THE BANKING REPORTING PROJECTS IN BANK OF SPAIN (IFRS & BASEL II)

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agenda

• XBRL in Spain
• XBRL Projects
• Bank of Spain - Director Plan
• Next steps
• Conclusions

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XBRL PROJECTS AND EVENTS IN SPAIN
XBRL in Spain
Consolidate XBRL Spain organization.
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Increase the number of members
Objectives to achieve after 1 year
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Taxonomies development
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Spread the XBRL standard
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Promote activities with Latinamerica
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XBRL PROJECTS AND EVENTS IN SPAIN
XBRL in Spain
Organization
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XBRL PROJECTS AND EVENTS IN SPAIN
XBRL in Spain
Members
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XBRL PROJECTS AND EVENTS IN SPAIN
XBRL PROJECTS
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XBRL PROJECTS AND EVENTS IN SPAIN
XBRL in Spain
First year results
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XBRL PROJECTS AND EVENTS IN SPAIN
Bank of Spain Director Plan
Objectives

• Obtain an implementation plan of the XBRL
  standard in Bank of Spain, according to the
  following needs

• Decide in detail the opportunities of
  application of the XBRL standard in Bank of
  Spain.
• Schedule the different productive goals until
  the implementation of the identified
  opportunities.

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XBRL PROJECTS AND EVENTS IN SPAIN
Bank of Spain Director Plan
Internal analysis
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XBRL PROJECTS AND EVENTS IN SPAIN
Bank of Spain Director Plan
External analysis

• The external analysis is focus on the
  identification of the following aspects related
  to
• Regulations applicable (IAS, IFRS, BAS II)
• XBRL trends (XML, XBRL, XBRL standards,
  interoperability within other standards)
• Institutions related to XBRL (XBRL
  International, Jurisdictions, Working
  Groups)
• Different XBRL International initiatives
  (Regulators, banks, governs, stock
  exchanges, )

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XBRL PROJECTS AND EVENTS IN SPAIN
Bank of Spain Director Plan
Opportunities

• Requirements of FI for B.E.
• Stability in the information structure
• Information reuse
• Level of information into a hierarchy
• Property of information structure format
• Interoperability
• Flow automation
• Periodicity

• Taxonomy
• Tendencies
• Leadership

Business Criteria
External analysis Criteria
Corporative image Criteria
Technological Criteria
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XBRL PROJECTS AND EVENTS IN SPAIN
Bank of Spain Director Plan
Projects
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XBRL PROJECTS AND EVENTS IN SPAIN
Next steps
Increase the number of members Help South and
Central America to implement XBRL Extend the use
of XBRL in Spain with more projects
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XBRL PROJECTS AND EVENTS IN SPAIN
Conclusions
XBRL is a standard technology that can help in
multiple ways Regulators to reduce costs in
receiving and validating business data and
increase transparency Companies in the
financial sector to generate data using
standards Real projects means reality