Minutes February 13th 2014

1.     EBA news.

The European Banking reporting framework, in pure XBRL terms, would be roughly described as a supply chain among Reporting Entities (RE), National Competent Authorities (NCA), European Banking Authority (EBA) and European Central Bank (ECB).

NCAs discretions to decide which REs in the country (all, some or none) must report in XBRL. REs are always considered national in XBRL reporting terms.

Eurosystem NCAs to send XBRL reports to ECB about selected REs. ECB and (remaining) non Eurosystem NCAs to send XBRL reports to EBA about selected REs. (Hence, all NCAs to send XBRL reports). Transitory situations until full deployment by end 2014.

Largest XBRL supply chain: RE -> NCA -> ECB -> EBA

Challenges for XBRL intances to newcomer REs and NCAs: (1) create and (2) validate.

Large Instance Processing challenges: (1) Processing overload on peak days at ECB, EBA and large NCAs and (2) Processor crash due to a single instance too large.

2.     EIOPA news.

Bank of England: Invitation to Quote for Bank of England Solvency II Data Collection. Remarkable description of the conceptual solution .

3.     ESMA’s ESEF (European Single Electronic Format).

Draft map summarizing implementations of reporting formats in European countries.

4.     CEN WS XBRL Project and Standards/Practices.

(Ignacio) European Multi-Stakeholders Platform  of ICT to be informed in its meeting on Feb. 13 about XBRL Europe initiative on promoting XBRL as identified European Standard

(Eric): Identification of Entities. In Solvency II, some objects like financial products are identified by URI. For example, detailed list of assets, an asset may be identified by ISIN, CUSIP or other types of codes. Eurofiling may be used to hold a register of types of code, as URN (Uniform Resource Name) – like urn:eurofiling:isin:xxxxx – or a URL (Unified Resource Locator) – like http://codes.eurofiling.info/isin/xxxxx. To be continued.

(Eric): Large Instance Processing. Topic definitely for Rome.

(Emile, Martin): Error handling: Topic definitely for Rome.

 5.       Events and AOB.

13 XBRL Europe Day & 19 Eurofiling Workshop. May 5 and 6. Rome.

Speakers and Program Committee members wanted!

  1. EBA, EIOPA, ESMA sessions
  2. Identification of XBRL as European Standard
  3. Error handling
  4. Large Instance Processing
  5. Identification of Entities
  6. Validations based in DPM
  7. National Competent Authorities (NCAs) experiences with new COREP/FINREP:
    1. NCAs traditionally XBRL practitioners (DE, FR, LU?)
    2. NCAs now involved in XBRL as well as their reporting entities (UK, PT?)
    3. NCAs now involved in XBRL but not their reporting entities (CY, HR?)
    4. European Central Bank
  8. Reporting Entities experiences with new COREP/FINREP
  9. Transparency and Standards
  10. Extension of EBA/EIOPA Taxonomies

[2014-06-09  to 11] 26 International XBRL Conference Orlando (Florida)

Channels to communicate typos/doubts/errors in XBRL to European Authorities.

Emile Bartolé (CSSF, LU)
Eric Jarry  (Bank of France, FR)
Haizhen Chen (Bank of France, FR)
Ignacio Boixo (Eurofiling coordinator)
Ignacio Santos (Bank of Spain, ES)
Joel Vicente (CoreFiling, UK)
Martin DeVille (UBPartner)
Masatomo Goto (Fujitsu, UK)
Timo Schmuck (Cundus DE)
Venkat. Sambandan (Deloitte, NL)
Wladyslaw Krawiec (IFRS)

Andreas Weller (EBA)
Anne Bini (Invoke, FR)
Katrin Heinze (Eurofiling coordinator)

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