Secrtariat gnral de la Commission bancaire COFINREP One
Secrétariat général de la Commission bancaire COFINREP One IT project – two business domains Steering commitee COREP-XBRL 3 juin 2005 SGCB SIGD COFINREP – one IT project / two businessdomains COFINREP – one IT project / two business
One IT project CEBS promotes the XBRL technology => An opportunity to use an open standard and to prepare the progressive evolution of the information system towards new technologies 2 SGCB SIGD COFINREP – one IT project / two business domains
One IT project Supervisory needs in the scope of XBRL => Exchanges of financial reporting between supervisors and banks 3 SGCB SIGD COFINREP – one IT project / two business domains
Two business domains Two european harmonised reportings with brand new type of information (COREP & FINREP) => easier for supervisors and banks to integrate a new technology 4 SGCB SIGD COFINREP – one IT project / two business domains
Conclusion The project COFINREP § for COREP & FINREP templates, to receive XBRL instances from banks § progressively integrate XML/XBRL tools in our information system (for banks, maybe also) 5 SGCB SIGD COFINREP – one IT project / two business domains
Conclusion § economy of scale for supervisors, banks and software industry one technical solution applied for two new business domains with parallel timetables 6 SGCB SIGD COFINREP – one IT project / two business domains
Secrétariat général de la Commission bancaire Questions ? SGCB SIGD COFINREP IT project two business domains COFINREP – one –ITone project / two /business domains
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