xbrl in santander group
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Confidential and Proprietary
XBRL inSantander Group
Amsterdam, november 6th, 2007
Confidential and Proprietary
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Confidential and Proprietary
Index
Quick update on the action items carried out this year towards a Santander Group corporative XBRL reporting framework.
Current problems facing XBRL COREP adoption
Questions and Answers to the next COREP/FINREP XBRL evolution and challenges
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Confidential and Proprietary
nov.2005
XBRL Workshops
Communicate XBRL to the business units.
XBRL Financial StatementsInvolved in the SIIF project for XBRL exchange jointly with the Bank of Spain
(Santander) 2005 June
(Banesto) May 2006
(SCF) May 2006
XBRL Pilot Project internal reporting
Department
mar.2006
jun.2006
Corporate XBRL Architecture
The XBRL Reference Architecture for Corporate Reporting is defined.
sep. 2006
XBRL Labs Department. develop and integrate XBRL components and services.
Q1Q4
2005 2006 2007
Risk information projectBasel II COREP to Bank of Spain
Corporate Plan – XBRL Projects – Milestone Summary
aug. 2007
Q2 Q3 Q4 Q1 Q2 Q3 Q4
Corporate XBRL Architecture
Architecture component design and development.
Corporate XBRL Architecture
First Production Release.
XBRL Conversion
XBRL Validation
Security & Comm. automation services.
FINREP and Formula information projectBank of Spain
Q3-Q4 2008
Corporate XBRL Architecture
2nd Production Release.
XBRL Conversion XBRL Validation Sending automation services.
End User report tracking system
Visualization Services
2008 2009
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Confidential and Proprietary
Current Situation. Short Term Strategy. XBRL international consortium propose as strategy to diffuse the language firstly
to the documents with financial information to enlarge it later on to the non financial information
After that the specifications will extend so that all the external financial documents (inside each jurisdiction, to develop extensions to the general or main taxonomy that reflect the particularities of the different activity sectors)
Following the same strategy in the short term, the Santander Group will focus using XBRL for regulatory reporting purpose.
International XBRL Strategy
External Financial Information
Internal Financial Information
Internal Non-Financial Information
External Non-Financial Information
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Confidential and Proprietary
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XBRLCONVERSOR
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XBRL Corporate Reporting Platform
Processing WorkFlow
COMPRESSCOMPRESS SECURITYSECURITY
Load TaxonomyLoad Map
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Store Instance
Technical Solution
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Regulatory BankingSupervisor
First Production Release: Sending XBRL from the platform server XBRL Conversion (Proprietary) XBRL Validation (Proprietary) XBRL Corporate Repositories Using the server to control and monitor the
information sent to the regulator
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Confidential and Proprietary
Geographic Scope.
Currently the geographic scope of the project is focused on spanish regulator, the evolution of the platform is being designed to allow other countries to apply to their local regulatory body standards as required in next years.
CC HoldingCC Holding
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Confidential and Proprietary
0049 – Banco Santander SCH Entidades representadas 0011 AllFunds Bank 0036 Santander Investment 0073 Open Bank Santander Consumer 0086 BANIF 0091 Banco de Albacete
0030 – Banco Español de Crédito Banesto0038 – Banesto Banco de Emisiones0083 – Banco Alicantino
Establecimientos Financieros (EFC)0224 – Santander Consumer Finance8236 – Santander Consumer EFC4784 – Transolver Finance8814 – Accordfin España8490 – Santana Credit8906 – Santander Factoring y Confirming4757 – BANSALEASE EFC4797 – Santander de Leasing EFC
Estados Financieros Públicos 1 informe mensual
5 informes trimestrales 2 informes anuales
En Total 34 Informes al año por entidad
578 informes XBRL al año
Regulatory reporting based on local supervisor level. Spain, UK, US…
Geographic Scope.
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Confidential and Proprietary
Current problems facing XBRL COREP adoption
Each country is adopting/extending COREP framework in a different approach. This would cause additional efforts in the corporate in order to adapt to
each country regulatory requirements. Mapping data between different taxonomies.(reusing reporting information)
The different versions each regulator is using to extend their local taxonomies is an additional issue to be solved in next steps of COREP evolution (supported with the new Versioning specification and software/integration for the reporting platform).
Report/View Oriented taxonomy vs. DataModel oriented taxonomy COREP approach increase the efforts to render the information reported
and to duplicate elements in different reports.
Modularization and Performance issues is advised to improve in next COREP/FINREP versions.
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Confidential and Proprietary
How is Santander Group XBRL reporting estrategy with COREP? Santander Group is pushing the XBRL standard at medium speed in order to
comply to regulatory requirements in this short term (local spanish regulators at this moment) using a reporting platform
The medium/long term is to evolve the corporate reporting solution, As soon as requirements grow to adapt the IT integrated systems to those needs.
How is accomplish the C-EBS and COREP project according to the regulatory reporting situation? It is handling the project at enough speed to accomplish the goal. The complexity of the ellaboration proccess to collect and report the
information required is higher than expected. Simplify the XBRL taxonomy, a real common framework to produce the
report once and deliver to any regulators is a goal. Interoperability and performance is desired to facilitate the IT systems
integration
Questions and Answers to the next COREP/FINREP XBRL
Confidential and Proprietary
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