GoalsOrganizationTimeframeCEBSMandateCommittee 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 Bank25 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 - Jos Mara Roldn Vice Chair - Danile Nouy Secretary General - Andrea Enria * Iceland, Liechtenstein and Norway

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

GoalsOrganizationTimeframeCEBSMandate

Standards, guidelines and recommendationsThe industry, market participants and end-usersCEBSPriority areas of work Regulatory advice to the CommissionCross-border mergers in bankingThe definition of regulatory capitalSupervision of liquidity risk Convergence of supervisory practiceSupervisory review processValidation of IRB and AMA systemsExternal Credit Assessment Institutions (ECAIs)Common reportingSupervisory disclosureDevelopment of IFRS compliant formats Supervisory guidance for the new IFRS framework Co-operation and information exchangeHome/host issues Crisis managementInformation exchange

GoalsOrganizationTimeframeCEBSMandate

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

MandateCEBSGoalsOrganizationTimeframe

BankAggregatorReport------------------------------SupervisorReceptionPresentation, AnalysisBank operations, controls.MandateCEBSGoalsOrganizationTimeframe

COREP taxonomy Goalsallow banks to take full advantage (implement)Goals12345harmonise the data framework (standard)limiting the burden for small, local banks (easy)institutions will need to adapt (timeframe)financial market integration (desideratum)GoalsCEBSMandateOrganizationTimeframe

DeliverablesInitial XBRL taxonomy based in COREP data modelSet of non-confidential test cases of reports used in instance generation Basic collaborative environment for multinational taxonomy development

Out of scopeTaxonomy national adaptationTaxonomy approval process

GoalsCEBSMandateOrganizationTimeframe

TasksDesigns for taxonomy, test cases and environment.Taxonomy building, including "optional dimensions"Study of compatibility with XML, SDMX and SGML derivatesDistributed elaboration of test cases of reportsGeneration and validation of instancesDevelopment of the multinational collaborative environment

Main stepsa)Design the strategy and detail the project planb)Building taxonomy and test casesc)Instances generationd)Refine taxonomy and test cases

GoalsCEBSMandateOrganizationTimeframe

Committee of European Banking SupervisorsChairman: Jose-Mara RoldnCOREP taxonomy Steering CommitteeChairman: Pierre-Yves ThoravalCOREP taxonomy Project TeamCoordinator: Ignacio BoixoFacilitatorsDomain(supervision)

Specification(XBRL/XML)

Solution(collaboration)

COmmon REPorting Working GroupChairman: Pierre-Yves ThoravalProposalOrganizationCEBSMandateGoalsTimeframe

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.OrganizationCEBSMandateGoalsTimeframe

COREP. PROJECT PLAN TIMEFRAME CX-003TimeframeCEBSMandateGoalsOrganization

7th February Schedule

TimeframeCEBSMandateGoalsOrganization

Start TimePlenary or TrackDomainSpecificationSolution 12:30Welcome Sandwich Party 14:00Opening session (Ignacio Boixo):Quick self introductions (All)Context descriptionVision(s)Team Mission Statement: Deliverables 14:40Whats COREP? (Adrian Abbott/Frederic Marie):DescriptionData Model 15:40Coffee break 16:00XBRL: An overview for attendants (Walter Hamscher):RationaleGlobal DescriptionOpen Issues related to this work 17:00Welcome words. Federico Flrez. Information Systems Department Director. 17:10Open discussion (Chaired by Ignacio Boixo) 18:00End of day

8th February Schedule

TimeframeCEBSMandateGoalsOrganization

9:00Working environment (Csar Prez-Chirinos):Facilities availableInitial tools catalogueFirst approach to tele-working support after PlenaryQA Strategy9:30Detailed Self Description: Skills & Interests Inventory (All) 10:30Coffee break 11:00Second Panel:Initial Plan Improvement SuggestionsGlobal Strategies and first assignments to Tracks(Chaired by Ignacio Boixo) 12:00Self organization:Track Chair & Track Secretary nominationSelf organization:Track Chair & Track Secretary nominationSelf organization:Track Chair & Track Secretary nomination 13:00Buffet Lunch 14:00Global Track Assignment AnalysisGlobal Track Assignment AnalysisGlobal Track Assignment Analysis 16:00Coffee break 16:20Joint End of Day Workshop (Chaired by Ignacio Boixo) 18:00End Of Day

9th February Schedule

TimeframeCEBSMandateGoalsOrganization

Start TimePlenary or TrackDomainSpecificationSolution 9:00Assignment Global DesignAssignment Global DesignAssignment Global Design 10:30Coffee break 11:00Open time:XBRL Experiences & Practical Examples (Interested attendants)(Could include technically oriented Presentations of Tools & Services and/or demos)Tracks Brainstorming & Drafts for Discussion 13:00Buffet Lunch 14:00Joint Global Design ValidationJoint Global Design ValidationJoint Global Design Validation 16:00Coffee break 16:30End Of Day Joint Workshop:Global Design Discussion & Refinement: First Solution Proposal 18:00End Of Day

10th February Schedule

11th February Schedule

TimeframeCEBSMandateGoalsOrganization

14th to 18th February Schedule

TimeframeCEBSMandateGoalsOrganization

9:00Open time:Inter-Track meetings & joint work on Detailed Design 11:00Coffee break 11:30Detailed Design Validation & RefinementDetailed Design Validation & RefinementDetailed Design Validation & Refinement 13:00Buffet Lunch 14:00Joint Workshop:Detailed Design Discussion & Refinement 16:00Coffee break 16:30Detailed Design Requirements Specification(s)Detailed Design Requirements Specification(s)Detailed Design Requirements Specification(s) 18:00End Of Day

COREP taxonomyWorkshop 7th-18th February 2005

Open dialogue