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Revision as of 12:01, 4 November 2013 (edit)
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- This document has been prepared by CEN/WS XBRL, the secretariat of which is held by CEN. + This document has been prepared by CEN/WS XBRL, under the supervision of the Secretariat of the Netherlands Standardization Institute (NEN).
- Part 1: European data point methodology for supervisory reporting - Part 1: European data point methodology for supervisory reporting
- - Part 2: Guidelines for data point modeling + - Part 2: Guidelines for data point modelling
- Part 3: European XBRL Taxonomy Architecture - Part 3: European XBRL Taxonomy Architecture
The purpose of this document is to support supervisory experts in the creation of a Data Point Model (DPM). The purpose of this document is to support supervisory experts in the creation of a Data Point Model (DPM).
- By definition of the European Banking Authority (EBA) a DPM “is a structured formal representation of the + According to the definition of the European Banking Authority (EBA), a DPM “is a structured formal representation of the
data [...] identifying all the business concepts and its relations, as well as validation rules, oriented to all kind data [...] identifying all the business concepts and its relations, as well as validation rules, oriented to all kind
of implementers.”1 of implementers.”1
for both the institutions and regulators”2. for both the institutions and regulators”2.
Further goals are to prevent redundancies, lower maintenance efforts and, in general, to facilitate working with Further goals are to prevent redundancies, lower maintenance efforts and, in general, to facilitate working with
- national extensions on the European agreed upon data set to facilitate the descriptions of requirements that + national extensions on the European agreed-upon data set to facilitate the descriptions of requirements that
are sharable across national legislations. It is a requirement to have all the information collected by the are sharable across national legislations. It is a requirement to have all the information collected by the
national supervisory agencies, particularly in Europe, transformed into the same data structure with the same national supervisory agencies, particularly in Europe, transformed into the same data structure with the same
The aim to harmonise the European supervisory reporting is to be able to carry out more comprehensive The aim to harmonise the European supervisory reporting is to be able to carry out more comprehensive
- analysis and an increase of comparability of data. The supervisory agencies are already acquainted with the + analysis and an increase of comparability of data. Since the supervisory agencies are already acquainted with the
representation of regulations specified in laws, this document is going to introduce the reader to the concept of representation of regulations specified in laws, this document is going to introduce the reader to the concept of
- Data Point modelling methodology as well as to its main terms and definitions that will enable you to create + Data Point modelling methodology, as well as to its main terms and definitions that will enable you to create
Data Point Models that contain “all the relevant technical specifications necessary for developing an IT Data Point Models that contain “all the relevant technical specifications necessary for developing an IT
reporting format” on your own. reporting format” on your own.
''Target audience'' ''Target audience''
- In general you as banking supervisor are responsible to communicate with Information Technology (IT) + In general, as banking supervisor you are responsible for communicating with Information Technology (IT)
- experts in order to support the transfer of the essence of regulatory reporting to IT systems. In 2009 the + experts in order to support the transfer of the essence of regulatory reporting to IT systems. In 2009, the
- Eurofiling Initiative has published the concept of Data Point modelling. Structures of data represented in + Eurofiling Initiative published the concept of Data Point modelling. Structures of data represented in
supervisory tables as well as underlying laws and guidelines were defined in order to enable the interpretation supervisory tables as well as underlying laws and guidelines were defined in order to enable the interpretation
- of the reporting information by IT applications. IT specialists are responsible for the development of software, + of the reporting information by IT applications. IT specialists are responsible for the development of software.
- however most of the time they do not have the special business knowledge needed to gather reporting + However, most of the time they do not have the special business knowledge needed to gather reporting
- requirements from various sources such as legal texts like Solvency Regulations and National Banking Acts + requirements from various sources such as legal texts like Solvency Regulations and National Banking Acts,
- for building a faultless system. Therefore the task of creating a DPM is assigned to you. + in order to build a flawless system. Therefore, the task of creating a DPM is assigned to you.
- explanations given in this document you will be able to provide prerequisites for deriving data formats on the + This document introduces the basic principles deemed necessary in the modelling process. On the basis of the
- basis of a DPM as well as setting up a powerful data warehouse. This implies that the model is issued in a + explanations given in this document, you will be able to provide prerequisites for deriving data formats on the
+ basis of a DPM, as well as setting up a powerful data warehouse. This implies that the model is published in a
format that is understood by both parties, involved in transforming legislation into a model: business experts format that is understood by both parties, involved in transforming legislation into a model: business experts
and IT specialists. The topics regarding supervisory reporting are kept short and limited to the content relevant and IT specialists. The topics regarding supervisory reporting are kept short and limited to the content relevant
analytical capabilities and personal interest in this topic. No special IT knowledge is expected. The first analytical capabilities and personal interest in this topic. No special IT knowledge is expected. The first
sections will give you an overview on the required IT knowledge. sections will give you an overview on the required IT knowledge.
National banking supervisors have a mandate to evaluate the financial situation of financial institutions in their National banking supervisors have a mandate to evaluate the financial situation of financial institutions in their
country. To be able to perform the necessary analytics, financial data is required from these institutions. The country. To be able to perform the necessary analytics, financial data is required from these institutions. The
- these texts and tables a model is being created to enable IT support in communicating and storing the + these texts and tables, a model is being created to enable IT support in communicating and storing the
necessary data. A common problem with the National Supervisory Authorities (NSA's) is that IT staff has little financial background and financial necessary data. A common problem with the National Supervisory Authorities (NSA's) is that IT staff has little financial background and financial
- specialists have little IT background. This makes data modelling a problematic area as both specialities are + specialists have little IT background. This makes data modelling a problematic area, as both specialities are
- specialists. The result, a model, can later in the process be perfected by IT staff. + specialists. The result, a model, can be perfected by IT staff later in the process.
