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Supervisory reporting in Belgium

This document outlines the collaborative efforts between the National Bank of Belgium and the banking supervisor to improve supervisory reporting and macro-prudential stability. It discusses the institutional aspects of money and banking statistics, the integration of FINREP, COREP, and XBRL into centralized reporting systems, and the benefits of having a single technical expert team for efficient supervision. The document serves as a guide for understanding the prudenital reporting process and data validation tools, including the use of OneGate for XBRL reporting.

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Supervisory reporting in Belgium

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  1. Supervisory reporting in Belgium Wednesday 19 June 2013, London • Mark CREEMERS • Statistics Department • Money and Banking Statistics

  2. Institutional aspects - overview 01/04/2011 01/01/2004 National Bank of Belgium * Macro-prudential stability National Bank of Belgium * Macro-prudential stability National Bank of Belgium * Macro-prudential stability * Micro-prudential banks * Micro-prudential insurance Insurance supervisor * Micro-prudential insurance Banking, Finance and Insurance Commission * Micro-prudential banks * Micro-prudential insurance * Financial markets integrity Financial Services and Markets Authority * Financial markets integrity * Consumer protection Banking and Finance Commission * Micro-prudential banks * Financial markets integrity

  3. Institutional aspects - NBB • BANKS: Close collaboration between central bank and banking supervisor since 01/01/1993. • Integrated reporting scheme (statistics-prudential) • Centralised collection and validation • Statistics department "service provider" for colleagues from prudential supervision • One technical expert team is more efficient, prudential supervision can focus on "content" • Reporting agent: one collection application, one interface, one reporting protocol, one point of contact... Collect Validate I Prudential Validate II / Analysis Statistics Validate II / Analysis

  4. Institutional aspects - NBB • BANKS: Introduction of FINREP, COREP and XBRL did not change the centralised collection / validation • Statistics department "service provider" for colleagues from prudential supervision • One technical expert team is more efficient, prudential supervision can focus on "content" • Reporting agent: one collection application, one interface, one reporting protocol, one point of contact... • INSURANCE: Same approach will be followed from Solvency II onwards... Collect Validate I Prudential Validate II / Analysis Statistics Validate II / Analysis

  5. Prudential reporting process - XBRL • OneGate as collection tool: full front-end validation ==> Reporting agent is responsible. • OneGate look-and-feel "XBRL" ~ "non-XBRL" • Taxonomy = holy bible, backbone of whole chain • Only XBRL-valid input (data entry, CSV, XBRL) ==> Data entry / CSV only for very small companies • Output for BackOffice = XBRL files + control panel

  6. Prudential reporting process - XBRL XBRL taxonomy • New taxonomies based on DPM • Complexity and dimensions increase • Two major "shortcomings" solved VALIDATION RULES ==> Formula Linkbase • {r330} = {r020} + {r160} + {r300} • {c020} + {c030} <= {c010} • if {c020} != 0 then {c030} != 0 VISUALISATION/MAPPING ==> Table Linkbase

  7. Taxonomy driven flow and analysis

  8. Questions? • Mark.Creemers@nbb.be • Head of Money and Banking Statistics Division • National Bank of Belgium • Tel: 0032.2.221.55.58

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