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COREP taxonomy Workshop 7 th -18 th February 2005 Hosted by the Bank of Spain PowerPoint PPT Presentation


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COREP taxonomy Workshop 7 th -18 th February 2005 Hosted by the Bank of Spain. Agenda. CEBS Mandate Goals Organization Timeframe. CEBS. Organization. Timeframe. Goals. Mandate. Committee of European Banking Supervisor (CEBS) Established in November 2003 by the European Commission

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COREP taxonomy Workshop 7 th -18 th February 2005 Hosted by the Bank of Spain

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Corep taxonomy workshop 7 th 18 th february 2005 hosted by the bank of spain

COREP taxonomy

Workshop

7th-18th February 2005

Hosted by the Bank of Spain


Corep taxonomy workshop 7 th 18 th february 2005 hosted by the bank of spain

Agenda

  • CEBS

  • Mandate

  • Goals

  • Organization

  • Timeframe


Corep taxonomy workshop 7 th 18 th february 2005 hosted by the bank of spain

CEBS

Organization

Timeframe

Goals

Mandate

Committee of European Banking Supervisor (CEBS)

Established in November 2003 by the European Commission

CEBS members are high level representatives from the banking supervisory authorities and central banks of the European Union, including the European Central Bank

25 countries and 46 member organisations, observers from EEA* countries, the European Commission and the Banking Supervision Committee of ESCB (European System for Central Banks)Chairman - José María RoldánVice Chair - Danièle NouySecretary General - Andrea Enria* Iceland, Liechtenstein and Norway


Corep taxonomy workshop 7 th 18 th february 2005 hosted by the bank of spain

CEBS

Organization

Timeframe

Goals

Mandate

  • CEBS Secretariat Ltd. is established as a company limited by guarantee under English law. Its activities are financed by central banks and supervisory authorities participating in CEBS.

  • The Secretariat supports the Committee and its expert groups, acts as a co-ordinator for consultations, coordinates the co-operation with the Commission and other committees, assists the Chair and the Vice Chair in their public relations activities and representation functions

  • The staff is presently composed of 10 members seconded by the national authorities


Corep taxonomy workshop 7 th 18 th february 2005 hosted by the bank of spain

CEBS

Organization

Timeframe

Goals

Mandate

  • Priority areas of work

  • Regulatory advice to the Commission

  • Cross-border mergers in banking

  • The definition of regulatory capital

  • Supervision of liquidity risk

  • Convergence of supervisory practice

  • Supervisory review process

  • Validation of IRB and AMA systems

  • External Credit Assessment Institutions (ECAIs)

  • Common reporting

  • Supervisory disclosure

  • Development of IFRS compliant formats

  • Supervisory guidance for the new IFRS framework

  • Co-operation and information exchange

  • Home/host issues

  • Crisis management

  • Information exchange

The industry,market participantsand end-users

CEBS

Standards, guidelines and

recommendations


Corep taxonomy workshop 7 th 18 th february 2005 hosted by the bank of spain

Mandate

CEBS

Organization

Timeframe

Goals

A data model for the common framework for the solvency ratio reporting* has been designed with the aim of remaining neutral in regard to independent information systems. The recommended solution is based on the XML/XBRL (eXtensible Mark-up Language/eXtensible Business Reporting Language) protocol which will allow banks to take full advantage of the framework.

All the required information will be brought together within a data model and templates provided by CEBS. The intention is to complete an XML/XBRL coding for this framework before June 2005.

(*) own funds and Pillar I capital requirements, credit risk, operational risk and market risk

Committee of European Banking Supervisors.

Press release 26 January 2005


Corep taxonomy workshop 7 th 18 th february 2005 hosted by the bank of spain

Risk Management

IS Supervisory

Operations

Counterparties

Collateral

Reports

Other data

Mandate

CEBS

Organization

Timeframe

Goals

Supervisor

Bank

Bank operations, controls….

