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Optimizing CRD IV Reporting: Framework Solutions for Financial Institutions

Join the XBRL Conference on CRD IV reporting for insights on supervisory frameworks, single rule book challenges, integrated reporting, and communication channels in the EU financial sector. Discover the benefits of an integrated approach and the importance of transparent communication channels for regulatory compliance.

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Optimizing CRD IV Reporting: Framework Solutions for Financial Institutions

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  1. THE NEW SUPERVISORY FRAMEWORK XBRL CONFERENCE 'Preparing for CRD IV Reporting’ London Hilton on Park Lane, 17 June 2013 Robert PRIESTER Deputy Chief Executive European Banking Federation

  2. Our members • 31 National Member Associations: • 27 EU Member States • 4 EFTA countries • 14 Associates

  3. SINGLE RULE BOOK TODAY: 27 differing frameworks • Definitions • Interpretations • Breakdowns • Gross or net exposures • Etc. = nightmare TOMORROW: 1 Single Reporting Framework

  4. INDUSTRY PRIORITIES • Integrated Reporting • Why? • Communication Channels

  5. INTEGRATED APPROACH -Objectives -JEGR (Joint Expert Group on Reconciliation) -Semantics: IFRS -EBA Consultations on “Forbearance and on “Asset Encumbrance"

  6. RIGHT TO KNOW WHY • What’s the use? • Merits: * Legal constraints * Enhance data quality * To bring perspective • Not about putting into question relevance !

  7. COMMUNICATION CHANNELS • Comparison national level/EU level • Need for EU forum

  8. IMPLEMENTATION TIMETABLE

  9. XBRL

  10. The Law of the Hammer

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