Overview of the data standards underpinning CRD IV

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 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 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 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 Required data sets Graphical dispositio n Validation rules

Taxonomy Architecture Abstract description of the information represented in the taxonomy • http: //www. eurofiling. info/finrep. Taxono my/DPM-Formal-Model. pdf How these information is represented in XBRL taxonomies • http: //www. eurofiling. info/finrep. Taxono my/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 ?