COREP XBRL Project

Austria
01.01.2007	roll-out	http://www.ris.bka.gv.at/	01.01.2008	Monthly	Legal requirements to be reported on a monthly basis, additional information on a quarterly basis; solvency reporting according to §§ 74 and 79 para 2 Austrian Banking Act (ABA)	All banks according to § 1 Austrian Banking Act (ABA), further specifities are defined in § 3 ABA	Both	National GAAP / IFRS	No (XML is possible from now on in accordance with the industry's needs and will be discussed)
Belgium
31.03.2007	total	PPB-2007-3-CPB-spreadsheet	N/A	Q	The prudential supervision with regard to the solvency requirements is based on these reports. An additional template for large exposures is requested.	Reporting is applicable to credit institutions, investment firms, settlement institutions and financial holdings. Frequency of reporting can vary for different types of institutions (credit institutions, investment firms)	Solo and consolidated	BGAAP and IFRS	Yes, compulsary	Belgian extension of COREP version 1.2.4
Bulgaria
31.03.2007	total		31.03.2007	S	The framework is used for supervision both on a solo and on a consolidated level. On a solo basis, a quarterly reporting frequency will apply. XBRL use does not feature reliable initial date.	Banks	Solo and consolidated	IFRS	Planned	N.A.
Cyprus
31.12.2006	total	Circular on the Implementation of the COREP	N/A	Semi-annually	In view of the fact that the information included in the COREP templates will not be available from other returns / sources, the Central Bank of Cyprus has decided to proceed with the full implementation of the COREP templates. The COREP templates will replace the existing return of capital adequacy which is submitted under CAD requirements.	Credit Institutions (for investment firms the relevant authority has not yet finalised its decision)	none	none	Yes, compulsory	Version 1.2 Release 3 dated 2007-02-02
Czech Republic
01.07.2007	total	http://www.cnb.cz/www.cnb.cz/cz/legislativa/predpisy_CNB/predpisy_menove_bank_stat/vykazy_metodika_2007/metodika.html	N/A	Q	Basically, the majority of core items and selected detailed items of proposed tables were incorporated into national reporting framework. The framework is also used on a solo basis (with a monthly reporting frequency) and for investment firms (with a quarterly reporting frequency).	The new reporting framework is implemented for banks and investement firms. The saving cooperatives submit only limited set of tables corresponding to their limited activities.	The same reporting framework is used for both solo and consolidation version. Bank is obliged to submit data on bank and on consolidated group (if relevant) excl. insurance companies.	From 2005 banks, their securities are admitted to trading on a regulated market of any Member State, shall prepare their consolidated accounts in conformity with IAS. They shall apply IAS on the individual level as well. The rest of banks has the option to use IAS or Czech accounting standards for consolidated financial statements, but on the individual level they shall continue applying Czech accounting standards. The Czech accounting standards are very similar to IAS and EU Directive incl. amendments but they are less detailed. They follow accounting methods used in IAS with the exception of goodwill and leasing, i.e. Czech accounting standards include the same methods and principles for recognition, derecognition and valuation financial instruments (incl. derivatives) as IAS.	No
Germany
01.01.2007	total	http://www.bafin.de/verordnungen/solvv_anl3.zip	01.01.2007	Q	CEBS' templates under the Common Reporting Framework (COREP) have been converted into the templates that institutions must use for on-going supervisory reporting to BaFin und Deutsche Bundesbank. Many of the cells that CEBS has classified as core information have been adopted for the domestic reporting framework; the cells that CEBS has classified as detailed information have been adopted only to a limited extent.	all	all institutions are subject to the same system of supervision in which the concept of proportionality is of course embedded.	IFRS, where applicable, otherwise German GAAP	Yes, optional	Version 1.2 Release 3
Denmark
30.06.2007	total	Our reporting framework is not yet published on our web-side	30.06.2007	Q	Most of the Danish reporting is based on a minor part of the information in the COREP templates. For the solvency ratio overview template and templates concerning market risk we have however developed our own templates. Some information is asked on a monthly basis for certain investment firms.				No	Not applicable
Estonia
01.04.2007	roll-out	Not published yet	01.04.2007	M		none	none	none	No	Not applicable
Spain
