CRD IV STATUS AND ROADMAP OF XBRL REPORTING

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1 CRD IV STATUS AND ROADMAP OF XBRL REPORTING Owen Jones Eurofiling June 2017, Frankfurt

2 Where have we come from? Where are we now? Where are we going? CRD IV STATUS AND ROADMAP 2

3 Maturity Curve Exploitation Roll out PRODUCT EXTENSION Early development INNOVATION ADOPTION MATURITY TIME

4 Millares Change in the framework, two phases Changed Retained Added Deleted 0-10 CRD IV STATUS AND ROADMAP 4

5 2.6 XBRL Specification adoption First release using only REC specifications 1.0 Table Linkbase 1.0 Taxonomy Packages 1.0 Extensible Enumerations CRD IV STATUS AND ROADMAP 5

6 Table linkbase EBA s 2.0 taxonomy published in Dec 2013 Table linkbase was under active development: PWD only, REC version not yet available The EBA taxonomy was the first adopter ( bleeding edge ). EIOPA started later so used the REC version (Ecosystem) Pressure to tidy this up has built up slowly. 2.6 provided a reasonable point of stability to adopt. CRD IV STATUS AND ROADMAP 6

7 Table linkbase PWD (Dublin) -> REC <?xml version="1.0" encoding="utf-8"?> <?taxonomy-version ?> <?taxonomy-set-overall-version ?>  <link:linkbase xmlns:table= > <link:arcroleref arcroleuri=" 17/breakdown-tree" xlink:type="simple" xlink:href= " /> <link:arcroleref arcroleuri=" definition-node-subtree" xlink:type="simple" xlink:href= " /> <link:arcroleref arcroleuri=" 17/table-breakdown" xlink:type="simple" xlink:href=" /PWD/ /table.xsd#table-breakdown" /> <link:roleref roleuri=" COREP/ITS-2016-REPXX/ /tab/C_02.00" xlink:type="simple" xlink:href="c_02.00.xsd#role" /> <gen:link xlink:type="extended" xlink:role=" /xbrl/crr/role/fws/corep/its-2016-repxx/ /tab/c_02.00"> <table:table xlink:type="resource" xlink:label="eba_tc_02.00" aspectmodel="dimensional" id="eba_tc_02.00" /> <table:breakdown xlink:type="resource" xlink:label="eba_a1" parentchildorder="parent-first" id="eba_a1" /> <table:rulenode xlink:type="resource" xlink:label="eba_a1.root" abstract="true" id="eba_a1.root" /> <table:breakdowntreearc xlink:type="arc" xlink:arcrole=" xlink:from="eba_a1" xlink:to="eba_a1.root" order="0" /> <?xml version="1.0" encoding="utf-8"?> <?taxonomy-version ?> <?taxonomy-set-overall-version ?>  <link:linkbase... xmlns:table=" > <link:arcroleref arcroleuri=" xlink:type="simple" xlink:href= " /> <link:arcroleref arcroleuri=" xlink:type="simple" xlink:href=" /> <link:arcroleref arcroleuri=" xlink:type="simple" xlink:href= " /2014/table.xsd#table-breakdown" /> <link:roleref roleuri=" COREP/its / /tab/C_02.00" xlink:type="simple" xlink:href="c_02.00.xsd#role" /> <gen:link xlink:type="extended" xlink:role=" /xbrl/crr/role/fws/corep/its / /tab/c_02.00"> <table:table xlink:type="resource" xlink:label="eba_tc_02.00" id="eba_tc_02.00" /> <table:breakdown xlink:type="resource" xlink:label="eba_a1" parentchildorder="parent-first" id="eba_a1" /> <table:rulenode xlink:type="resource" xlink:label="eba_a1.root" abstract="true" merge="true id="eba_a1.root" /> <table:breakdowntreearc xlink:type="arc" xlink:arcrole=" xlink:from="eba_a1" xlink:to="eba_a1.root" order="0" /> CRD IV STATUS AND ROADMAP 7

8 Taxonomy Packages defines a standard format and location for a manifest file that can be included in ZIP files of taxonomy files that allows compliant tools to identify relevant entry points and remappings allowing XBRL tools to treat the contents of the package as an offline copy, without the need for additional configuration Reporting Frameworks FINREP FINREP COREP COREP AE AE AE FP FP FP SBP SBP Reporting Framework 2.6 FINREP COREP AE FP SBP Reporting Framework 2.7 FINREP COREP AE FP Dictionary 2.5 Dictionary 2.6 Dictionary 2.7 CRD IV STATUS AND ROADMAP 8

