FINREP XBRL Project
FINancial REPorting is designed for credit institutions that use IAS/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.
More details at www.eurofiling.info
- Represented countries:
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European Union
- Keywords:
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FINREP XBRL
- Domains:
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Economy (other),
Economy
- Related Assets:
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- Related Projects:
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Provided by
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Asset Owner
Committee of European Banking Supervisors (CEBS)
www.c-ebs.org
(European Banking Authority in the future)
The adoption of a common technology protocol based on XML/XBRL language, which allow taking full advantage of the data model's functionality, is recommended. The choice of IT application for implementing the framework will be a matter of national discretion. However, CEBS (Committee of European Banking Supervisors) considers XML and/or XBRL to be an appropriate tool for implementing a European standardised reporting system, and recommends its use. 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 develop an XBRL taxonomy, which is made available without cost to national authorities and supervised credit institutions.