Not finalised yet (Caveat: All the information provided below is provisional and based on our current implementation plans; therefore, it may be subject to future changes.)	Total	www.bde.es	01.01.2008	S	Periodical requested information regarding solvency is based on the national implementation of the COREP templates and on additional templates covering: (1) solvency and accounting interface, (2) large exposures, (3) interest rate risk in non-trading activities and (4) capital adequacy of financial conglomerates. Banco de España may also require, on a general or individual basis, as much information as needed for clarification or detail of the templates mentioned above. Furthermore, Banco de España may request to particular entities and for well-justified reasons, the periodical submission of certain developments or details of the abovementioned templates.	Periodical requested information regarding solvency is based on the national implementation of the COREP templates and on additional templates covering: (1) solvency and accounting interface, (2) large exposures, (3) interest rate risk in non-trading activities and (4) capital adequacy of financial conglomerates. Banco de España may also require, on a general or individual basis, as much information as needed for clarification or detail of the templates mentioned above. Furthermore, Banco de España may request to particular entities and for well-justified reasons, the periodical submission of certain developments or details of the abovementioned templates.	Banco de España conducts both on-site and off-site supervision. Periodical requested information regarding solvency does not depend on the type of carried out supervision.	All credit insititutions are subject to IAS-type accounting framework.	Yes, compulsory	Version 1.2.2
Finland
31.03.2007	total	http://www.rahoitustarkastus.fi/COREP	N/A	Q		none	none	Both IFRS and FAS	Yes, optinal	Version 1.2 Release 3
France
30.06.2007	total		01.01.2007	S	The solvency reporting is fully based on COREP in order to collect the prudential information. It is nonetheless a "light" version of COREP since the French supervisor does not request all the items proposed by the CEBS. At the same time, a great amount of national previous templates had been suppressed. COREP has thus become the main reporting means, even if completed with other templates on other supervisory tasks (for instance for liquidity or large exposures).	All institutions with more frequent periodicity for over 80 billions of assets institutions	Similar for all subject institutions, either on a solo or consolidated basis according to Regulation 2000-03	IAS/IFRS or French rules (Conseil National de la Comptabilité)	Yes, compulsory	Version 1.2
Hungary
Not finalised yet			01.01.2008
Iceland
31.03.2007, not yet finalised for IRB	phased roll-out	Not yet published	Expected and of Q2/2007	Quarterly		Applicable to all Financial Undertakings which have received an operating licence cf. Act 161/2002 on Financial Undertakings, Article 4, paragraph 1, points 1 to 3 and 5 to 7, i.e.commercial banks, savings banks, credit undertakings, securities companies, securities brokerages and management companies of UCITS, and consolidated undertakings where the parent undertaking is one of the undertakings mentioned above.	Solo and consolidated supervision	IFRS	Not yet
Ireland
30.03.2007	total	http://www.financialregulator.ie/	N/A	Quarterly	Credit Institutions availing of Article 152(8) of the CRD will continue to report using the Financial Regulator's Prudential Return framework for 2007. Those institutions not availing of Article 152(8) are requested to complete the COREP templates for the Core information sections for the four reporting calendar quarter ends commencing with 30 March 2007. The Detailed sections are not required to be submitted each quarter; however, credit institutions must be able to provide the Financial Regulator with these sections when requested.	Credit Institutions and Investment Firms	Individual and group	Local GAAP and IAS/IFRS	Yes, optional	Version 1.2
Italy
31.03.2007	phased roll-out	under development	01.01.2008	Semi-annually	COREP is also used on a solo basis with a quarterly frequency of reporting.	all credit institutions	solo and consolidated supervision	IAS/IFRS	No
Liechtenstein
Not implemented		http://www.gesetze.li/get_pdf.jsp?PDF=2006280.pdf	Not yet available
Lithuania
01.04.2008	total	http://www.lb.lt/eng/institutions/061109_138f6004.htm	N/A	Quarterly	COREP is used for collection of the prudential information in order to carry out supervisory tasks	Applicable to all commercial banks and the Central Credit Union licensed by the Bank of Lithuania	Solo and consolidated	IFRS	Yes, compulsory	XBRL 2.1 dimension 1.0
Luxembourg
01.01.2007	roll-out	http://www.cssf.lu/index.php?id=142	01.01.2008	Semi-annually at consolidated level	COREP is used as the only vehicle for the collection of periodicsolvency-related information the CSSF collects to form part of the basis for its ongoing prudential supervision. COREP is used both on a consolidated and solo basis. In the latter case a quarterly reporting frequency is required. During 2007, only the CA template will be applicable for banks applying the CRD. From 01/01/2008 onwards, all credit institutions will have to report the core information of the COREP templates.	All credit institutions will have to report according to the same reporting scheme, without taking into account their size nor their activities. The reporting frequency (quarterly/half-yearly) will vary according to the bank's reporting level (solo/consolidated). The reporting scheme for investment firms will be implemented during 2007.	Beside the analysis of the regulatory reporting, supervision is largely based on carrying out of specific on-site missions in the credit institutions	LUXGAAP / IAS in 2007, IAS in 2008	Yes: optional in 2007, compulsory in 2008	Not applicable
Latvia
Not finalised yet			Not yet available
Malta
