Closing
date for comments is 23rd April 2010
(At end
of XII European Banking Supervisors XBRL Workshop in Rome)
A new FINREP fully dimensional
Taxonomy was published on 31st December 2009.
This XBRL taxonomy, like all
major XBRL taxonomies, represents a significant effort by a large number of
people, in this case by people primarily within the FINREP XBRL group.
Request for Comments
What is being requested now is the expert opinion, comments and
observations of the wider XBRL community on the new Taxonomy.
Location of Taxonomy
The taxonomy and all the related supporting documentation can
be found here: http://www.eurofiling.info/
Feedback Collection
To try ensuring a structured and transparent approach to the
collection, collation and processing of all relevant feedback, the feedback is
being collected on the following website:
http://www.semic.eu [The
Semantic Interoperability Centre Europe]
Registration, which is free, is required on http://www.semic.eu to provide the
feedback.
The process for registration and providing
feedback on http://www.semic.eu is
described here:
http://www.eurofiling.info/finrepTaxonomy/taxonomy/Posting%20comments%20on%20SEMIC.eu.pdf
Once you have registered, the next link below will bring you
to the relevant section:
http://www.semic.eu/semic/view/Asset/Asset.SingleView.xhtml?id=59388
from where the discussion can
be joined by clicking on: Join forum discussion.
[The website allows internal bookmarking as well as discussion
tracking]
[Alternatively, feedback can be provided by sending an email
to finrep@eurofiling.info ]
On behalf of my colleagues, we very much look forward to receiving
your valuable feedback.
Some background
For the benefit of our colleagues who may not be familiar with the
background to this new taxonomy, a few, non-normative, introductory lines
on the process thus far are provided below:
In the main, the starting point is the various IFRS
Accounting Standards that have been approved by the EU.
These standards give rise to a series of numerical reporting
requirements that have been described in a set of Excel spreadsheets called the
FINREP templates. The FINREP templates are published by the Committee of European
Banking Supervisors. (CEBS)
Building on the experience gained from the development and use of
the earlier FINREP taxonomies, a taxonomy architecture document entitled Eurofiling
Framework Taxonomy Architecture was prepared.
There are six main principles that underpin the architecture.
<
2 Principles
..
1. Simplicity of the reporting process: the
architecture must focus on simplification of instance
document creation.
2. Stability: the application of the
architecture must minimize the impact of changes resulting
from amendments of information requirements on consuming systems.
3. Consistency: the framework under the
architecture must be consistent in design and the
taxonomies must be coherent and explicit.
4. Compliance with specifications, best practices and related
taxonomies (e.g. IFRS): the
architecture must maximally conform to
approaches applied in other related projects.
5. Maintainability: the architecture must
allow for the framework be easy to maintain by
supervisors.
6. Performance: the application of the
architecture should result in other technical advantages
including reduced size of instance documents, better
performance in processing (e.g. DTS
loading), etc.
The
full Eurofiling Framework Taxonomy Architecture document can
be found here:
Eurofiling Framework Taxonomy Architecture
http://www.eurofiling.info/finrepTaxonomy/taxonomy/EFTA_20091217.pdf
A sense of the extensive collaborative discussions that shaped the
architectural decisions can be garnered from the 300+ slides in the Technology
made easy document here:
Technology made easy
http://www.eurofiling.info/11th_workshop/presentations/BR-AG_DevelopmentApplicationCOREP-FINREP.pdf
The FINREP templates were converted into a comprehensive set of
data points which are contained in an Excel spreadsheet, entitled Data
Points Structure here:
Data Points Structure
Finally the fully dimensional taxonomy was created, DTS
taxonomy files along with the underlying documentation entitled Supporting
explanatory documentation provided below:
DTS taxonomy files
http://www.eurofiling.info/finrepTaxonomy/taxonomy/finreptaxonomy20091231.zip
Supporting explanatory documentation
Enjoy!
Closing
date for comments is 23rd April 2010
(At end
of XII European Banking Supervisors XBRL Workshop in Rome.)
Announced by:
Colm O hAonghusa
XBRL Spain