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