Presentation, Analysis…

Report

------------------------------

Reception

Aggregator


Corep taxonomy workshop 7 th 18 th february 2005 hosted by the bank of spain

CEBS

Organization

Timeframe

Goals

Mandate

COREP taxonomy

Goals

harmonise the data framework (standard)

1

allow banks to take full advantage (implement)

2

limiting the burden for small, local banks (easy)

3

Goals

institutions will need to adapt (timeframe)

4

financial market integration (desideratum)

5


Corep taxonomy workshop 7 th 18 th february 2005 hosted by the bank of spain

CEBS

Organization

Timeframe

Goals

Mandate

  • Deliverables

    • Initial XBRL taxonomy based in COREP data model

    • Set of non-confidential test cases of reports used in instance generation

    • Basic collaborative environment for multinational taxonomy development

  • Out of scope

    • Taxonomy national adaptation

    • Taxonomy approval process


Corep taxonomy workshop 7 th 18 th february 2005 hosted by the bank of spain

CEBS

Organization

Timeframe

Goals

Mandate

  • Tasks

    • Designs for taxonomy, test cases and environment.

    • Taxonomy building, including "optional dimensions"

    • Study of compatibility with XML, SDMX and SGML derivates

    • Distributed elaboration of test cases of reports

    • Generation and validation of instances

    • Development of the multinational collaborative environment

  • Main steps

    • a)Design the strategy and detail the project plan

    • b)Building taxonomy and test cases

    • c)Instances generation

    • d)Refine taxonomy and test cases


Corep taxonomy workshop 7 th 18 th february 2005 hosted by the bank of spain

CEBS

Organization

Timeframe

Mandate

Goals

Committee of European Banking Supervisors

Chairman: Jose-María Roldán

COmmon REPorting Working Group

Chairman: Pierre-Yves Thoraval

Facilitators

COREP taxonomy Steering Committee

Chairman: Pierre-Yves Thoraval

COREP taxonomy Project Team

Coordinator: Ignacio Boixo

Specification

(XBRL/XML…)

Domain

(supervision)

Solution

(collaboration)

Proposal


Corep taxonomy workshop 7 th 18 th february 2005 hosted by the bank of spain

CEBS

Organization

Timeframe

Mandate

Goals

Domain:

Supervisors and banking experts will define objectives and provide guidance, and also they have to (a) elaborate a set of test cases (b) generate instances and (c) validate results. These tasks should be distributed among several participants in different locations. No limit of participants is envisaged in this track.

Specification:

XBRL experts will investigate the optimal XBRL strategy, build the taxonomy and test the generated instances. Portability to XML Schema and/or SDMX may be required. A limited number of experts will form the [local] core team of this track.

Solutions:

All the aspects related with the set up of an useful taxonomy, starting from scratch, have to be carried out in this track. Topics as tools, website, training, developments, information flows, and so on have to be addressed here. Topics related with a suitable implementation of taxonomies are other issue.

Teleworking:

The plenary sessions, the design tasks, and the taxonomy building requires physical interrelationship. Other tasks may be decentralized, specially the test data elaboration, generation of instances and adjustments, where the remote work is much more convenient.


Corep taxonomy workshop 7 th 18 th february 2005 hosted by the bank of spain

CEBS

Timeframe

Mandate

Organization

Goals

COREP. PROJECT PLAN TIMEFRAME CX-003


Corep taxonomy workshop 7 th 18 th february 2005 hosted by the bank of spain

CEBS

Timeframe

Mandate

Organization

Goals

7th February Schedule


Corep taxonomy workshop 7 th 18 th february 2005 hosted by the bank of spain

CEBS

Timeframe

Mandate

Organization

Goals

8th February Schedule


Corep taxonomy workshop 7 th 18 th february 2005 hosted by the bank of spain

CEBS

Timeframe

Mandate

Organization

Goals

9th February Schedule


Corep taxonomy workshop 7 th 18 th february 2005 hosted by the bank of spain

CEBS

Timeframe

Mandate

Organization

Goals

10th February Schedule

11th February Schedule


Corep taxonomy workshop 7 th 18 th february 2005 hosted by the bank of spain

CEBS

Timeframe

Mandate

Organization

Goals

14th to 18th February Schedule


Corep taxonomy workshop 7 th 18 th february 2005 hosted by the bank of spain

COREP taxonomy

Workshop

7th-18th February 2005

Open dialogue


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