CEBS
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Revision as of 07:58, 28 February 2007
Committee of European Banking Supervisors (CEBS)
COmmon solvency ratio REPorting framework (Basel II), for credit institutions and investment firms under the future European Union capital requirements regime. The Committee of European Banking Supervisors (CEBS) intends to provide a complete XBRL coding and taxonomy for the reporting of the solvency ratio. The choice of IT application for implementing the framework will be a matter of national discretion. However, CEBS considers XML and/or XBRL to be an appropriate tool for implementing a European standardised reporting system, and recommends its use.
XBRL Project designed for credit institutions that use IFRS for their published financial statements and that have to provide similar information in the periodic prudential reports they are required to submit to their supervisory authorities. National supervisory authorities are free to decide on the technical aspects involved in implementing the framework. CEBS considers, however, that XBRL can be a helpful tool in constructing a standardised European reporting system. CEBS has developed an XBRL taxonomy, which is available without cost to national authorities and supervised credit institutions.
European Committee of Central Balance Sheet Data Offices (ECCBSO)
The ECCBSO comprises the Central Balance Sheet Data Offices of the central banks of Austria, Belgium, France, Germany, Greece, Ireland, Portugal, Spain and the United Kingdom, as well as similar units in the statistical offices of Finland and the Netherlands and the Italian Centrale dei Bilanci. Through XBRL and IFRS, the Committee tries to homogenise as much as possible the information collected.
- http://www.xbrl-ifrs.org/eccbso/eccbso
- http://www.iasb.org/XBRL/xbrl_lab/eccbso-pub/index.asp
- http://www.iasb.org/XBRL/extensions/joint_projects.html
