ECB-PUBLIC
DRAFT
Juan Alberto Sánchez
Senior Economist-Statistician
Statistical Information Services
State of play on
adoption and
implementation of
XBRL taxonomies
Rubric
Overview
ECB-PUBLIC
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SSM Supervisory Reporting – Adoption of XBRL
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Reporting by insurance undertakings – Facilitating the use of XBRL
NOTE: This presentation should not be reported as representing the views of the European Central Bank
(ECB). The views expressed are those of the author and do not necessarily reflect those of the ECB
2
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Rubric
SSM Supervisory reporting – Adoption of XBRL (1/3)
ECB-PUBLIC
• EBA ITS incorporates a Data Point Model (DPM) for formal
definitions
– Mandatory for primary reporting:
Institutions to NCAs
– Mandatory for secondary reporting:
NCAs to EBA
• EBA has designed an XBRL Taxonomy for exchange of data
– Not Mandatory for primary reporting:
NCA could collect data using other exchange formats
– Mandatory for secondary reporting
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Rubric
SSM Supervisory reporting – Adoption of XBRL (2/3)
ECB-PUBLIC
• ECB is building a new system for the collection, processing
and dissemination of supervisory banking data – SUBA
– The collection of data will start in summer 2014
– Earlier data collection (if possible)
 Be able to test the system
 Ensure the right preparation.
• SUBA will use EBA DPM as internal data dictionary
– Further harmonisation in collecting and processing supervisory data 
– For the ECB, it is difficult to harmonise statistical and supervisory data 
Challenge!!
EBA-ECB coordination of future developments of the DPM
regarding the definition of new supervisory data requirements
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Rubric
SSM Supervisory reporting – Adoption of XBRL (3/3)
ECB-PUBLIC
• ECB will use the same EBA-XBRL taxonomy to collect data
for the SSM
– Avoid increasing the reporting burden
– Allow all NCAs, whether SSM or not, to report in the same format
• Sequential approach
– SSM-NCAs send data to the ECB and ECB to EBA.
– Avoid double reporting (EBA and ECB)
– Same deadlines for non-SSM  EBA as for SSM  ECB  EBA
Level playing field
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Rubric
Reporting by insurance undertakings – Facilitating the use of XBRL
ECB-PUBLIC
• EIOPA has designed an XBRL Taxonomy that covers
supervisory reporting by insurance undertakings
• ECB intends to collect euro area statistics on insurance
corporations
– Some additional reporting requirements for insurance undertakings
– The ECB will collect the data through NCBs which collaborate with NCAs
• Insurance representatives expressed a clear preference for
reporting following a single reporting framework
– Integration of the ECB requirements into EIOPA’s XBRL taxonomy
The ECB consequently pursued the coordination with EIOPA and NCBs
so as to address the preference of insurance representatives
Not increasing the reporting burden
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Rubric
Questions
ECB-PUBLIC
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WGSIM-SSM Exchange specification
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