This paper is a handbook for supervising experts. The main body consists of four sections. The interrogative This paper is a handbook for supervising experts. The main body consists of four sections. The interrogative
- form helps in choosing which section promises most answers to your problem. + form helps in choosing which section may best answer your question, and lead you to a good understanding of the subject matter.
- models and data modelling approaches. The second and third section provide an overview of data models in + After this first introductory section and the section terms and definitions, the main part starts to provide basic knowledge about different types of data
+ models and data modelling approaches. The first and second sections provide an overview of data models in
general in contrast to the fourth section that highlights the necessity of data modelling for supervisory data. general in contrast to the fourth section that highlights the necessity of data modelling for supervisory data.
This fourth section derives the objectives based on the background information of the preceding sections. This fourth section derives the objectives based on the background information of the preceding sections.
Revision as of 07:32, 25 November 2013
The purpose of this document is to support supervisory experts in the creation of a Data Point Model (DPM). According to the definition of the European Banking Authority (EBA), a DPM “is a structured formal representation of the data [...] identifying all the business concepts and its relations, as well as validation rules, oriented to all kind of implementers.”1 The underlying rules for the creation of such methods were initially introduced by the Eurofiling Initiative and developed further by the European Insurance and Occupational Pensions Authority (EIOPA). The main objective of data point modelling, the process of creating a DPM; “[it] should help to produce a better understanding of the legal background to the prudential reporting data and make data analysis much easier for both the institutions and regulators”2. Further goals are to prevent redundancies, lower maintenance efforts and, in general, to facilitate working with national extensions on the European agreed-upon data set to facilitate the descriptions of requirements that are sharable across national legislations. It is a requirement to have all the information collected by the national supervisory agencies, particularly in Europe, transformed into the same data structure with the same quality in order to be able to carry out standardized analysis of the data across Europe. The current implementations are not able to meet these European requirements for supervision “to achieve higher quality and better comparability of data”3. The main reasons for this are the differences between the data definitions and the data formats of the various national supervisory agencies, making comparison of reported data virtually impossible.
In general, as banking supervisor you are responsible for communicating with Information Technology (IT) experts in order to support the transfer of the essence of regulatory reporting to IT systems. In 2009, the Eurofiling Initiative published the concept of Data Point modelling. Structures of data represented in supervisory tables as well as underlying laws and guidelines were defined in order to enable the interpretation of the reporting information by IT applications. IT specialists are responsible for the development of software. However, most of the time they do not have the special business knowledge needed to gather reporting requirements from various sources such as legal texts like Solvency Regulations and National Banking Acts, in order to build a flawless system. Therefore, the task of creating a DPM is assigned to you.
This document introduces the basic principles deemed necessary in the modelling process. On the basis of the explanations given in this document, you will be able to provide prerequisites for deriving data formats on the basis of a DPM, as well as setting up a powerful data warehouse. This implies that the model is published in a format that is understood by both parties, involved in transforming legislation into a model: business experts and IT specialists. The topics regarding supervisory reporting are kept short and limited to the content relevant for this paper. The idea is to convey the creation of the Data Point Model to you, as you are a supervisor with analytical capabilities and personal interest in this topic. No special IT knowledge is expected. The first sections will give you an overview on the required IT knowledge.
National banking supervisors have a mandate to evaluate the financial situation of financial institutions in their country. To be able to perform the necessary analytics, financial data is required from these institutions. The requirements are described in the form of texts and tables of data. To make a comprehensive model from these texts and tables, a model is being created to enable IT support in communicating and storing the necessary data. A common problem with the National Supervisory Authorities (NSA's) is that IT staff has little financial background and financial specialists have little IT background. This makes data modelling a problematic area, as both specialities are needed. This document is aimed at providing the tools and knowledge of creating a DPM by the financial specialists. The result, a model, can be perfected by IT staff later in the process.
This paper is a handbook for supervising experts. The main body consists of four sections. The interrogative form helps in choosing which section may best answer your question, and lead you to a good understanding of the subject matter.
After this first introductory section and the section terms and definitions, the main part starts to provide basic knowledge about different types of data models and data modelling approaches. The first and second sections provide an overview of data models in general in contrast to the fourth section that highlights the necessity of data modelling for supervisory data. This fourth section derives the objectives based on the background information of the preceding sections. Furthermore one paragraph classifies the Data Point Model introduced by the Eurofiling Initiative and elaborated by EIOPA and EBA where many new terms related to DPM are introduced. A paragraph, which explains the areas of application for the DPM follows. The fourth section concludes with a paragraph introducing a subset of the technical constrains that need to be considered in the creation process of the DPM. The fifth section gives step by step instructions to create a DPM. The paper concludes with remarks on the progress achieved so far and provides an outlook on the software that is being developed at the moment to support you during the creation process. The last section also evaluates the DPM process to more traditional approaches. New terms are introduced throughout the text when they come up for the first time and can additionally be looked up in the glossary, which can be found in the appendix at the end of the paper.