COREP and FINREP Update

Committee of European Banking Supervisors XBRL Network

Katrin SchmehlIgnacio Boixo

Bundesbank Munich, 2007-05-09

7th European Banking Supervisors XBRL Workshop

Agenda

COREP Taxonomies Version 1.2.1 to 1.2.4 Bug fixing

Management of new editions COREP and FINREP in Europe

Distribution of the COREP Taxonomy Distribution of the FINREP Taxonomy

Common repository on CEBS extension taxonomies Changes in the formation of the core team Future processing

COREP Taxonomies Version 1.2.1 to 1.2.4

COREP Taxonomy Version 1.2

Releases since October 2006: Version 1.2.1 (2006-10-06) Version 1.2.2 (2006-12-21) Version 1.2.3 (2007-02-02) Version 1.2.4 (2007-04-20)

- Necessary because of bugs found during the extension processes on national taxonomies

- Future changes on the COREP templates are planned

Documentation on changes

All bugs fixed are described in detail on the websitehttp://corep.info/corepTaxonomy/taxonomy.html

History of changes in the COREP-FINREP Technical Documentation

Chapter 8: Changes and Updates

Management of new editions

Evident need of a process to manage new edition because of: Bug fixing New business rules New XBRL specification New functionalities (i. e. formula linkbase)

Terms to be kept: Minimize the XBRL impact of bug fixing Avoid the need of changing the namespace Awareness of different versions in national

extension taxonomies

Numbering of new editions

3 level numbering system

Instances are compatible new release change in the third level

Instances are not compatible new version change in the first or second level(depending on major or minor functional changes)

Changes on the namespace only for new versions each xml file of the taxonomy contains the

release number

<?taxonomy-version x.x.x?>

Access to prior editions

Each supervisor may decide about the upgrade to a new edition Changes in the COREP taxonomy might not affect the

national reporting process Changes are done on national level

All CEBS taxonomy editions are kept available Currently: www.corep.info / www.finrep.info

(as zip files) In the future: www.c-ebs.org

(addressable at the URL:http://www.c-ebs.org/eu/fr/esrs/corep/2006-07-01/vrl.1.2.4/[filename])

Access to prior editions

See Document CX-076:

COREP and FINREP Taxonomies Management of new editions

To be made soon available at www.corep.info

Approved by the Subgroup of Reporting of the Committee of European Banking Supervisors

COREP and FINREP in EUROPE

Very likely XBRLDefinitely Other FormatInterested in XBRLNo information

Distribution of the COREP Taxonomy

Country Taxonomy Version XBRL

Belgium 1.2.4 Compulsory

Bulgaria Planned -

Cyprus 1.2.3 Compulsory

Germany 1.2.3 Optional

Spain 1.2.2 Compulsory

Finland 1.2.3 Optional

France 1.2 Compulsory

Ireland 1.2 Optional

Lithuania - Compulsory

Luxembourg - optional in 2007, compulsory in 2008

Netherlands 1.2.3 Optional

Norway 1.2.3 Optional

Poland 1.2.3 Compulsory

Distribution of the FINREP Taxonomy

Country Taxonomy Version XBRL

Belgium Belgian extension of FINREP version 1.2

Compulsory

Bulgaria Planned -

Germany Planned -

France 1.0 Compulsory

Ireland 1.0 Optional

Lithuania - Compulsory

Luxembourg - Compulsory

Netherlands 1.0 Optional

Poland 1.0 Compulsory

www.corep.info for updates

Common repository on Extension Taxonomies

Links of COREP as well as FINREP extension taxonomies are listed at www.corep.info and www.finrep.info

Enables external parties to reach the extensions on CEBS taxonomies

Publication also on the CEBS website www.c-ebs.org

Participation

www.corep.info and www.finrep.info are a single website with updated information

Yahoo email lists are open for further participants in addition to the 300+ current participants

Weekly conference call each Thursday at 10:30 a.m. (CET)

Volunteers welcome!

Core Team at 2007-05-09

Ignacio Boixo

Daniel Hamm

Marc Creemers

Javi Mora

Michele Romanelli

Katrin Schmehl

Victor Morilla

Jacobo Varela

PanagiotisVoulgaris

PatrickAmis

Changes in the formation of the core team

DanielMagdalenaCore team

Javi Colm [English Proofreader]

Challenges for supporters

Project Content Manager

Webmaster

Newsletter Editor

LegalAdviser

TaxonomyReviewer

TestingManager

Best PracticesEditor

Bug TrackingManager

Versioning WG Member

Formula WG Member

Control Version System Manager

TaxonomyAcknowledgment

ManagerTools Manager

Intellectual Property

COREP and FINREP are trade marks according to the European Law

COREP and FINREP deliverables are copyrighted in favor of CEBS Secretariat Ltd., UK

COREP and FINREP deliverables are made available free of cost to all European and not European XBRL practitioners

COREP may be a starting point for other Basel II approaches

Solvency II may take advantages on the developments made by COREP

Future processing

Maintenance of the CEBS taxonomies Adoption of changes in the COREP and FINREP frameworks Bug fixing

Participation in the Formula and Versioning WG

Disseminating information about CEBS XBRL developments around Europe

Questions

Thank you for your attention!

Time for your questions!