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CEN/WS XBRL

CEN/WS XBRL. CWA3 Standardized roll-out package part 1: XBRL Supervisory Roll-out guide. 10 December, 2013 Aitor Azcoaga Pablo Navarro. CWA3. CWA3-1: XBRL Supervisory roll-out guide. XBRL introduction to regulators including… How to start with XBRL from the regulator perspective

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CEN/WS XBRL

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  1. CEN/WS XBRL CWA3 Standardized roll-out package part 1: XBRL Supervisory Roll-out guide 10 December, 2013 Aitor Azcoaga Pablo Navarro CWA3

  2. CWA3-1: XBRL Supervisory roll-out guide • XBRL introduction to regulators including… • How to start with XBRL from the regulator perspective • Determine the level of XBRL adoption • Plan and prepare the reporting models • Adapt and review receptions infrastructures • Adapt and review internal information systems • Prepare the communication plan for the reporting entities • How to implement and extend taxonomies (CWA2) • European Framework background information • XBRL standard extension mechanism • Guidelines for extensions

  3. XBRL Supervisory roll-out guide • How to start with XBRL from the regulator perspective • Determine the level of XBRL adoption • Select specific adoption strategy. • establish the roadmap for implementation • Plan and prepare the reporting models • compliance with new regulation directives • and ensuring the accuracy of data reported by reporting entities. • Adapt and review receptions infrastructures • Adapt and review internal information systems • Prepare the communication plan for the reporting entities

  4. XBRL Supervisory roll-out guide • How to start with XBRL from the regulator perspective • Questionnaire to address reporting decisions: • Number of different reporting templates to receive from entities? • Frequency of reporting? Quarterly, semi-annually, annually? • What is the minimum reporting unit of information expected to receive (one template, one module, one table, one fact, other)? • What is the profile of reports (minimum and maximum size expected) to be received keeping a margin of security for processing? • What response time is needed to process received reporting information? • Will it be allowed partial submissions? Or will all data need to be reported in full? • What is the minimum precision accepted for data? • Will it be allowed for reports to be re-submitted if the reporting entity wishes to submit an amendment? Will It be placed any deadlines for receipt of any amendments?

  5. XBRL Supervisory roll-out guide • How to implement and extend taxonomies (CWA2) • European Framework background information • EBA Corep and Finrep v2.0.0 • EIOPA Solvency II Preparatory Taxonomy • Eurofiling initiative • XBRL standard extension mechanism • CEN CWA1 Part 3. European XBRL Taxonomy Architecture • CEN CWA1 Part 4. European Filing Rules • Guidelines for extensions • Simplicity of the reporting process • Stability • consistency • Compliance with specifications • Maintainability • Performance • Avoid duplication of concepts • Avoid redefinition of templates

  6. XBRL Supervisory roll-out guide • Architecture, methodology and best practises (CWA1) • Conceptual, logical and physical models (Including DPM, XBRL architecture) • Step-by-step implementation plan • Reference architecture • Functional • Technical

  7. XBRL Supervisory roll-out guide • XBRL Reference Architecture. Functional • Interface with Reporting Entities • Submit and receipt module • Consistency checking of reported information (XBRL valid 2.1)[1] • Reporting Entities Front Services • Report follow up and status management • Auxiliary services (visualization, taxonomy repository reference, form filling application) • Data Reporting Treatment • Data Validation Module • XBRL advanced validation (formula, rules, and additional data compliance) • Error and validation results reporting communication • Data consumption and integration processes • Analyst Information Services • Integrate in Business Intelligence systems implemented in DW & DM

  8. XBRL Supervisory roll-out guide • XBRL Reference Architecture. Technical • Reporting Entities Front End • Security services platform • Multi channel reception • Offline reporting software facilities • Middleware Processing Services • XBRL processor and services • XBRL repository • Backend System Integration • Messaging and Integration services • Corporate Backoffice and Data Warehouse systems • Analytic Packages and Business Intelligence Tools

  9. XBRL Supervisory roll-out guide • Management and maintainability • Transparency • Validation • Harmonisation • Standardization • Localization • Availability (download)

  10. Thanks for your attention Questions? Aitor.Azcoaga@eiopa.europa.eu pablo.navarro @ atos.net Page 10 CWA3

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