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Evolution of COREP & FINREP Presented at the: IX European Banking Supervisors XBRL Workshop & Tutorial In: Paris On: 30 th September 2008 By: Ignacio Boixo (Bank of Spain) Member of CEBS XBRL Network. From Inception to Operation. EU & national Authorities COREP & FINREP Networks

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Presentation Transcript
slide1

Evolution of

COREP & FINREPPresented at the:

IX European Banking SupervisorsXBRL Workshop & TutorialIn: ParisOn: 30th September 2008By: Ignacio Boixo (Bank of Spain)

Member of CEBS XBRL Network

from inception to operation
From Inception to Operation

EU & national Authorities

COREP & FINREP Networks

National Supervisors

Definition

XBRL Network

Supervisory Project Teams

Service Companies

8,000 Banks

IT Implementation

National Supervisors

8,000 Banks

Operation

analysis of simplified reporting procedures
Analysis of simplified reporting procedures
  • Decentralised model vs. one entry point approach
  • Analysis of costs and benefits for cross-border groups and national authorities
  • Analysis of pre-requisites for one entry point approach

FSA A

FSA A

Bank X

Bank X

FSA B

Database

FSA B

FSA C

FSA C

analysis of simplified reporting procedures1
Analysis of simplified reporting procedures

Secu A

Bank A

Bank X

FSA B

Bank C

Insur C

analysis of simplified reporting procedures 1 n

e-mail

e-mail

e-mail

e-mail

e-mail

Format

Format

Format

Format

Format

Signature

Signature

Signature

Signature

Signature

Analysis of simplified reporting procedures: 1/N

Bank X

Secu A

Secu A

Bank. A

Bank. A

Internal

System

FSA B

FSA B

Bank C

Bank C

Insu C

Insu C

analysis of simplified reporting procedures 1 n1

e-mail

e-mail

e-mail

e-mail

e-mail

e-mail

e-mail

e-mail

Format

Format

Format

Format

Format

Format

Format

Format

Signature

Signature

Signature

Signature

Signature

Signature

Signature

Signature

Analysis of simplified reporting procedures: 1/N

Bank X

Secu A

Secu A

Bank. A

Bank. A

Bank. A

Internal

System

FSA B

FSA B

FSA B

Bank C

Bank C

Bank C

Insu C

Insu C

analysis of simplified reporting procedures 1 n2

e-mail

e-mail

e-mail

e-mail

e-mail

e-mail

Format

Format

Format

Format

Format

Format

Signature

Signature

Signature

Signature

Signature

Signature

Analysis of simplified reporting procedures: 1/N

Bank X

Secu A

Secu A

Bank. A

Bank. A

Bank. A

Internal

System

Format

FSA B

FSA B

FSA B

Bank C

Bank C

Bank C

Format

Insu C

Insu C

analysis of simplified reporting procedures 1 n3

e-mail

e-mail

e-mail

Format

Format

Format

Signature

Signature

Signature

e-mail

Format

Signature

Analysis of simplified reporting procedures: 1/N

Bank X

Secu A

Secu A

Bank. A

Bank. A

Bank. A

Internal

System

Format

Format

FSA B

FSA B

FSA B

Bank C

Bank C

Bank C

Format

Format

Insu C

Insu C

analysis of simplified reporting procedures 1 n4

e-mail

e-mail

e-mail

Format

Format

Format

Signature

Signature

Signature

e-mail

Format

Signature

Analysis of simplified reporting procedures: 1/N

TARGET2 (Real Time Gross Settlement)

Format, Signature and Mail by SWIFT

Bank X

Secu A

Secu A

Bank. A

Bank A

FSA B

Bank C

Bank A

FSA B

Bank C

Internal

System

FSA B

Bank C

Insu C

Insu C

analysis of simplified reporting procedures 1 n5

e-mail

Format

Signature

e-mail

Format

Signature

Analysis of simplified reporting procedures: 1/N

TARGET2 Securities (Straight Thru Processing)

Format, Signature and Mail by SWIFT

Bank X

Secu A

Bank A

FSA B

Bank C

Insu C

Secu A

Bank A

FSA B

Bank C

Insu C

Secu A

Bank. A

Internal

System

FSA B

Bank C

Insu C

analysis of simplified reporting procedures 2 n

e-mail

e-mail

e-mail

e-mail

e-mail

Format

Format

Format

Format

Format

Signature

Signature

Signature

Signature

Signature

Analysis of simplified reporting procedures: 2/N

Bank X

Secu A

Secu A

Bank. A

Bank. A

Internal

System

FSA B

FSA B

Bank C

Bank C

Insu C

Insu C

analysis of simplified reporting procedures 2 n1

e-mail

e-mail

e-mail

e-mail

e-mail

e-mail

Format

Format

Format

Format

Format

Format

Signature

Signature

Signature

Signature

Signature

Signature

Analysis of simplified reporting procedures: 2/N

European Single Interface

European Central Banks XML Service Bus

Bank X

Secu A

Secu A

Bank. A

Bank A

FSA B

Bank C

Bank A

FSA B

Bank C

Internal

System

FSA B

Bank C

Insu C

Insu C

analysis of simplified reporting procedures 3 n

e-mail

e-mail

e-mail

e-mail

e-mail

Format

Format

Format

Format

Format

Signature

Signature

Signature

Signature

Signature

Analysis of simplified reporting procedures: 3/N

Bank X

Secu A

Secu A

Bank. A

Bank. A

Internal

System

FSA B

FSA B

Bank C

Bank C

Insu C

Insu C

analysis of simplified reporting procedures 3 n1

e-mail

e-mail

e-mail

e-mail

e-mail

Format

Format

Format

Format

Format

Signature

Signature

Signature

Signature

Signature

Analysis of simplified reporting procedures: 3/N

Bank X

Secu A

Secu A

Bank. A

Bank A

FSA B

Bank C

Internal

System

FSA B

Bank C

Insu C

Insu C

analysis of simplified reporting procedures 3 n2

e-mail

e-mail

Format

Format

Signature

Signature

Analysis of simplified reporting procedures: 3/N

Bank X

Secu A

Secu A

Bank. A

Bank A

FSA B

Bank C

Internal

System

e-mail

Signature

FSA B

e-mail

Format

Signature

Bank C

e-mail

Signature

Insu C

Insu C

analysis of simplified reporting procedures 3 n3

e-mail

e-mail

Format

Format

Signature

Signature

Analysis of simplified reporting procedures: 3/N

Bank X

Secu A

Secu A

Bank. A

Bank A

FSA B

Bank C

Internal

System

e-mail

FSA B

e-mail

Format

Signature

Bank C

e-mail

Insu C

Insu C

analysis of simplified reporting procedures 3 n4

e-mail

e-mail

Format

Format

Signature

Signature

Analysis of simplified reporting procedures: 3/N

Bank X

Secu A

Secu A

Bank. A

Bank A

FSA B

Bank C

Internal

System

FSA B

e-mail

Format

Signature

Bank C

Insu C

Insu C

analysis of simplified reporting procedures 3 n5
Analysis of simplified reporting procedures: 3/N

Web 2.0

Bank X

Secu A

Bank A

FSA B

Bank C

Insu C

Secu A

Bank. A

Internal

System

FSA B

e-mail

Format

Signature

Bank C

Insu C

slide19

Questions?

Thank you!

19