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XBRL in Spain XBRL Projects Bank of Spain - Director Plan Next steps Conclusions

a genda. XBRL in Spain XBRL Projects Bank of Spain - Director Plan Next steps Conclusions. XBRL PROJECTS AND EVENTS IN SPAIN. XBRL in Spain. Consolidate XBRL Spain organization. 1. Increase the number of members. Objectives to achieve after 1 year. 2. Taxonomies development.

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XBRL in Spain XBRL Projects Bank of Spain - Director Plan Next steps Conclusions

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  1. agenda • XBRL in Spain • XBRL Projects • Bank of Spain - Director Plan • Next steps • Conclusions

  2. XBRL PROJECTS AND EVENTS IN SPAIN XBRL in Spain Consolidate XBRL Spain organization. 1 Increase the number of members Objectives to achieve after 1 year 2 Taxonomies development 3 Spread the XBRL standard 4 Promote activities with Latinamerica 5

  3. XBRL PROJECTS AND EVENTS IN SPAIN General Meeting Consultancy & Mediation President Facilitator Vicepresident Management & Secretary General Secretary AuditCommittee Board Strategic Commission Basel II Technology Accounting Development & Training Taxonomies Marketing & Communication XBRL in Spain Organization

  4. XBRL PROJECTS AND EVENTS IN SPAIN XBRL in Spain Members

  5. XBRL PROJECTS AND EVENTS IN SPAIN XBRL PROJECTS

  6. XBRL PROJECTS AND EVENTS IN SPAIN XBRL in Spain First year results

  7. XBRL PROJECTS AND EVENTS IN SPAIN Bank of Spain – Director Plan Objectives • Obtain an implementation plan of the XBRL standard in Bank of Spain, according to the following needs: • Decide in detail the opportunities of application of the XBRL standard in Bank of Spain. • Schedule the different productive goals until the implementation of the identified opportunities.

  8. XBRL PROJECTS AND EVENTS IN SPAIN ICO Banks Financial Institutions Credit Cooperatives Credit Financial Institutions Valuation Companies Non Financial Institutions Saving Banks Exchange Business Other Non financial Institutions World Bank ECB International Regulators IMF C.N.M.V. Bank of Spain I.N.E. Other Government Institutions Mercantile Register Public F.G.D. Treasury Department Eurostadt B.I.S. A.H.E. A.E.B. Others Other International Institutions I.A.S.B. C.E.C.A. D.G.S. F.G.D. ASNEF U.N.C.C. Bank of Spain – Director Plan Internal analysis

  9. XBRL PROJECTS AND EVENTS IN SPAIN Bank of Spain – Director Plan External analysis The external analysis is focus on the identification of the following aspects related to: • Regulations applicable (IAS, IFRS, BAS II) • XBRL trends (XML, XBRL, XBRL standards, interoperability within other standards) • Institutions related to XBRL (XBRL International, Jurisdictions, Working Groups) • Different XBRL International initiatives (Regulators, banks, governs, stock exchanges, …)

  10. XBRL PROJECTS AND EVENTS IN SPAIN Bank of Spain – Director Plan Opportunities • Requirements of FI for B.E. • Stability in the information structure • Information reuse • Level of information into a hierarchy • Property of information structure format • Interoperability • Flow automation • Periodicity • Taxonomy • Tendencies • Leadership Business Criteria External analysis Criteria Corporative image Criteria Technological Criteria

  11. XBRL PROJECTS AND EVENTS IN SPAIN Bank of Spain – Director Plan Projects

  12. XBRL PROJECTS AND EVENTS IN SPAIN Bank of Spain – Director Plan PREPARE TECHNICAL SOLUTION Clients Access Channels Services of Security Orchestration / Integrator Infrastructure Services … Logs Services Reports Generation Directory Services Define & implement the logical architecture Integrated Services Reports, Transformation, Analysis, Validation, Storage … XBRL added here! Persistence of data Messages Treatment Connectors, Mappers, Validation, Routers, etc. INFORMATION BUS … Contents Management Commercial Packages Application Services Data warehouse HOST Complex Information System example (Bank of Spain)

  13. XBRL PROJECTS AND EVENTS IN SPAIN Next steps • Increasethe number of members • HelpSouth and Central America to implement XBRL • Extendthe use of XBRL in Spain with more projects

  14. XBRL PROJECTS AND EVENTS IN SPAIN Conclusions XBRL is a standard technology that can help in multiple ways: Regulators to reduce costs in receiving and validating business data and increase transparency Companies in the financial sector to generate data using standards Real projects means reality

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