9 Extensible Enumerations allows domain member networks to constrain the allowed values for primary reporting concepts, enabling taxonomy authors to define extensible enumerations with multi-language labels. The EBA architecture already had a (limited) approach to this: In the case of domain based data types, an additional attribute (model:domain) is included to identify the qualified name of the domain. Where the acceptable values for a metric is a subset of an explicit domain, an additional attribute (model:hierarchy) is included to identify a hierarchy containing the acceptable subset of domain values. but a non-standard approach has clear limitations CRD IV STATUS AND ROADMAP 9

10 EBA -> Extensible Enumerations 2.5 <xs:element name="ei4" type="xbrli:qnameitemtype" nillable="true" substitutiongroup="xbrli:item" id="eba_ei4" xbrli:periodtype="instant" model:domain="eba_exp:as" model:hierarchy=" /> 2.6 <xs:element name="ei4" type="enum:enumerationitemtype" nillable="true" substitutiongroup="xbrli:item" id="eba_ei4" xbrli:periodtype="instant" model:domain="eba_exp:as" model:hierarchy=" enum:domain="eba_exp:as" enum:linkrole=" /> CRD IV STATUS AND ROADMAP 10

11 Incremental Drivers for future change Internal Regulatory refinement Events IFRS 9, CRR 2 Jumps Ecosystem change The (predictably) unpredictable External CRD IV STATUS AND ROADMAP 11

Framework roadmap Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 2017 2018 Q1 Q2 Q3 Q4

3.0 COREP 2.3.1 FINREP 2.1.5 FINREP 2.1.6 FINREP 2.2.0 (IFRS 9 Exposure Draft) FINREP 2.

0.4 FP 1.0.5 AE 1.0.4 FP 1.1.0 SBP 1.0.5 REM 1.0.0 Taxonomy Normal release Taxonomy Technical changes only 12

12 Framework roadmap Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q Q1 Q2 Q3 Q DPM 2.5 DPM 2.6 DPM 2.7 DPM 2.8 COREP COREP COREP COREP FINREP FINREP FINREP (IFRS 9 Exposure Draft) FINREP FINREP AE FP SBP AE FP SBP FP AE FP SBP REM Taxonomy Normal release Taxonomy Technical changes only 12

13 IFRS transition Taxonomy details Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q FINREP 2.6 FINREP 2.7 Q1 Q2 Q FINREP FY Jan 01-Dec 31 FY 2017 FY Dec FY 2019 FY June-June FY 2017/18 FY 2018/ FY Dec 31-Dec Mar 29 Jun 29 Sep 30 Dec FY 2017/18 FY 2018/19 3 CRD IV STATUS AND ROADMAP 13

14 Ecosystem factors Taxonomy architecture Data point methodology Mandates, Products and Services EBA Data Model CRD IV STATUS AND ROADMAP 14

15 The Information Value Chain Regulated Entities Regulatory Reporting Competent Authorities EBA Well known, structured data model Common technical format (largely) Very high degree of (re)usability and comparability of data Very efficient information flows CRD IV STATUS AND ROADMAP 15

16 The Information Value Chain Regulated Entities Competent Authorities EBA Disclosure Transparency and Stress testing Public / Market CRD IV STATUS AND ROADMAP 16

17 Maturity Curve Exploitation Future Roll out INNOVATE? Early development STAGNATE? INNOVATION ADOPTION MATURITY DECLINE? TIME

18 Contact Channels For technical (IT) questions related to the EBA XBRL taxonomy, DPM Database or EBA DPM methodology: Please do get in touch if you have suggestions or feedback Questions on regulatory content /business logic should be raised via the EBA Q&A tool CRD IV STATUS AND ROADMAP 18

19 EUROPEAN BANKING AUTHORITY Floor 46, One Canada Square, London E14 5AA Tel: Fax:

PUBLIC CONSULTATION ON EBA XBRL TAXONOMY V2.1 EBA/CP/2014/ March Consultation Paper

PUBLIC CONSULTATION ON EBA XBRL TAXONOMY V2.1 EBA/CP/2014/ March Consultation Paper EBA/CP/2014/03 21 March 2014 Consultation Paper On XBRL Taxonomy (v2.1) related to remittance of supervisory data under Regulation (EU) No 575/2013 Contents 1. Responding to this Consultation 3 2. Executive