Supervisory Reporting Working Group

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Under construction This page is intended as interactive working board of the supervisory reporting working group of XBRL Europe

Contents

Introduction

This wiki is open to member of the Supervisory Reporting working group to exchange information on reporting related to banking or insurance supervision.

Charter of the working group

Purpose of the working group

The Supervisory Reporting working group (SR) is the successor of the Harmonization COREP/FINREP working group that was created in 2008 in relation to XBRL reporting defined by the CEBS.

This working group is created as a platform for mutual information, exchange and liaison with European Supervisory Authorities and National Supervisory Authorities .

Situation

This working group considers all supervisory XBRL filings currently implemented and in the course of implementation in the context of supervisory regulations, European or national.

Given the following:

  • European Supervisory Authorities define taxonomies for Europe-wide reporting. These authorities are currently EBA, EIOPA and, in the near future, ECB. In due time, ESMA may be added to this list.
  • The European taxonomies have to be implemented in different European countries by national supervisory authorities, submitters and software providers.
  • Some NSAs also develop local taxonomies for their complementary needs.
  • These taxonomies are developed by a small number of in-house or external experts and may present issues to other stakeholders or point of optimization.
  • Taxonomies have a potential large number of stakeholders, but European authorities only dialogue with National authorities that may lack XBRL skills.
  • The same issues may be discovered by several stakeholders, they have to be documented, sent and processed several times.

Activities

The Supervisory Reporting working group will perform the following activities:

Sharing

  • Information related to Supervisory Reporting will be shared by the members of the group
  • Issues related to Supervisory Reporting will be shared by the members of the group.
  • Early versions of taxonomies may be communicated to the Supervisory Reporting working group that may test them against various tools and provide feed-back.
  • Test cases and best practices proposed by members may be shared.

Communication

  • The group may be involved in communicating information related to Supervisory Reporting, like conferences or presentations to reporters or software providers.

Liaison

  • Information related to Supervisory Reporting will be shared by the members of the group.
  • Topics related to supervisory reporting may be freely discussed in the group, including: filing rules, best practices, choice of implementation.
  • Follow up on CEN WS XBRL workshop deliverables…

Deliverables

  • Gather experiences and lessons learned from preparers and authorities on the group’s internal wiki
  • Gather issues, assess them, share and liaise with authorities
  • Provide feed-back and liaise with authorities on their taxonomies and related topics (security, transfer mechanisms, metadata…)
  • Liaise and supplement dialogue facilitation between existing content and technical working groups on harmonization of European taxonomies and related topics

The main vector for exchange will be a wiki, restricted to the members of the group (this wiki), at the following address: http://xbrlwiki.info/index.php?title=Supervisory_Reporting_Working_Group.

Every three months, the working group will make a report on its objectives and their fulfilment to the Executive Committee of XBRL Europe and a report to the member of the group on its activities.

Out of scope

This working group will not:

  • Redefine taxonomies
  • Edit or modify taxonomies

Audience

  • Any party involved in supervisory filings under XBRL format
  • Banking, financial institutions, insurance companies… more specifically regulatory reporting departments
  • European or National authorities
  • Integrator and consulting partners providing services to filing companies
  • Software developers companies that provide tools used for regulatory filing
  • The working group members are affiliated by membership to XBRL Europe, directly or through organizations recognized by XBRL Europe.

Information area

Banking Supervision

EBA

Currently, technical information on the EBA Data Point Model and the related taxonomies may be found in the Web site of EBA: http://www.eba.europa.eu/regulation-and-policy/supervisory-reporting/implementing-technical-standard-on-supervisory-reporting-data-point-model- (sic).

This page lists the different DPM and taxonomy packages' artefacts as well as the current list of validation rules with their status.

An Excel workbook lists the validation rules, including those that are to be deactivated because they are wrong or may cause issues. It is located in the section of the last available version, but covers all versions, in different worksheets.

It is updated periodically; at the time of writing this text, the current version is located at http://www.eba.europa.eu/documents/10180/997051/EBA+Validation+Rules+-+2015+02+27.xlsx (version of March 2nd, 2014).

Taxonomies versions

The version numbers here represent the DPM and taxonomy package version - from V2.3 on, EBA also name each package YYYY-(A/B). Each taxonomy inside a package has its own version number.

V2.4 (or 2015-B)

The first reference date of this version, also called 2015-B, is January 31th, 2016 (sic).

V2.3 (or 2015-A)

The EBA CRR Taxonomy package V2.3 has been published on March 2nd, 2015 (http://www.eba.europa.eu/-/eba-publishes-new-dpm-and-xbrl-taxonomy-for-remittance-of-supervisory-reporting-as-of-30-june-2015).

The files related to this version are available (with the files concerning previous versions) in the Web site of EBA: http://www.eba.europa.eu/regulation-and-policy/supervisory-reporting/implementing-technical-standard-on-supervisory-reporting-data-point-model-.

