL NCBFrédéric Marie FR NCB Victoria Santillana ES AFIGustavo Garcia ES IBM Walter Hamscher USA XBRL
www.corep.info
Test cases are more than welcome.
Fell free to join the COREP Club!
Thanks for your attention.
