Diapositiva 1

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COREP taxonomy Workshop 7th-18th February
2005 Hosted by the Bank of Spain
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Agenda

• CEBS
• Mandate
• Goals
• Organization
• Timeframe

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CEBS
Organization
Timeframe
Goals
Mandate
Committee 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 Bank 25
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 -
José María RoldánVice Chair - Danièle
NouySecretary General - Andrea Enria Iceland,
Liechtenstein and Norway
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CEBS
Organization
Timeframe
Goals
Mandate

• 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

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CEBS
Organization
Timeframe
Goals
Mandate

• Priority areas of work
• Regulatory advice to the Commission
• Cross-border mergers in banking
• The definition of regulatory capital
• Supervision of liquidity risk
• Convergence of supervisory practice
• Supervisory review process
• Validation of IRB and AMA systems
• External Credit Assessment Institutions (ECAIs)
• Common reporting
• Supervisory disclosure
• Development of IFRS compliant formats
• Supervisory guidance for the new IFRS framework
• Co-operation and information exchange
• Home/host issues
• Crisis management
• Information exchange

The industry,market participantsand end-users
CEBS
Standards, guidelines and recommendations
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Mandate
CEBS
Organization
Timeframe
Goals
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
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Mandate
CEBS
Organization
Timeframe
Goals
Supervisor
Bank
Bank operations, controls.
Presentation, Analysis
Report ------------------------------
Reception
Aggregator
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CEBS
Goals
Organization
Timeframe
Mandate
COREP taxonomy Goals
harmonise the data framework (standard)
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allow banks to take full advantage (implement)
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limiting the burden for small, local banks (easy)
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Goals
institutions will need to adapt (timeframe)
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financial market integration (desideratum)
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CEBS
Goals
Organization
Timeframe
Mandate

• Deliverables
• Initial XBRL taxonomy based in COREP data model
• Set of non-confidential test cases of reports
  used in instance generation
• Basic collaborative environment for multinational
  taxonomy development
• Out of scope
• Taxonomy national adaptation
• Taxonomy approval process

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CEBS
Goals
Organization
Timeframe
Mandate

• Tasks
• Designs for taxonomy, test cases and environment.
• Taxonomy building, including "optional
  dimensions"
• Study of compatibility with XML, SDMX and SGML
  derivates
• Distributed elaboration of test cases of reports
• Generation and validation of instances
• Development of the multinational collaborative
  environment
• Main steps
• a) Design the strategy and detail the project
  plan
• b) Building taxonomy and test cases
• c) Instances generation
• d) Refine taxonomy and test cases

