1
Evolution of COREP & FINREP
Presented at the:
IX European Banking SupervisorsXBRL Workshop & TutorialIn: ParisOn: 30th September 2008
By: Ignacio Boixo (Bank of Spain)Member of CEBS XBRL Network
2
DefinitionDefinition
EU & national AuthoritiesCOREP & FINREP NetworksNational Supervisors
From Inception to Operation
National Supervisors8,000 Banks
XBRL NetworkSupervisory Project TeamsService Companies 8,000 Banks
IT IT ImplementationImplementation
OperationOperation
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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 B
FSA C
Bank X Bank X
FSA A
FSA B
FSA C
Database
4
Analysis of simplified reporting procedures
Bank A
FSA B
Bank C
Bank X
LegislationParliament and European Bodies
Bu
siness
Data description
CEBS COREP&FINEP Networks + National
Taxonomies CEBS XBRL Network
Info
rmatio
n
Tech
.
SecurityEach Supervisor:
Digital Signature
Communication
Each Supervisor:
e-mail SMTP
Secu A
Insur C Bank Secur.Insur.
Spain
France
Belgium
5
Analysis of simplified reporting procedures: 1/N
Bank. A
FSA B
Bank C
Bank XSecu A
Insu C
Signature e-mailFormat
Signature e-mailFormat
Signature e-mailFormat
Signature e-mailFormat
Signature e-mailFormat
Internal
System
Bank. A
FSA B
Bank C
Secu A
Insu C
6
Analysis of simplified reporting procedures: 1/N
Bank. A
FSA B
Bank C
Bank XSecu A
Insu C
Signature e-mailFormat
Signature e-mailFormat
Signature e-mailFormat
Bank. A
FSA B
Bank C
Signature e-mailFormat
Signature e-mailFormat
Signature e-mailFormat
Signature e-mailFormat
Signature e-mailFormat
Internal
System
Bank. A
FSA B
Bank C
Secu A
Insu C
7
Analysis of simplified reporting procedures: 1/N
Bank. A
FSA B
Bank C
Bank XSecu A
Insu C
Signature e-mailFormat
Format
Signature e-mailFormat
Signature e-mailFormat
Format
Signature e-mailFormat
Signature e-mailFormat
Signature e-mailFormat
Bank. A
FSA B
Bank C
Internal
System
Bank. A
FSA B
Bank C
Secu A
Insu C
8
Analysis of simplified reporting procedures: 1/N
Bank. A
FSA B
Bank C
Bank XSecu A
Insu C
Signature e-mailFormat
Signature e-mailFormat
Format
Signature e-mailFormat
Format
Format
Signature e-mailFormat
Format
Bank. A
FSA B
Bank C
Internal
System
Bank. A
FSA B
Bank C
Secu A
Insu C
9
Analysis of simplified reporting procedures: 1/N
Bank XSecu A
Insu C
Signature e-mailFormat
Signature e-mailFormat
Signature e-mailFormat
Bank A
FSA B
Bank C
Bank A
FSA B
Bank C
Signature e-mailFormatInternal
System
Bank. A
FSA B
Bank C
Secu A
Insu C
TARGET2 (Real Time Gross Settlement)Format, Signature and Mail by SWIFT
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Analysis of simplified reporting procedures: 1/N
Bank X
Signature e-mailFormatSignature e-mailFormat
Internal
System
Secu A
Bank A
FSA B
Bank C
Insu C
Secu A
Bank A
FSA B
Bank C
Insu C
Bank. A
FSA B
Bank C
Secu A
Insu C
TARGET2 Securities (Straight Thru Processing)Format, Signature and Mail by SWIFT
11
Analysis of simplified reporting procedures: 2/N
Bank. A
FSA B
Bank C
Bank XSecu A
Insu C
Signature e-mailFormat
Signature e-mailFormat
Signature e-mailFormat
Signature e-mailFormat
Signature e-mailFormat
Internal
System
Bank. A
FSA B
Bank C
Secu A
Insu C
12
Analysis of simplified reporting procedures: 2/N
Bank XSecu A
Insu C
Internal
System
Bank. A
FSA B
Bank C
Secu A
Insu C
Signature e-mailFormat
Signature e-mailFormat
Signature e-mailFormat
Signature e-mailFormat
Bank A
FSA B
Bank CSignature e-mailFormat
Signature e-mailFormat
Bank A
FSA B
Bank C
European Single InterfaceEuropean Central Banks XML Service Bus
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Analysis of simplified reporting procedures: 3/N
Bank. A
FSA B
Bank C
Bank XSecu A
Insu C
Signature e-mailFormat
Signature e-mailFormat
Signature e-mailFormat
Signature e-mailFormat
Signature e-mailFormat
Internal
System
Bank. A
FSA B
Bank C
Secu A
Insu C
14
Analysis of simplified reporting procedures: 3/N
Bank A
FSA B
Bank C
Bank XSecu A
Insu C
Signature e-mailFormat
Signature e-mailFormat
Signature e-mailFormat
Signature e-mailFormat
Signature e-mailFormat
Internal
System
Bank. A
FSA B
Bank C
Secu A
Insu C
15
Analysis of simplified reporting procedures: 3/N
Bank A
FSA B
Bank C
Bank XSecu A
Insu C
Signature e-mailFormat
Signature e-mail
Signature e-mailFormat
Signature e-mail
Signature e-mailFormat
Internal
System
Bank. A
FSA B
Bank C
Secu A
Insu C
16
Analysis of simplified reporting procedures: 3/N
Bank A
FSA B
Bank C
Bank XSecu A
Insu C
Signature e-mailFormat
Signature e-mailFormat
Signature e-mailFormat
Internal
System
Bank. A
FSA B
Bank C
Secu A
Insu C
17
Analysis of simplified reporting procedures: 3/N
Bank A
FSA B
Bank C
Bank XSecu A
Insu C
Signature e-mailFormat
Signature e-mailFormat
Signature e-mailFormat
Internal
System
Bank. A
FSA B
Bank C
Secu A
Insu C
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Analysis of simplified reporting procedures: 3/N
Secu A
Bank A
FSA B
Bank C
Insu C
Bank X
Signature e-mailFormatInternal
System
Bank. A
FSA B
Bank C
Secu A
Insu C
Web 2.0
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Questions?
Thank you!
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