01.01.2007	Phased roll-out	http://www.mfsa.com.mt/mfsa/pages/banking/credit institutions/rules/rules.asp	01.01.2008	Quarterly	The solvency requirements currently being reported by credit institutions are to be calculated in accordance with Banking Directive BD/04 – Solvency Ratio of Credit Institutions authorised under the Banking Act 1994. However, Article 152 of 2006/48/EC (the CRD) grants discretion to credit institutions to implement the requirements of the CRD at any time during 2007, at the latest by 1st January 2008. In this respect, all the locally licensed credit institutions were contacted to establish the date by which they envisage to adopt the methodologies laid down in the CRD for calculating their capital requirements. Notwithstanding the different dates for the final implementation of the CRD, credit institutions were asked to start submitting as from end December 2006 ‘parallel’ statutory returns. In this respect, the requirements of the CRD were transposed into a new Banking Rule BR/04 – Capital Requirements of Credit Institutions authorised under the Banking Act 1994 which will eventually replace the current Banking Rule BD/04 upon passing of the amendments by parliament to the Banking Act 1994. Thus, COREP returns are embedded in the new BR/04 and will serve as a tool to collect prudential information required by the Authority to carry out its supervisory tasks in relation to the calculation of capital requirements of credit institutions. Currently the solvency ratio computation of credit institutions (calculated on a consolidated and solo basis) is also published in the annual financial statements. The financial statements are audited in accordance with International Financial Reporting Standards as adopted by the EU and in compliance with the Banking Act (Cap. 371) and the Companies Act (Cap. 386). It is envisaged that by the end of this year, the Authority would have amended Banking Directive BD/07 - Publication of Audited Financial Statements of Credit Institutions Authorised under the Banking Act 1994 in order to incorporate market disclosure requirements laid down in Articles 145-149 of the CRD (including Annex XII).	Credit institutions authorised under the Banking Act 1994 - Link:http://www.mfsa.com.mt/mfsa/pages/banking/credit%20institutions/licence%20holders/licence%20holders.asp	On-site and Off-site supervision	IFRS / IAS only	No	N/A
Netherlands
01.01.2007	total	http://www.dnb.nl/dnb/home/toezicht/nieuwe_toezichtwetgeving/wet_op_het_financieel_toezicht/naslag/toezichthoudersregels/nl/12-109987.html	N/A	Quarterly	Applicable to all credit institutions	Credit institutions (the application of the guidelines for investment firms is less voluminous compared to the one for credit institutions	Applicable to all credit institutions. The reporting forms the basis for the risk based supervision.	IAS/IFRS and Dutch GAAP	Yes, optional	Version 1.2 Release 3
Norway
Not finalised yet	total	Not finalised yet. A temporary reporting which is partially based on COREP is implemented for 2007.	31.01.2008	Quarterly	Reports will be sent in most likely via Excel or XBRL files by the institutions	Credit institutions, securities houses		IFRS/NGAAP	Yes, optional	Will be 1.2.3 unless a new version is released within first half of 2007
Poland
Not finalised yet	total		30.06.2007	Quarterly	COREP also forms the basis of the prudential reporting of solvency information for the supervision on a solo level. At this level the reporting frequency is monthly.	Banking sector not including branches of foreign banks in Poland	On a consolidated and solo basis	IAS/IFRS and local regulations	Yes, compulsory	Version 1.2 Release 3
Portugal
Not finalised yet
Romania
Not finalised yet			Not yet available
Sweden
31.03.2007	total	http://www.fi.se/upload/30_Regler/10_FFFS/2007/NY_FFFS_2007_1_Bilaga_2.pdf	01.01.2007	Quarterly	COREP will be used both for credit institutions and investment firms. The reporting frequency for the latter will be on a monthly basis. Sweden will ask for other information related to solvency reporting, however, we have not take any decision yet on what to ask for.				No
Slovenia
01.01.2007	total	[Regulation on COREP]	N/A	Quarterly		No distinction is made between credit institutions.	Supervision on solo and consolidated basis.	IFRS	No	N/A
Slovakia
30.03.2007	roll out	http://www.nbs.sk/	31.12.2007	Monthly		none	none	banks IFRS only , securities dealers has option to use national accounting framework	No	N/A
United Kingdom
01.01.2007	phased roll-out	http://fsahandbook.info/FSA/handbook/LI/2006/2006_40.pdf http://fsahandbook.info/FSA/handbook/LI/2006/2006_67.pdf	01.01.2009	Quarterly	Risk based, collecting only the data that has been justified through cost benefit analysis. Any additional (detailed) information required on an ad hoc basis may be requested from firms, but it will not be provided on a regular basis. High level data during 2007, most data through 2008, some additional data from 2009	All firms subject to CRD. Unconsolidated and solo-consolidated credit institutions with a large percentage of market risk will report solvency monthly, like €730K investment firms. Other credit institutions (the majority) and €125K investment firms report quarterly. €50K investment firms report half-yearly, as do all consolidated groups.	Risk based.	IFRS or GAAP	No	N/A