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CEBS
Organization
Timeframe
Mandate
Goals
Committee of European Banking Supervisors Chairman
Jose-María Roldán
COmmon REPorting Working Group Chairman
Pierre-Yves Thoraval
Facilitators
COREP taxonomy Steering
Committee Chairman Pierre-Yves Thoraval
COREP taxonomy Project
Team Coordinator Ignacio Boixo
Domain (supervision)
Specification (XBRL/XML)
Solution (collaboration)
Proposal
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CEBS
Organization
Timeframe
Mandate
Goals
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.
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CEBS
Timeframe
Mandate
Organization
Goals
COREP. PROJECT PLAN TIMEFRAME CX-003
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CEBS
Timeframe
Mandate
Organization
Goals
Start Time Plenary or Track Plenary or Track Plenary or Track
Start Time Domain Specification Solution
1230 Welcome Sandwich Party Welcome Sandwich Party Welcome Sandwich Party
1400 Opening session (Ignacio Boixo) Quick self introductions (All) Context description Vision(s) Team Mission Statement Deliverables Opening session (Ignacio Boixo) Quick self introductions (All) Context description Vision(s) Team Mission Statement Deliverables Opening session (Ignacio Boixo) Quick self introductions (All) Context description Vision(s) Team Mission Statement Deliverables
1440 Whats COREP? (Adrian Abbott/Frederic Marie) Description Data Model Whats COREP? (Adrian Abbott/Frederic Marie) Description Data Model Whats COREP? (Adrian Abbott/Frederic Marie) Description Data Model
1540 Coffee break Coffee break Coffee break
1600 XBRL An overview for attendants (Walter Hamscher) Rationale Global Description Open Issues related to this work XBRL An overview for attendants (Walter Hamscher) Rationale Global Description Open Issues related to this work XBRL An overview for attendants (Walter Hamscher) Rationale Global Description Open Issues related to this work
1700 Welcome words. Federico Flórez. Information Systems Department Director. Welcome words. Federico Flórez. Information Systems Department Director. Welcome words. Federico Flórez. Information Systems Department Director.
1710 Open discussion (Chaired by Ignacio Boixo) Open discussion (Chaired by Ignacio Boixo) Open discussion (Chaired by Ignacio Boixo)
1800 End of day End of day End of day
7th February Schedule
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CEBS
Timeframe
Mandate
Organization
Goals
900 Working environment (César Pérez-Chirinos) Facilities available Initial tools catalogue First approach to tele-working support after Plenary QA Strategy Working environment (César Pérez-Chirinos) Facilities available Initial tools catalogue First approach to tele-working support after Plenary QA Strategy Working environment (César Pérez-Chirinos) Facilities available Initial tools catalogue First approach to tele-working support after Plenary QA Strategy
930 Detailed Self Description Skills Interests Inventory (All) Detailed Self Description Skills Interests Inventory (All) Detailed Self Description Skills Interests Inventory (All)
1030 Coffee break Coffee break Coffee break
1100 Second Panel Initial Plan Improvement Suggestions Global Strategies and first assignments to Tracks (Chaired by Ignacio Boixo) Second Panel Initial Plan Improvement Suggestions Global Strategies and first assignments to Tracks (Chaired by Ignacio Boixo) Second Panel Initial Plan Improvement Suggestions Global Strategies and first assignments to Tracks (Chaired by Ignacio Boixo)
1200 Self organization Track Chair Track Secretary nomination Self organization Track Chair Track Secretary nomination Self organization Track Chair Track Secretary nomination
1300 Buffet Lunch Buffet Lunch Buffet Lunch
1400 Global Track Assignment Analysis Global Track Assignment Analysis Global Track Assignment Analysis
1600 Coffee break Coffee break Coffee break
1620 Joint End of Day Workshop (Chaired by Ignacio Boixo) Joint End of Day Workshop (Chaired by Ignacio Boixo) Joint End of Day Workshop (Chaired by Ignacio Boixo)
1800 End Of Day End Of Day End Of Day
8th February Schedule
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CEBS
Timeframe
Mandate
Organization
Goals
Start Time Plenary or Track Plenary or Track Plenary or Track
Start Time Domain Specification Solution
900 Assignment Global Design Assignment Global Design Assignment Global Design
1030 Coffee break Coffee break Coffee break
1100 Open time XBRL Experiences Practical Examples (Interested attendants) (Could include technically oriented Presentations of Tools Services and/or demos) Tracks Brainstorming Drafts for Discussion Open time XBRL Experiences Practical Examples (Interested attendants) (Could include technically oriented Presentations of Tools Services and/or demos) Tracks Brainstorming Drafts for Discussion Open time XBRL Experiences Practical Examples (Interested attendants) (Could include technically oriented Presentations of Tools Services and/or demos) Tracks Brainstorming Drafts for Discussion
1300 Buffet Lunch Buffet Lunch Buffet Lunch
1400 Joint Global Design Validation Joint Global Design Validation Joint Global Design Validation
1600 Coffee break Coffee break Coffee break
1630 End Of Day Joint Workshop Global Design Discussion Refinement First Solution Proposal End Of Day Joint Workshop Global Design Discussion Refinement First Solution Proposal End Of Day Joint Workshop Global Design Discussion Refinement First Solution Proposal
1800 End Of Day End Of Day End Of Day
9th February Schedule
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CEBS
Timeframe
Mandate
Organization
Goals
10th February Schedule
11th February Schedule
900 Global Design Refinement Global Design Refinement Global Design Refinement
1100 Coffee break Coffee break Coffee break
1130 Open time XBRL Experiences Practical Examples (Cont.) (Interested attendants) Inter-Track meetings joint work on Global Design Open time XBRL Experiences Practical Examples (Cont.) (Interested attendants) Inter-Track meetings joint work on Global Design Open time XBRL Experiences Practical Examples (Cont.) (Interested attendants) Inter-Track meetings joint work on Global Design
1300 Buffet Lunch Buffet Lunch Buffet Lunch
1400 Global Design Deliverable(s) Specification Global Design Deliverable(s) Specification Global Design Deliverable(s) Specification
1600 Coffee break Coffee break Coffee break
1630 Joint Workshop Global Design Discussion Joint Workshop Global Design Discussion Joint Workshop Global Design Discussion
1800 End Of Day End Of Day End Of Day
900 Global Design Deliverable(s) Specification Global Design Deliverable(s) Specification Global Design Deliverable(s) Specification
1100 Coffee break Coffee break Coffee break
1130 Joint Workshop Global Design Discussion Refinement Proposal of Deliverables to Achieve next week Joint Workshop Global Design Discussion Refinement Proposal of Deliverables to Achieve next week Joint Workshop Global Design Discussion Refinement Proposal of Deliverables to Achieve next week
1300 Buffet Lunch Buffet Lunch Buffet Lunch
1400 End Of Day End Of Day End Of Day
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CEBS
Timeframe
Mandate
Organization
Goals
14th to 18th February Schedule
900 Open time Inter-Track meetings joint work on Detailed Design Open time Inter-Track meetings joint work on Detailed Design Open time Inter-Track meetings joint work on Detailed Design
1100 Coffee break Coffee break Coffee break
1130 Detailed Design Validation Refinement Detailed Design Validation Refinement Detailed Design Validation Refinement
1300 Buffet Lunch Buffet Lunch Buffet Lunch
1400 Joint Workshop Detailed Design Discussion Refinement Joint Workshop Detailed Design Discussion Refinement Joint Workshop Detailed Design Discussion Refinement
1600 Coffee break Coffee break Coffee break
1630 Detailed Design Requirements Specification(s) Detailed Design Requirements Specification(s) Detailed Design Requirements Specification(s)
1800 End Of Day End Of Day End Of Day
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COREP taxonomy Workshop 7th-18th February
2005 Open dialogue