Welcome to XBRL DenmarkXBRL Bank Conference in Copenhagen Conference on new reporting framework for banks (COREP/FINREP)
Wednesday 23 May 2012 , 10.00 – 16.00 in the Danish Bankers' Association, Finanssektorens Hus, Amaliegade 7, Copenhagen K - Use the link to the right for information/registration
Speakers are amongst others:
- Meri Rimmanen from the European Banking Authority (EBA)
- Jan Parner from the Danish Financial Supervisory Authority
- Derek de Brandt from XBRL Europe
- Jesper Nantsen from Cundus AG
- Antoine Bourdais from Invoke
Moderator and chair of the conference: Poul Kjær, Danish Bankers' Association and chairman of XBRL Denmark.
Breakfast served from 9.30 in the morning.
FINAL AGENDA:
09.30-10.00: A light breakfast will be served from 09.30 AM.
10.00-10.05: Welcome and introduction by Poul Kjær, Chairman XBRL Denmark.
10.05-10.55: Meri Rimmanen from the European Banking Authority (EBA) presents the new supervisory structure and the new reporting framework: COREP, FINREP and XBRL. Meri Rimmanen will tell you about EBA’s work in developing the new reporting framework, i.e. COREP and FINREP. Meri Rimmanen will include the background for EBA’s work with COREP and FINREP in her presentation as well as the current status on this work after the finalisation of EBA’s consultation on CP50 (i.e. draft implementing Technical Standards on supervisory reporting requirements for institutions). EBA is looking into the responses and planning the process ahead. Meri Rimmanen will give an update on the latest news from EBA in this important area.
10.55-11.45: Finanstilsynet (The Danish Financial Supervisory Authority (FSA)), Jan Parner, Executive Director and member of the management board of EIOPA. The Danish FSA has decided that reporting information in COREP and FINREP should be submitted in the XBRL format. Jan Parner will present the work of the Danish FSA in implementing COREP and FINREP as well as XBRL in Danmark.The Danish FSA further takes part in the work of EBA on COREP and FINREP as well as XBRL.
11.45-12.30: Briefing on the work with COREP and FINREP as well as XBRL in Europe. Derek De Brandt, chairman of XBRL Europe's COREP and FINREP Working Group, will give a presentation of XBRL Europe's work on COREP and FINREP and XBRL. Derek De Brandt is management partner in the Belgian IT firm Aguilonius Consulting CVBA, which has implemented several XBRL solutions. Derek De Brandt will present Aguilonius’ XBRL solution on COREP and FINREP. Both Derek De Brandt and Aguilonius have many years of experience within the financial sector.
12.30-13.15: Break for lunch
13.15-14.00: Jesper Nantsen from the German software provider Cundus AG will give a presentation of their XBRL solutions regarding COREP, FINREP and XBRL. Cundus is a German based firm with long expertise within Business Intelligence (BI) and Enterprise Performance Management (EPM). Cundus has worked for several years on XBRL solutions for the reporting of COREP and FINREP information.
14.00-14.45: Antoine Bourdais from the French software provider Invoke will present XBRL solutions regarding COREP, FINREP and XBRL. Invoke is a well-established provider of XBRL solutions for both regulatory authorities and regulated entities in the banking and insurance sectors. Antoine Bourdais, Managing Director of the Bank & Insurance BU, will highlight their experience in deploying both bespoke and packaged solutions specifically adapted to the needs of regulated entities of all sizes,whatever the maturity of their IT infrastructure. Using case-studies such as Danske Bank, attendees will have a front-line view of how you can transform regulatory and compliance issues such as COREP and FINREP into vectors for business process improvement.
14.45-15.00: Coffee break
15.00-15.45: Bent Reiter from the Danish consultancy company Reiter-IT will give a presentation of how to optimize the implementation of XBRL in the Cnancial institutions. He will focus on the interaction between XBRL and Business Intelligence/ DataWarehouse.When reporting solvency information, the banks often use data from their existing data warehouse. In connection with the implementation of the COREP and FINREP taxonomy, the requirements for the structure and contents of the reporting will change substantially.The presentation will focus on how the contents of the taxonomies can contribute to automating the reporting process. Pros and cons of buying a software component and own development, possibly in connection with open-source components, will be illustrated. Bent Reiter has more than 20 years of experience with the organisation of data warehouses and business intelligence solutions, primarily in the financial sector. Bent Reiter is a member of the Board of XBRL Denmark. He is responsible for the technical and domain area.
15.45-16.00: Panel discussion and wrap up of the day/ Moderator: Poul Kjær
Hereafter XBRL Denmark will serve a glass of wine and the participants will have the opportunity to further discuss the issues, to network etc. --------------------------------------------------------------------------------------------------
XBRL - eXtensible Business Reporting Language - er det digitale sprog for kommunikation af finansielle data. Med XBRL lettes udarbejdelse, analyse og kommunikation af forretningsmæssig information betydeligt.
XBRL-sproget udvikles og vedligeholdes af XBRL International under medvirken af revisorer og teknikere fra en række førende internationale virksomheder indenfor IT og revision.
XBRL Denmark er en forening, som har til formål at udbrede kendskabet til og brugen af XBRL i Danmark. Foreningen blev stiftet i maj 2004 af en række af de væsentlige brugere, formidlere og producenter af regnskabsinformation. XBRL Denmark er en jurisdiction under XBRL International.
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