evolution of corep & finrep presented at the:

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

3

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





Internal

System

Bank. A

FSA B

Bank C

Secu A

Insu C

6


Bank. A

FSA B

Bank C

Bank XSecu A

Insu C




Bank. A

FSA B

Bank C






Internal

System

Bank. A

FSA B

Bank C

Secu A

Insu C

7


Bank. A

FSA B

Bank C

Bank XSecu A

Insu C


Format



Format




Bank. A

FSA B

Bank C

Internal

System

Bank. A

FSA B

Bank C

Secu A

Insu C

8


Bank. A

FSA B

Bank C

Bank XSecu A

Insu C



Format


Format

Format


Format

Bank. A

FSA B

Bank C

Internal

System

Bank. A

FSA B

Bank C

Secu A

Insu C

9


Bank XSecu A

Insu C




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

10


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


Bank. A

FSA B

Bank C

Bank XSecu A

Insu C






Internal

System

Bank. A

FSA B

Bank C

Secu A

Insu C

12


Bank XSecu A

Insu C

Internal

System

Bank. A

FSA B

Bank C

Secu A

Insu C





Bank A

FSA B

Bank CSignature e-mailFormat


Bank A

FSA B

Bank C

European Single InterfaceEuropean Central Banks XML Service Bus

13


Bank. A

FSA B

Bank C

Bank XSecu A

Insu C






Internal

System

Bank. A

FSA B

Bank C

Secu A

Insu C

14


Bank A

FSA B

Bank C

Bank XSecu A

Insu C






Internal

System

Bank. A

FSA B

Bank C

Secu A

Insu C

15


Bank A

FSA B

Bank C

Bank XSecu A

Insu C


Signature e-mail


Signature e-mail


Internal

System

Bank. A

FSA B

Bank C

Secu A

Insu C

16


Bank A

FSA B

Bank C

Bank XSecu A

Insu C


e-mail


e-mail


Internal

System

Bank. A

FSA B

Bank C

Secu A

Insu C

17


Bank A

FSA B

Bank C

Bank XSecu A

Insu C




Internal

System

Bank. A

FSA B

Bank C

Secu A

Insu C

18


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

19

Questions?

Thank you!

19

Contacts:

CEBSwww.c-ebs.org

www.corep.info

www.finrep.info

Ignacio Boixo:[email protected]

evolution of corep & finrep presented at the:

Documents

afsa bbank csecu ainsu

evolution of corep finrep

crossborder groups

framework prin