CRD IV (COREP/FINREP) Reporting

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The Capital Requirements Regulations (CRR) brings in a new EU-wide supervisory reporting framework for Financial Reporting and Common Reporting (COREP/FINREP):

  • COREP covers capital requirements and own funds reporting.
  • FINREP covers Financial Reporting for supervisory purposes based on International Accounting Standards (IAS)/International Financial Reporting Standards (IFRS), as endorsed by the European Union.

 

The CRR contains specific mandates for the EBA to develop Implementing Technical Standards (ITS) for supervisory reporting. These ITS will help to enhance regulatory harmonisation in Europe, particularly by specifying consistent formats, frequencies and dates of prudential reporting, as well as IT solutions to be applied by firms.

Reporting requirements ensure that there is fair competition between credit institutions and investment firms, which will lead to more efficient working and more joined-up supervisory practices.

CRD IV EBA Taxonomy in Report Authority

CONTENTS.

The CRD IV DPM XBRL Taxonomy contains the following modules:

  • COREP (Own Funds & Leverage, Liquidity Coverage, Large Exposures,  Stable Funding, ALM and LCR Delegated Act)
  • FINREP
  • Asset Encumbrance
  • Supervisory Benchmarking Portfolio
  • Funding Plans

CRD IV DPM AND XBRL TAXONOMY

To ensure the ITS on supervisory reporting requirements are implemented consistently, the templates described in the Annexes have been translated into a data point model (DPM) which in turn is used to generate the taxonomy.

The DPM is a structured representation of the data, identifying all the business concepts and its relationships, as well as validation rules and the taxonomy is the vehicle that enables data to be shared in line with the DPM structure.

These artefacts along with the accompanying documentation, contain all the relevant technical specifications we needed to develop DPM Authority.

CRD IV EBA DPM Taxonomy in Report Authority
CRD IV Taxonomy Representation in Report Authority

INTUITIVE PRESENTATION OF DPM TEMPALTES.

DPM Authority presents individual DPM templates as XBRL tagged tables as described by the XBRL taxonomy.

GENERATION OF EXCEL INPUT TEMPLATES.

DPM Authority can generate and link to Excel versions of the DPM templates. These workbooks can be used to automate reported data points using calculations and linking to external data sources for automatic importing into DPM Authority.

Creation of Excel Versions of the Solvency II QRTsExcel Version of COREP Templates
Interactive Validation Results

INTERACTIVE VALIDATION RESULTS.

XBRL validation failure messages are typically very difficult to understand and to resolve. DPM authority helps the user by presenting each failure in a number of different ways. Each message is interactive where clicking on a failure will highlight the data points contributing to the issue in the user interface.

DRAG AND DROP ORACLE EPM AUTOMATION.

DPM Authority is the only CRD IV tool that can integrate natively with Oracle EPM (HFM, Planning and Essbase).  EPM dimensions and their members are listed in the automation panel and can be dragged and dropped onto individual cells, entire rows, columns or sheets.  It couldn’t be simpler.

 

Drag and Drop Automation with Oracle EPM

Hiding the complexities of XBRL.

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