Overview of the data standards underpinning CRD IV Víctor Morilla (Banco de España)
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Overview of the data standards underpinning CRD IV Víctor Morilla (Banco de España)
Transcript of Overview of the data standards underpinning CRD IV Víctor Morilla (Banco de España)
Overview of the data standards underpinning CRD IVVíctor Morilla (Banco de España)
The supervision process
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Credit institutionsSupervisor
Communication of reporting requirements
Transmission of data
Target:Accurate
data
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What is XBRL?
Standard for the definition of financial concepts (taxonomies)
Metadata (taxonomy)
AssetsCreditType: instant…
CashCreditType: instantPortfolio
CreditType: instant
– Concepts properties– Labels in different languages– References to legal documentation– Tabular views of data– Validation rules– …
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What is XBRL?
XBRL is joint effort to create a global dictionary of concepts
EBA FINREP
AssetsCreditType: instant…
CashCreditType: instant
PortfolioCreditType: instant
ECB BSI
Credits with central banks…
Held to maturity investments…
Spanish GAAP
…
…
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What is XBRL?
Standard to exchange data according to those definitions (instances)
Metadata (taxonomy)
AssetsCreditType: instant…
CashCreditType: instantPortfolio
CreditType: instant
Acme 2008/12Assets… 100.000€Cash…… 55.000€
Data (instance document)
XBRL 2.1
Identifying Data
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t
Category of assets
Portfolio
100 € (prec 3)
Debt securities Dec 2007
Amortized costs
Amount type: Carrying amount
XBRL Dimensions
Net carrying amount of not yet impaired but already past due (over 180 days but less than a year) debt securities held, issued in EUR by MFIs
located in EMU with original maturity under one year, measured at amortized cost and relating only to business activities conduced in EU
Excerpt from BRAG DPM Introduction slides
Base term: Assets
Category: Debt securities
Portfolio: Amortised cost
Amount type: Carrying amount
Impairment status: Unimpaired
Past due period: ≥ 180 days < 1 year
Original currency: EUR
Original maturity: < 1 year
Counterparty sector: MFIs
Counterparty residence: EMU
Location of activity: EU
Time reference: Current period end
Dictionary of concepts
Categories:Total (…)
CashLoansDebt securitiesEquity instrumentsTangible and intangibleOther than (…)
Counterparty sectors:All / Not-applicable
MFIsMMFsMFIs other than MMFs
Central AdministrationOther general governmentNon-MFIs other than government
Original maturity:All
< 1 year≥ 1 year < 2 year≥ 2 years
Counterparty residences:All / Not-applicable
EMUOther than EMU (…)
Original currencies:All / Not-applicable
EUROther than EUR
Locations of activities:All / Not-applicable
EUOther than EU (…)
Amount types:Carrying amount
Gross carrying amount(Specific allowances)(Collective allowances)
Base terms:AssetsLiabilitiesEquityOff-balance sheetExposures
Portfolios:Total (…)
Fair value through profit or lossAmortised cost
Impairment status:All / Not-applicable
ImpairedUnimpaired
Past due periods:All
< 180 days≥ 180 days < 1 year≥ 1 year
Base term: Assets
Category: Debt securities
Portfolio: Amortised cost
Amount type: Carrying amount
Impairment status: Unimpaired
Past due period: ≥ 180 days < 1 year
Original currency: EUR
Original maturity: < 1 year
Counterparty sector: MFIs
Counterparty residence: EMU
Location of activity: EU
Time reference:Current period endPrevious period endCurrent period
Time reference: Current period end
Data Point Modelmethodology
Getting the right picture…
Table Linkbase
Checking the quality of data
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Credit institutionsSupervisor
Communication of reporting requirements
+ validation rules
Validation rules used alreadyIn the development process
Validation rules applied before official filing
XBRL Formulae
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FINREP 2013
Tables
COREP 2013
Tables
Taxonomy structure
Commonlayer
Dictionary of concepts
Labels References
Presentation hierarchies
Basic calc.relationshi
ps
Required data sets
Validation rules
Table contextlabels
Framework specific layer
Graphical
disposition
Taxonomy Architecture
Abstract description of the information represented in the taxonomy
• http://www.eurofiling.info/finrepTaxonomy/DPM-Formal-Model.pdf
How these information is represented in XBRL taxonomies
• http://www.eurofiling.info/finrepTaxonomy/EBA-DPM-XBRL-Mapping.pdf
Summary- Definition of financial concepts
XBRL 2.1 XBRL Dimensions DPM methodology
- Communication of reporting requirements and graphical representation Table Linkbase
- Definition of quality checks XBRL Formulae
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QUESTIONS ?
