XBRL PROJECTS AND EVENTS IN SPAIN
Federico FlórezCIO – Bank of Spain Executive Secretary- XBRL Spain
12th XBRL International Conference
Tokyo, Japan
November 7 – 11, 2005
XBRL in Spain
XBRL Projects
Bank of Spain - Director Plan
Next steps
Conclusions
agenda
4
Increase the number of
members
Consolidate XBRL Spain
organization.
Taxonomies development
Spread the XBRL standard
Promote activities with Latinamerica
Objectives to achieve
after 1 year
5
3
2
1
XBRL PROJECTS AND EVENTS IN SPAIN
XBRL in Spain
XBRL PROJECTS AND EVENTS IN SPAIN
XBRL in Spain
Organization
General Meeting
President
Strategic Commission
AuditCommittee
General Secretary
Facilitator
Board
Consultancy & Mediation
Marketing & Communication
Management & Secretary
Accounting
Basel II
Taxonomies
Technology
Development & Training
Vicepresident
XBRL PROJECTS AND EVENTS IN SPAIN
Members
XBRL in Spain
XBRL
PROJECTS
XBRL PROJECTS AND EVENTS IN SPAIN
ACRONYM COMPLETE NAME RESPONSIBLE OBJECTIVE
IPP Información Pública Periódica
CNMV Estados financieros públicos de las empresas cotizadas y operadores en mercados bursátiles (circular 2/2002 de la CNMV).
PGC90 Plan General Contable – 1990
ICAC Cuentas anuales definidas en el Plan General Contable de 1990, que deben depositar todas las empresas españolas en los Registros Mercantiles.
DGI Datos Generales de Identificación
Registro Mercantil Datos comunes utilizados por diferentes instituciones para la identificación de las entidades.
SST Sociedades y Servicios de Tasación
Banco de España Envío de información pública de las sociedades de tasación.
SIIF Sistemas de Intercambio de Información Financiera
Banco de España Estados financieros públicos de las entidades financieras (Circular 4/2004 del Banco de España)
COREP Common Reporting CEBS (Banco de España)
Núcleo de información común sobre solvencia de entidades financieras incluido en el Pilar I del acuerdo de Basilea II y su transposición a la normativa europea (revisión Directiva 12/2000)
SEPBLAC Servicio Ejecutivo de la Comisión para la Prevención del Blanqueo de Capitales e Infracciones Monetarias
Banco de España
Información remitida al SEPBLAC en el ámbito de las medidas de prevención del Blanqueo de Capitales.
BP/CB Balanza de Pagos / Central de Balances
Banco de España Envío de información a la Balanza de Pagos por los obligados informantes y a la Central de Balances por las empresas que, voluntariamente, remiten sus datos.
XBRL PROJECTS AND EVENTS IN SPAIN
XBRL in SpainFir
st
year
resu
lts
SOUTH AMERICA ACTIVITY
21 October 2005 – Chile X Congress CLAD
5 - 8 July 2005 – Honduras CNMV Congress
13 - 16 June 2005 – Brazil CLAD Congress
1 - 3 June 2005 – Bank of Spain - Madrid XXXI Reunión de Sistematización de Banca Central. Bancos Centrales miembros del CEMLA
10 December 2004 - México D.F Normas Internacionales de Información Financiera para las Entidades de Crédito”. CEMLA
18 November 2004 - Cartagena de Indias (Colombia)
III Reunión del Grupo de Expertos Contables. IIMV (Instituto Iberoamericano de Mercados de Valores)
SPAIN ACTIVITY
29 September 2005 – Madrid II Congress XBRL Spain
29 June 2005 – London (UK) 1ª European Conference XBRL Financial Services
21 June 2005 - Madrid (Spain) XBRL Conference Public Sector: "XBRL, un nuevo impulso hacia la modernización en el Sector Público"
16 - 18 June 2005 - Cerdeña (Italy) XBRL - ¿Cuáles son sus posibles usos y qué beneficios reporta a las entidades financieras? iBANCA, organized by INFODESA
1 June 2005 – Madrid (Spain) XBRL: Transformando el presente, acercando el futuro. Fujitsu y AFI
31 May 2005 – Madrid (Spain) III Edición de XML Business Integration World. Software AG
