crd iv status and roadmap of xbrl...

CRD IV – STATUS AND ROADMAP OF XBRL REPORTING

Owen Jones

Eurofiling June 2017, Frankfurt

Where have we come from?

Where are we now?

Where are we going?

CRD IV STATUS AND ROADMAP 2

Maturity Curve

INNOVATION ADOPTION MATURITY

PRODUCTEXTENSION

TIME

Early development

Roll out

Exploitation

Change in the framework, two phases


-10

0

10

20

30

40

50

60

Mill

are

s

Changed

Retained

Added

Deleted

2.6 – XBRL Specification adoption

First release using only REC specifications


1.0 Table Linkbase

1.0 Taxonomy Packages

1.0 Extensible Enumerations

Table linkbase

• EBA’s 2.0 taxonomy published in Dec 2013

• Table linkbase was under active development:

• PWD only, REC version not yet available

• The EBA taxonomy was the first adopter (“bleeding edge”).

• EIOPA started later – so used the REC version (Ecosystem)

Pressure to tidy this up has built up slowly.

2.6 provided a reasonable point of stability to adopt.


Table linkbase PWD (Dublin) -> REC 1.0


<?xml version="1.0" encoding="utf-8"?>

<?taxonomy-version 2.2.2.0?> <?taxonomy-set-overall-version 2.5.0.0?>



<link:linkbase … xmlns:table=http://xbrl.org/PWD/2013-05-17/table … >

<link:arcroleRef arcroleURI="http://xbrl.org/arcrole/PWD/2013-05-

17/breakdown-tree" xlink:type="simple" xlink:href=

"http://www.xbrl.org/PWD/2013-05-17/table.xsd#breakdown-tree" /><link:arcroleRef arcroleURI="http://xbrl.org/arcrole/PWD/2013-05-17/

definition-node-subtree" xlink:type="simple" xlink:href= "http://

www.xbrl.org/PWD/2013-05-17/table.xsd#definition-node-subtree" /><link:arcroleRef arcroleURI="http://xbrl.org/arcrole/PWD/2013-05-

17/table-breakdown" xlink:type="simple" xlink:href="http://www.xbrl.org

/PWD/2013-05-17/table.xsd#table-breakdown" />

<link:roleRef roleURI="http://www.eba.europa.eu/xbrl/crr/role/fws/ COREP/ITS-2016-REPXX/2016-02-01/tab/C_02.00" xlink:type="simple" xlink:href="c_02.00.xsd#role" />

<gen:link xlink:type="extended" xlink:role="http://www.eba.europa.eu

/xbrl/crr/role/fws/COREP/ITS-2016-REPXX/2016-02-01/tab/C_02.00">

<table:table xlink:type="resource" xlink:label="eba_tC_02.00" aspectModel="dimensional" id="eba_tC_02.00" />

<table:breakdown xlink:type="resource" xlink:label="eba_a1"

parentChildOrder="parent-first" id="eba_a1" /><table:ruleNode xlink:type="resource" xlink:label="eba_a1.root"

abstract="true" id="eba_a1.root" />

<table:breakdownTreeArc xlink:type="arc"

xlink:arcrole="http://xbrl.org/arcrole/PWD/2013-05-17/breakdown-tree" xlink:from="eba_a1" xlink:to="eba_a1.root" order="0" />

<?xml version="1.0" encoding="utf-8"?>

<?taxonomy-version 2.2.3.0?> <?taxonomy-set-overall-version 2.6.0.0?>



<link:linkbase ... xmlns:table="http://xbrl.org/2014/table" ... >

<link:arcroleRef arcroleURI="http://xbrl.org/arcrole/2014/breakdown-

tree" xlink:type="simple" xlink:href=

"http://www.xbrl.org/2014/table.xsd#breakdown-tree" /><link:arcroleRef arcroleURI="http://xbrl.org/arcrole/2014/definition-

node-subtree" xlink:type="simple" xlink:href="http://

www.xbrl.org/2014/table.xsd#definition-node-subtree" /><link:arcroleRef arcroleURI="http://xbrl.org/arcrole/2014/table-

breakdown" xlink:type="simple" xlink:href= "http://www.xbrl.org

/2014/table.xsd#table-breakdown" />

<link:roleRef roleURI="http://www.eba.europa.eu/xbrl/crr/role/fws/ COREP/its-2016-03/2016-11-15/tab/C_02.00" xlink:type="simple" xlink:href="c_02.00.xsd#role" />

<gen:link xlink:type="extended" xlink:role="http://www.eba.europa.eu

/xbrl/crr/role/fws/COREP/its-2016-03/2016-11-15/tab/C_02.00">

<table:table xlink:type="resource" xlink:label="eba_tC_02.00" id="eba_tC_02.00" />

<table:breakdown xlink:type="resource" xlink:label="eba_a1"

parentChildOrder="parent-first" id="eba_a1" /><table:ruleNode xlink:type="resource" xlink:label="eba_a1.root"

abstract="true" merge="true“ id="eba_a1.root" />

<table:breakdownTreeArc xlink:type="arc"

xlink:arcrole="http://xbrl.org/arcrole/2014/breakdown-tree" xlink:from="eba_a1" xlink:to="eba_a1.root" order="0" />

