General note: below minutes are written by Eurofiling and are not official statements by the mentioned organisations.
SRB update
The SRF taxonomy is being prepared for the 2024 cycle. This is the module which allows the SRB to calculate the contributions from the banks.
The update is expected to be published in July.
The RES taxonomy will be made available in September. It will again be an extension of the EBA 3.2 taxonomy, providing different modules and validation rules improvements.
The tables are not expected to change.
ECB update
ECB expects to publish a hotfix to the FINREP datapoints taxonomy in early June, with improvements in the validation (eg. interval arithmetics). These improvements mirror the changes made by EBA.
EIOPA update
EIOPA will publish the public working draft of the FICOD Taxonomy on 1 June. It is a standalone (not integrated) cross-sectoral version to be used for reporting of insurance-led financial conglomerates to the national coordinators (EIOPA will not collect the data). There’s no legal basis for the mandatory use of this taxonomy, but it is assumed that NCAs will use it once published. The final version of FICOD is expected to be published at the end of July. The application date is 31 December 2023 with first reporting in 2024.
Currently also available for comments is the public working draft of the 2.9.0 Pension Funds Taxonomy (IORP) until mid-June. The final version of 2.9.0 is expected to be published in mid-July.
EIOPA is starting discussions with NCAs on the application of the xBRL-CSV format in June as well.
EBA update
No update.
ESRS update
EFRAG is almost ready to publish a taxonomy for public consultation.
It is a large taxonomy: it contains over 200 templates. These templates are described using the presentation linkbase, not the table linkbase.
The taxonomy using typed dimensions, in order to minimize the need for extensions made by filers, making the reporting process as easy as possible for over 50.000 organisations that are expected to be reporting.
This release will not contain validation rules expressed in XBRL Formula.
ESMA update
No ESEF taxonomy update in 2023.
The 2023 update to the IFRS taxonomy will be incorporated in the ESEF 2024 taxonomy.
Events update
- 28th Eurofiling conference will be held on 13 and 14 June in Frankfurt.
Agenda is almost complete:
Block 1: Future of digital statistical reporting
Block 2: Supervisory technologies innovations
Block 3: Towards green, sustainable finance
Block 4: Building consensus through policies, data, and technology.
In addition to these topics two special sessions will be held: on Tuesday, a rapid-fire demonstration of innovative solutions and on Wednesday EBA and EIOPA will present their plans going forward and discuss them with the attendees.
Please check 28th Eurofiling – ECB, Frankfurt, 13 – 14 June 2023 for the latest information.
Registration is required and must be completed before 8 June!
- XBRL Asia Roundtable from 24 till 27 July in Tokio, Japan.
- XBRL International Data Amplified on 16 and 17 October in Zurich, Switzerland.