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Overview of the data standards underpinning CRD IV. Víctor Morilla (Banco de España ). The supervision process. Communication of reporting requirements. Target: Accurate data. Transmission of data. Supervisor. Credit institutions. What is XBRL?.

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overview of the data standards underpinning crd iv

Overview of the data standards underpinning CRD IV

Víctor Morilla (Banco de España)

the supervision process
The supervision process

Communication of

reporting requirements

Target:

Accurate data

Transmission of data

Supervisor

Credit institutions

what is xbrl
What is XBRL?
  • Standard for the definition of financial concepts (taxonomies)

Metadata (taxonomy)

Assets

Credit

Type: instant

  • Concepts properties
  • Labels in different languages
  • References to legal documentation
  • Tabular views of data
  • Validation rules

Cash

Credit

Type: instant

Portfolio

Credit

Type: instant

what is xbrl1
What is XBRL?
  • XBRL is joint effort to create a global dictionary of concepts

EBA FINREP

Assets

Credit

Type: instant

ECB BSI

Credits with central banks

Spanish GAAP

Cash

Credit

Type: instant

Portfolio

Credit

Type: instant

Held to maturity investments

what is xbrl2
What is XBRL?
  • Standard to exchange data according to those definitions (instances)

Metadata (taxonomy)

XBRL 2.1

Assets

Credit

Type: instant

Cash

Credit

Type: instant

Portfolio

Credit

Type: instant

Acme 2008/12

Assets… 100.000€

Cash…… 55.000€

Data

(instance document)

identifying data

Portfolio

Amortized costs

100 € (prec 3)

t

Dec 2007

Debt securities

Category of assets

Identifying Data

Amount type: Carrying amount

XBRL Dimensions

slide7

Net carrying amount of not yet impaired but already past due (over 180 days but less than a year) debt securities held, issued in EUR by MFIs located in EMU with original maturity under one year, measured at amortized cost and relating only to business activities conduced in EU

Excerpt from BRAG DPM Introduction slides

dictionary of concepts
Dictionary of concepts

Data Point Model

methodology

checking the quality of data
Checking the quality of data

Communication of

reporting requirements

+ validation rules

XBRL Formulae

Validation rules used already

In the development process

Validation rules applied before official filing

Supervisor

Credit institutions

taxonomy structure
Taxonomy structure

Common

layer

Dictionary of concepts

Labels

References

Presentation hierarchies

Basic calc.

relationships

Framework specific layer

FINREP 2013

COREP 2013

Tables

Tables

Required data sets

Table context

labels

Graphical

disposition

Validation rules

taxonomy architecture
Taxonomy Architecture

Abstract description of the information represented in the taxonomy

  • http://www.eurofiling.info/finrepTaxonomy/DPM-Formal-Model.pdf

How these information is represented in XBRL taxonomies

  • http://www.eurofiling.info/finrepTaxonomy/EBA-DPM-XBRL-Mapping.pdf
summary
Summary
  • Definition of financial concepts
    • XBRL 2.1
    • XBRL Dimensions
    • DPM methodology
  • Communication of reporting requirements and graphical representation
    • Table Linkbase
  • Definition of quality checks
    • XBRL Formulae