Getting you there. XBRL within Dutch Banks VIII European Banking Supervisors XBRL Workshop Amsterdam November 6, 2007

Getting you there.

XBRL within Dutch BanksVIII European Banking Supervisors XBRL Workshop

AmsterdamNovember 6, 2007

Fortis | FIRE³ | 10 April 2023 | 2

Introduction

XBRL within Fortis

Adoption of XBRL within Dutch banks

Agenda


Introduction

Paul Rothwell

KPMG, Manager Financial Services

Email: [email protected]

Phone: +31 20 656 8095

Alexander Carp

Director Fortis Integrated Reporting Enablers³

Email: [email protected]

Phone: +31 30 2263863


Introduction

XBRL within Fortis


Agenda


15/12/07 15/04/08 15/05/08 15/06/0801/10/07

Design Build QANL Q1 08GO LIVE

FinRep NL (XBRL not mandatory)

Design Build QALU Q1 08GO LIVE

FinRep LU GO LIVE

Design Build QABE Q1 08GO LIVE

FinRep BE+ Pillar II BEGO LIVE

15/03/08

FR Q4 07GO LIVE

Design Build QAFinRep FR GO LIVE

Functional requirements - regulatory deadlines


Which tool for which reporting ?

Reporting Level of reporting Production XBRL output

Statutory FRS FRS FINREP

Consolidated Magnitude UBMatrix Statutory

COREP Consolidated

Fermat Fermat

Central Bank Statutory Magnitude UBMatrix


Scope - architecture

Magnitude

Taxonomy DesignerReport Builder

FinRep (BE – LU – FR – NL) + Pillar II (BE)

Regulators (BE – LU – FR – NL)

Download taxonomies and report templates


FINREPReport

FinancialData

FinancialData

EntréeAppuiemploi

EntréeAccompagnementpersonna

lisévers

l'emploi

EntréeAccès à

laformation

Entrée

Accompagneme

ntpersonnalisé

avecappuisocia

l

Totalentrées

Juill. 1999

EntréeAppuiemploi


lisévers

l'emploi

EntréeAccès à

laformation

Entrée

Accompagneme

ntpersonnalisé

avecappuisocia

l

Totalentrées

Août 1999

Jeunes à 6 mois hors RMI

Adultes à 12 mois hors RMI

Jeunes CLD à 12 mois

Adultes CLD à 24 mois

Bénéficiaires du RMI

Autres publics

Total Publics menacés par exclusion

TOTAL Public

ALEMACON

1 0 0 0 1 2 0 0 0 2

5 9 2 0 16 4 1 1 0 6

0 1 0 0 1 0 0 0 0 0

21 29 3 2 55 11 24 2 2 39

3 8 1 2 14 2 12 3 2 19

0 10 2 0 12 2 3 0 2 7

23 38 3 4 68 13 32 4 4 53

29 57 7 4 97 21 36 5 6 68

Taxonomies and report templates

XBRL Database

Scope - next step

Magnitude

ETL layer

External reports


FINREPReport

FinancialData

FinancialData

EntréeAppuiemploi


lisévers

l'emploi

EntréeAccès à

laformation

Entrée

Accompagneme

ntpersonnalisé

avecappuisocia

l

Totalentrées

Juill. 1999

EntréeAppuiemploi


lisévers

l'emploi

EntréeAccès à

laformation

Entrée

Accompagneme

ntpersonnalisé

avecappuisocia

l

Totalentrées

Août 1999

Jeunes à 6 mois hors RMI

Adultes à 12 mois hors RMI

Jeunes CLD à 12 mois

Adultes CLD à 24 mois

Bénéficiaires du RMI

Autres publics

Total Publics menacés par exclusion

TOTAL Public

ALEMACON

1 0 0 0 1 2 0 0 0 2

5 9 2 0 16 4 1 1 0 6

0 1 0 0 1 0 0 0 0 0

21 29 3 2 55 11 24 2 2 39

3 8 1 2 14 2 12 3 2 19

0 10 2 0 12 2 3 0 2 7

23 38 3 4 68 13 32 4 4 53

29 57 7 4 97 21 36 5 6 68

Taxonomies and report templates

XBRL Database

Interactions - possible future architecture

Magnitude

Operational Risk

COREPReport

Other systems

MarketRisk

Fermat

ETL layer

Project scope

BI systemsData Warehouse

FRAS

External reports

Crew


Introduction

XBRL within Fortis


Agenda


Round table discussion2 November 2007

• Participants• Fortis

• ABN AMRO

• Rabobank

• ING

• SNS REAAL

• De Nederlandsche Bank (DNB)

