RFB001-RFB071 – Ring Fencing Reporting in XBRL

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Ring Fencing Reporting is required by the PRA to be in XBRL format starting from 1 January 2019.

This is relevant to those banking groups that are required by the Financial Services and Markets Act 2000 (FSMA) as amended by the Financial Services (Banking Reform) Act 2013 (the Banking Reform Act) to ring-fence their ‘core activities’. This includes both those groups which currently have ‘core’ deposits – broadly those deposits from individuals and small businesses – in excess of £25 billion and those groups which expect to exceed this threshold by 1 January 2019.

This is also be relevant to banks and banking groups which may approach this threshold over time. This is of interest to financial and other institutions, and customers who have dealings with these banking groups.

The PRA has developed the policy in the context of the existing UK and European Union (EU) regulatory framework. The PRA will keep the policy under review to assess whether any changes may be required in connection with the UK’s withdrawal from the EU.

Capital+ Taxonomy in DPM Authority

CONTENTS.

There are eight ring fencing templates:

  • RFB001: Intragroup exposures
  • RFB002: Intragroup funding
  • RFB003: Intragroup financial reporting (core)
  • RFB004: Intragroup financial reporting (core and detailed breakdowns)
  • RFB005: Joint and several liability arising from taxes
  • RFB006: Excluded activity entities
  • RFB007: Use of financial market infrastructures
  • RFB008: Excluded activities and prohibitions

BANK OF ENGLAND BANKING XBRL TAXONOMY.

The taxonomy, data point model (DPM) dictionary, annotated templates and validation rules cover the requirements for financial statements as set out in PS36/16 ‘Financial statements – responses to Chapter 3 of CP17/16’ , which takes effect from 1 January 2018.

It also covers the requirements for Capital+ Reporting as set out in PS32/16 ‘Responses to Chapter 3 of CP17/16 – forecast capital data’, which takes effect from 1 October 2017.

Capital+ Taxonomy and DPM in DPM 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 Capital+ 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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