2.5 2.6

Taxonomy Packages“defines a standard format and location for a manifest file that can be included in ZIP

files of taxonomy files that allows compliant tools to identify relevant entry points and

remappings allowing XBRL tools to treat the contents of the package as an offline

copy, without the need for additional configuration”


Dictionary 2.5 Dictionary 2.6 Dictionary 2.7

FINREP

COREP

AE

FP

SBP

FINREP

COREP

AE

FP

SBP

FINREP

COREP

AE

FP

SBP

FINREP

COREP

AE

Reporting Frameworks 2.0-2.5

FP

SBP

FINREP

COREP

AE

Reporting Framework 2.6

FP

SBP

FINREP

COREP

AE

Reporting Framework 2.7

FP

Extensible Enumerations


“allows domain member networks to constrain the allowed values for

primary reporting concepts, enabling taxonomy authors to define extensible

enumerations with multi-language labels.”

The EBA architecture already had a (limited) approach to this:

“In the case of domain based data types, an additional attribute

(model:domain) is included to identify the qualified name of the domain.

Where the acceptable values for a metric is a subset of an explicit domain, an

additional attribute (model:hierarchy) is included to identify a hierarchy

containing the acceptable subset of domain values.”

but a non-standard approach has clear limitations…

EBA -> Extensible Enumerations

2.5

<xs:element name="ei4" type="xbrli:QNameItemType" nillable="true"

substitutionGroup="xbrli:item" id="eba_ei4" xbrli:periodType="instant"

model:domain="eba_exp:AS"

model:hierarchy="http://www.eba.europa.eu/xbrl/crr/role/dict/dom/AS/AS1"

/>

2.6

<xs:element name="ei4" type="enum:enumerationItemType" nillable="true"

substitutionGroup="xbrli:item" id="eba_ei4" xbrli:periodType="instant"

model:domain="eba_exp:AS"

model:hierarchy="http://www.eba.europa.eu/xbrl/crr/role/dict/dom/AS/AS1"

enum:domain="eba_exp:AS"

enum:linkrole="http://www.eba.europa.eu/xbrl/crr/role/dict/dom/AS/AS1"

/>


Drivers for future change


Regulatory refinement

EventsIFRS 9, CRR 2

Ecosystem change The (predictably)

unpredictable

Internal

External

Incr

eme

nta

lJu

mp

s

Framework roadmap

12

Taxonomy TaxonomyNormal release Technical changes only

Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4

COREP 2.3.0

DPM 2.7

SBP 1.0.4

DPM 2.6

SBP 1.0.3

FP 1.0.3

AE 1.0.2

FINREP 2.1.5

2017 2018

DPM 2.5

FINREP 2.2.0 (IFRS 9 Exposure Draft)

FP 1.0.4

AE 1.0.3

COREP 2.2.3

FINREP 2.1.6

FINREP 2.2.1

DPM 2.8

SBP 1.0.5

FP 1.1.0

2019Q1 Q2 Q3 Q4

FINREP 2.2.2

COREP 2.3.1COREP 2.2.2

AE 1.0.4

FP 1.0.5

REM 1.0.0

44

44

IFRS transition – Taxonomy details


Q2 Q3 Q4 Q1 Q2 Q3 Q4

2017 2018

FINREP “2.6”

FINREP “2.7”

2019Q1 Q2 Q3

FINREP “2.8”

Q1

FY 2017/18 FY 2018/19

FY 2018FY 2017

1 2 3 1 2 3

31 2 21

31 2 4

1 2 3

3

31 2

FY 2017/18 FY 2018/19

FY 2019

FY June-June

FY Dec 31-Dec 30

FY Jan 01-Dec 31

30 Dec

31 Dec

30 Mar 29 Jun 29 Sep

Ecosystem factors

Data point methodology

Mandates, Products

and Services

Taxonomy architecture

EBA Data Model


The Information Value Chain


Regulated Entities

Competent Authorities

EBA

Regulatory Reporting

• Well known, structured data model

• Common technical format (largely)

Very high degree of (re)usability and comparability of data

Very efficient information flows

The Information Value Chain

Transparency and

Stress testing


Public / Market

Regulated Entities

Competent Authorities

EBA

Disclosure

Maturity Curve

INNOVATE?

STAGNATE?

INNOVATION ADOPTION MATURITY DECLINE?

TIME

Early development

Roll out

Exploitation

Future

Contact Channels

For technical (IT) questions related to the EBA XBRL taxonomy, DPM Database

or EBA DPM methodology:

[email protected]

Please do get in touch if you have suggestions or feedback

Questions on regulatory content /business logic should be raised via the EBA Q&A tool

http://www.eba.europa.eu/single-rule-book-qa


mailto:[email protected]

http://www.eba.europa.eu/single-rule-book-qa

EUROPEAN BANKING AUTHORITY

Floor 46, One Canada Square, London E14 5AA

Tel: +44 207 382 1776Fax: +44 207 382 1771

E-mail: [email protected]://www.eba.europa.eu

crd iv status and roadmap of xbrl...

Documents