The first reference date of this version, also called 2015-A, is June 30th, 2015.

V2.2

The first reference date of this version is December 31th, 2014.

Known issues

o Single filing indicator value for C 6.01 and C 06.02

In version 2.2, table C 06.00 has been renamed C 06.02, and a new table, C 06.01, has been introduced. Hovewer, the filing indicator's value of version 2.1, "C_06.00" has been kept (in fact C 06.01 and C 06.02 should have been named C 06.00.a and C 06.00.b, respectively).

So, tables C 06.01 and C 06.02 are considered as a single reporting unit, corresponding to the filing indicator's value "C_06.00". In taxonomy package version 2.3, this will change and the new values "C_06.01" and "C_06.02" will have to be used.

ECB

NCA's

Belgium: National Bank of Belgium

France: ACPR / Banque de France

All information related to Banking supervision reporting may be found in the "e-SURFI Banque" Web site: https://esurfi-banque.banque-france.fr/accueil/. Currently the information is available only in French.

Inquiries and request for support must be sent to: mailto:sagemoa-garu@acpr.banque-france.fr, in English or French.

Insurance Supervision

EIOPA

Currently, technical information on the EIOPA Solvency II Data Point Model and the related taxonomies may be found in the Web site of EIOPA: https://eiopa.europa.eu/regulation-supervision/insurance/reporting-format.

Inquiries and request for support may be sent to: mailto:xbrl@eiopa.europa.eu.

Taxonomies versions

V2

Solvency II V2 taxonomies are aimed at full Solvency II reporting, with first reference date at December 31th, 2015.

The first release should be published by EIOPA end of July 2015. A bug fix release may occur in September, if needed.

Mention validation by EC July 2015 for 4 months

V1.7 PWD

This version should be published for public consultation, lasting two-weeks, by EIOPA end of May 2015.

V1.6 PWD

This version should be published for public consultation, lasting two-weeks, by EIOPA end of March 2015.

V1.5.2.c

This version should be published by EIOPA beginning of March 2015.

This version corrects some bugs of V1.5.2.b and introduces messages and labels using the "Row/Column codification".

This version is intended to be compatible with V1.5.2.b, at instance level (i.e.: a correct V1.5.2.b instance is valid, according to V1.5.2.c taxonomy).

Unlike V1.5.2.b, this version is generated by the tool (DPM Architect) that will be used to generate taxonomies to be used for the "Full Solvency II" reporting (V2 onwards).

V1.5.2.b

This version, published on December 23rd, 2014, is a hotfix of version 1.5.2, done at XML level. It also introduce "Row/column" codification.

Instances reported to EIOPA for 2015 Preparatory reporting may use this version or version 1.5.2.c which is intended to be compatible with it, at instance level (i.e.: a correct V1.5.2.b instance is valid, according to V1.5.2.c taxonomy).

Note: For level 2 reporting (between NCA's and EIOPA), EIOPA will accept instances referencing either V1.5.2.b or V1.5.2.c taxonomies, level 1 or level 2 (Ring Fenced Funds-related data have not to be sent to EIOPA but may be sent). For level 1 reporting, refer to the information published by the appropriate NCA.

Note: EIOPA has published a new revision of the V1.5.2.b taxonomy package (called "republished taxonomy"). This taxonomy is exactly the same as the one in the initial publication, only the structure of the package has changed and some documents have been fixed.

Known issues

o Possibility of "chimeric" facts

The hotfix at XML level has produced "shortcuts" in the dimensional relationships, allowing the assocition of undue values to some dimensions, for some facts.

This version of taxonomy does allow the reporting of some facts associated to strange dimensional combinations that should not occur in instances.

V1.5.2 (obsolete)

This version, published in July 2014, has been developed to be used for Preparatory reporting.

However several flaws were discovered and a hotfix has been applied, leading to version 1.5.2.b.

V1.2.1 (France only)

This version is an extension, made by Banque de France to correct bugs, of the EIOPA V1.2 taxonomy published in January 2014.

It has been used in France to report a subset of the Preparatory reporting, on an annual solo basis, with a reference date of December 31th, 2013.

More than 200 undertakings have reported XBRL instances.

Undertakings may still use this taxonomy to report 2013 data.

National Competent Authorities

Belgium: National Bank of Belgium

France: ACPR / Banque de France

All information related to Insurance supervision reporting may be found in the "e-SURFI Assurance" Web site: https://esurfi-assurance.banque-france.fr/current/accueil/. Currently the information is available only in French.

Inquiries and request for support must be sent to: mailto:support-s2-assurances@acpr.banque-france.fr, in English or French.

Solvency II Preparatory Reporting

ACPR / Banque de France has decided to accept only instances referencing EIOPA taxonomy V1.5.2.b taxonomy for 2015 Solvency II Preparatory Reporting.

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