Overview of the data standards
underpinning CRD IV
Víctor Morilla (Banco de España)
The supervision process
Communication of
reporting requirements
Target:
Accurate data
Transmission of data
Credit institutions
2
Supervisor
What is XBRL?
 Standard for the definition of financial
concepts (taxonomies)
Assets
Credit
Type: instant
…
Cash
Portfolio
Credit
Type: instant
Credit
Type: instant
Metadata (taxonomy)
3
–
–
–
–
–
–
Concepts properties
Labels in different languages
References to legal documentation
Tabular views of data
Validation rules
…
What is XBRL?
 XBRL is joint effort to create a global
dictionary of concepts
Assets
Credit
Type: instant
…
Credits with central banks
…
…
Cash
Credit
Type: instant
Portfolio
Credit
Type: instant
EBA FINREP
4
…
Held to maturity investments
…
ECB BSI
Spanish
GAAP
What is XBRL?
 Standard to exchange data according to
those definitions (instances)
XBRL 2.1
Assets
Credit
Type: instant
…
Acme 2008/12
Assets… 100.000€
Cash…… 55.000€
Cash
Portfolio
Credit
Type: instant
Credit
Type: instant
Metadata (taxonomy)
5
Data
(instance document)
Identifying Data
Amount type: Carrying amount
Portfolio
Amortized costs
100 € (prec 3)
XBRL Dimensions
Debt securities
Category of assets
6
t
Dec 2007
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
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
Excerpt from BRAG DPM Introduction slides
Dictionary of concepts
Portfolios:
Total (…)
Fair value through profit or loss
Amortised cost
Base terms:
Assets
Liabilities
Equity
Off-balance sheet
Exposures
Categories:
Total (…)
Cash
Loans
Debt securities
Equity instruments
Tangible and intangible
Other than (…)
Amount types:
Carrying amount
Gross carrying amount
(Specific allowances)
(Collective allowances)
Impairment status:
All / Not-applicable
Impaired
Unimpaired
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
Data Point Model
methodology
Original currencies:
All / Not-applicable
EUR
Other than EUR
Locations of activities:
All / Not-applicable
EU
Other than EU (…)
Time reference:
Current period end
Previous period end
Current period
Past due periods:
All
< 180 days
≥ 180 days < 1 year
≥ 1 year
Original maturity:
All
< 1 year
≥ 1 year < 2 year
≥ 2 years
Counterparty sectors:
All / Not-applicable
MFIs
MMFs
MFIs other than MMFs
Central Administration
Other general government
Non-MFIs other than government
Counterparty residences:
All / Not-applicable
EMU
Other than EMU (…)
Getting the right picture…
Table Linkbase
Checking the quality of data
Communication of
reporting requirements
+ validation rules
XBRL Formulae
Validation rules used already
In the development process
Validation rules applied
before official filing
Credit institutions
10
Supervisor
Taxonomy structure
Dictionary of concepts
Common
layer
Framewor
k specific
layer
11
Labels
Table
context
labels
References
Presentation
hierarchies
Basic calc.
relationships
COREP 2013
FINREP 2013
Tables
Tables
Required
data sets
Graphical
dispositio
n
Validation
rules
Taxonomy Architecture
Abstract description of the information
represented in the taxonomy
• http://www.eurofiling.info/finrepTaxonom
y/DPM-Formal-Model.pdf
How these information is represented in
XBRL taxonomies
• http://www.eurofiling.info/finrepTaxonom
y/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
13
QUESTIONS ?