EU Initiatives and Challenges. Commission
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EU Initiatives and Challenges. Commission's Perspective. Piotr Madziar – EU Internal Market. XBRL Week May, 2012, Madrid. 22/05/12. Context. EU Timeline XBRL Governance Structure and powers Challenges Solutions?. EU Timeline – Recap on history (selected events). XBRL Governance.

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Eu initiatives and challenges commission s perspective

EU Initiatives and Challenges. Commission's Perspective

Piotr Madziar – EU Internal Market

XBRL Week May, 2012, Madrid

22/05/12


Eu initiatives and challenges commission s perspective

Context

  • EU Timeline

  • XBRL Governance

  • Structure and powers

  • Challenges

  • Solutions?


Eu initiatives and challenges commission s perspective

EU Timeline – Recap on history (selected events)


Eu initiatives and challenges commission s perspective

XBRL Governance

Code Lists

Taxonomies

Core Vocabularies

Metadata

Political Sponsorship

Semantics

Legislation

Strategic Alignment

XBRL

Legal

Coordination

Structure & Resources

Staff

Expertise

EU Legal Framework

$$

Grants & Budgets


Eu initiatives and challenges commission s perspective

Structure and powers

  • INFSO – ICT governance, eGov services, interconnectivity, SBR

  • DIGIT – semantic interoperability

  • MARKT – legislation (banking, supervision, BR, Mkts transparency, Accounting), IFRS

  • EUROSTAT – SSR

  • ENTR, ECB…


Eu initiatives and challenges commission s perspective

Challenges

  • ESAs – resources, crisis resolution, cross – sectorial alignment

  • COM – last resort authority, technical legislation, strategic alignment


Eu initiatives and challenges commission s perspective

Solutions

  • Cross-sectorial coordination capacity within COM?

  • Core taxonomies – development and management?

  • External advisory capacity?

  • XBRL clause in all relevant pieces of legislation?

  • XBRL legislation?


Eu initiatives and challenges commission s perspective

Thank you!

Piotr Madziar

European Commission – Internal Market

[email protected]


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