• Autoriteit Financiële Markten (AFM)

• XBRL Nederland

• Nederlandse Vereniging van Banken (NVB)

• KPMG

• Objectives• Exchange experiences with XBRL

• Discuss the potential business case for banks

• Explore possibilities for working together


Current status of XBRL within banks

• General conviction that an overall information/data standard is required, XBRL could be it

• Many banks have considered XBRL and have decided to await further development

• No actions planned by banks to further explore potential unless mandatory

• Banks remain very interested in future national and international developments that could renew interest in XBRL and fuel the business case


Scenario’s for using XBRL within banks

• Annual reports commercial clients

• Efficiency & speed

• Accuracy of risk assessment

• Client driven• Invoicing

Commercial banking

Banks & Customers

• Total information requirements

• Performance&compliance driven

• (Sub)Group & functional level

• Multi-dimensional

+

Master Data Management

Banks (internal)

• COREP/ FINREP

• IFRS/ US GAAP

• Tax & statistics

+

Reporting

Banks & Supervisors


• COREP/ FINREP

• IFRS/ US GAAP

• Tax & statistics

+

Reporting

Banks & Supervisors

• Total information requirements

• Performance&compliance driven

• (Sub)Group & functional level

• Multi-dimensional

+


Banks (internal)

• Annual reports commercial clients

• Efficiency & speed

• Accuracy of risk assessment

• Client driven• Invoicing

Commercial banking

Banks & Customers

• DNB can receive XBRL

• AFM will provide support

• NTP for Dutch GAAP, tax & statistics

+

Reporting

Banks & Supervisors

• XBRL not powerful for multi-dimensional

• Reporting vs. data standard

• Mapping master data to taxonomies

+


Banks (internal)

• NTP for companies

• Credit Taxonomy

• Endorsed by software suppliers & accountants

Commercial banking

Banks & Customers

Current status of the scenarios


Strengths International standard for reporting that is

gaining momentum Endorsed by the Dutch government Someone is keeping the fire alive

Threats E-Line already fills the gap that XBRL

is trying to fill Master Data is a strategic asset for

banks Difficult to discuss subject at Senior

Management level Not a strong business case XBRL is not mandatory

Opportunities Banks are following developments to build-

up knowledge XBRL for operational efficiency when

receiving company data Opportunity for insurers who are at the

beginning of their regulatory ‘revolution’ Local authorities see the benefits

Weaknesses Financing the implementation, who will

pay, who will benefit? Timing: already many costly initiatives

that must be implemented Limited depth of taxonomies, not

suitable for multi-dimensional data (storage and retrieval)

National standardization is perceived as only going half-way

SWOT analysis XBRL from the banking industry’s perspective

XBRLXBRL


Conclusions

• Less haste, less waste: how to obtain a truly international standard (i.e. taxonomy) for reporting?

• As long as it is not mandatory, banks and authorities alike will remain hesitant to adopt it

• Business case is only evident on the receiving side of the information chain, but no material advantages are expected soon

• Who should take the lead? Everyone is waiting for each other to start

• General conclusion: structure and standardization is good thing and XBRL could play an important role


Next steps

• The participating banks have agreed to meet again in half a year time to discuss these developments and their response

• Other departments (not only reporting) should be involved where the business case is more evident: front-office


Whose sweet is this anyway?


“The train is riding, but not as fast as we thought”

Documents

Getting you there. XBRL within Dutch Banks VIII European Banking Supervisors XBRL Workshop Amsterdam November 6, 2007