30 May 2005 – Madrid (Spain) II Internal Communication Seminar XBRL Spain
17 May 2005 – Madrid (Spain) Jornada de Desarrolladores de Software
26 - 29 April 2005 – Boston (USA) 11th XBRL International Conference
26 April 2005 – Madrid (Spain) 1er Congreso Extraordinario - Normas Internacionales de Información Financiera
18 - 21 Abril 2005 – Bank of Spain – Madrid (Spain) 2º Workshop Supervisors XBRL
27-29 April 2005 – Barcelona (Spain) Foro Club de Usuarios del Servidor Financiero. INFODESA
7 March 2005 – Ámsterdam (Holland) XBRL in Europe - Jurisdiction Development meeting in Amsterdam
3 - 18 February – Bank of Spain - Madrid 1st Workshop Supervisores sobre XBRL
31 January 2005 – Bank of Spain Internal Communication Seminar XBRL Spain
25 November 2004 - Madrid VI International Congress IT Experts. "La e-administración en la información financiera”
25 November 2004 - Valencia III Congreso Directivos CEDE
19 November 2004 - Malta III Convención Fujitsu para Entidades Financieras
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.
XBRL PROJECTS AND EVENTS IN SPAIN
Bank of Spain – Director Plan
Bank of Spain
Financial
Institutions
International RegulatorsIMF
World Bank
Public
Other International Institutions
Eurostadt
I.A.S.B.
B.I.S.
OthersA.H.E.
A.E.B.
C.E.C.A.
F.G.D.U.N.C.C.ASNEF
D.G.S.
I.N.E.
Other Government Institutions
C.N.M.V.
F.G.D.Mercanti
le
Register
Treasury
Department
Valuation Companies
Exchange
Business
Non Financial Institutions
Other Non financial Institutions
Saving Banks
Credit Cooperativ
es
ICO Banks
Credit Financial
Institutions
ECB
Internal analysis
XBRL PROJECTS AND EVENTS IN SPAIN
Bank of Spain – Director Plan
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, …)
XBRL PROJECTS AND EVENTS IN SPAIN
External analysis
Bank of Spain – Director Plan
• 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
Business Criteria
Technological Criteria
• Taxonomy
• Tendencies
• Leadership
External analysis Criteria
Corporative image Criteria
XBRL PROJECTS AND EVENTS IN SPAIN
Opportunities
Bank of Spain – Director Plan
Projects
XBRL PROJECTS AND EVENTS IN SPAIN
Bank of Spain – Director Plan
1. Credit Risks Information
D.G. 2. Financial Information regulated by Bank of SpainBanking Regulations
Financial Reporting and 3. Information sent to external agentsCentral Credit Register System
Financial Institutions 4. BAS II
5. Generic information of entities
D.G. 6. Non financial companies informationEconomics, Statistics and Research
Central Balance Sheet Data 7. Non financial companies statistical information
D.G. 8. BP information preparationInternational AffairsBalance of Payments 9. BP statiscal information
IT Projects Architecture, infrastructure, tools
Access Channels
Orchestration / Integrator
Infrastructure Services
Logs Services Reports Generation Directory Services
…
Integrated Services
Reports, Transformation, Analysis, Validation, Storage …
Messages Treatment
Connectors, Mappers, Validation, Routers, etc.
Services
of
Security
Contents Management
Application Services
Commercial Packages
…
Complex Information System example (Bank of Spain)
Clients
HOST Data warehouse
Persistence
of data
INFORMATION BUS
PREPARE TECHNICAL SOLUTION
Def
ine
& i
mp
lem
ent
the
log
ical
arc
hit
ectu
re
XBRL added here!
XBRL PROJECTS AND EVENTS IN SPAIN
Bank of Spain – Director Plan
Increase the number of members
Help South and Central America to implement XBRL
Extend the use of XBRL in Spain with more projects
XBRL PROJECTS AND EVENTS IN SPAIN
Next steps
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
XBRL PROJECTS AND EVENTS IN SPAIN
Conclusions