Mariette Lokin - PowerPoint PPT Presentation

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Mariette Lokin

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Harmonisation. Optimization of the reporting chain. Multiple regulatory reporting ... XML-based drafting: guarding harmonization in the process ... – PowerPoint PPT presentation

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Title: Mariette Lokin


1
Experiences and lessons learned
  • Mariette Lokin
  • February 2009

2
Index
  • Objects
  • Approach
  • Experiences
  • Lessons learned
  • Beyond NTP

3
Objects
  • Reducing Administrative Burdens
  • Annual accounts, Ministry of Justice (Civil Code)
  • Using XBRL-FR

4
Approach
  • Co-operation with Ministry of Finance
  • Sharing advantages tax and statistics
  • Building a taxonomy
  • Developing a process infrastructure
  • Creating preconditions, not obligations

5
Starting point
6
Desired situation
Business records are the central source
Intermediary
Store once, report to many
7
SOA
8
Experiences
  • Normalisation
  • Harmonisation
  • Optimization of the reporting chain
  • Multiple regulatory reporting
  • An authorized taxonomy
  • Restoring the link between legislation and
    administration

9
Experiences
  • Common understanding, individual interests
  • Agencies
  • Market (intermediaries, software vendors)
  • Representative bodies
  • Creating momentum, recognizing different agendas
  • Need for moderation covenant between government
    and market

10
Lessons learned
  • Semantic interoperability starts in legislation
  • Legitimacy is undisputed, but success is
    dependant of adoption by agencies and market
  • Support the reporting and compliance process of a
    business its not just another export-format.
  • Actual fulfilment of preconditions market- and
    agency-sufficient, in time, protecting
    investments
  • Create a critical mass by supporting early
    adopters
  • You can only eat an elephant bite by bite

11
Beyond NTP
  • Substantial change in reporting chains
  • Market dis-intermediation, shift from commodity
    to value added services, role in supervision
    (horizontal monitoring)
  • Agencies multiple regulatory monitoring
  • Applying the concept of standardization in data
    and processes in other chains Standard Business
    Reporting
  • From reducing admin burdens to ensuring
    legislative quality

12
Beyond NTP II
  • Taxonomy management is crucial

13
Beyond NTP III
  • Towards generic metadata in legislation
  • XML-based drafting guarding harmonization in the
    process
  • Planning and control in view of versioning
  • Automatic consolidation
  • Facilitating the building of taxonomies
  • LEGIS programme

14
http//www.xbrl-ntp.nl/englishhttp//www.sbrconfe
rence.nl/en/
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