1 boj’s xbrl reporting project from pilot stage to actual use may 2006 yoshiaki wada financial...
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BOJ’s XBRL Reporting ProjectFrom Pilot Stage to Actual Use
May 2006
Yoshiaki Wada Financial Systems and Bank Examination Department
Bank of Japan
© 2006 Bank of Japan
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Introduction of BOJ
© 2006 Bank of Japan
TokyoMaebashi
Fukushima
Sendai
Aomori
Kushiro
Sapporo
Hakodate
Akita
Niigata
Matsumoto
KanazawaOkayama
Kobe
MatsueHiroshimaShimonoseki
Kitakyushu
Fukuoka
Nagasaki
KumamotoKagoshima
OitaMatsuyama
Kochi Takamatsu
Osaka
KyotoNagoya
ShizuokaKofu
Yokohama
Naha
Central Bank of Japan, established in 1882
32 branches nationwide
Head Officein Tokyo
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Introduction of BOJ
© 2006 Bank of Japan
・ Banknote Issuing
・ Currency and Monetary Control
・ Settlement among Financial Institutions
Purpose and Functions
･ Price Stability
･ Sound Development of the National Economy
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Range of FSIs covered by BOJ’s examination/monitoring
© 2006 Bank of Japan
about 560 FSIs (end of March 2006)
Major Banks
Regional Banks
Shinkin Banks
Foreign Banks
Securities Firms, etc.Efficient data gathering is crucial!
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Project history
Preparation for the test Phase 1 of the test
June 2003 July-Sept. Oct.
Part 1 Part 2Ｂａｓｉｃresearch
Taxonomy design
Join XBRL-Japan
Nov. March 2004 July Sept.
Phase 3 of the test
Jan. 2005 - July Feb. 2006
Taxonomy redesign Test of VPN system
On-site
test
Off-site test
(Trial for monthly XBRL based
report)
© 2006 Bank of Japan
Tool test
Phase 2 of the test
Start of
Live Use
Start with Monthly B/S data
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© 2006 Bank of Japan
② D/L of latest taxonomy set
ＸＢＲＬ③ data creation and validation
⑤ D/L of ＸＢＲＬdata
① U/L of latest taxonomy set
FSIs
ＸＢＲＬdata transfer④
XBRLXBRL
Data creation tool
Current data files
FSIs
XBRLXBRL
Data creation tool
Current data files
BOJ
XBRLXBRL
Database Database
Current data files
IP-VPN
Image of data transfer using XBRL
Data validation
BOJ-X-Port
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Main Features of BOJ’s XBRL Tool
© 2006 Bank of Japan
・ Delivered to registered FSIs from the BOJ, and available free of charge
・ Not mandatory, but all FSIs have started using it
･ Data format conversion from EXCEL to XBRL
･ Data validation by Formula-Link
･ Data/error comment facility
･ Easy operation
1. Basic Functions
2. Important!
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Business flow
© 2006 Bank of Japan
Report deadline
day X X+1 X+2~4 X+5 X+6
Preparation of data U/L
Data U/L and validation within DB
Data processing within DB
Data release for
users
Data validation by XBRL, prior to data submission
Days
Error collection
Reduction of post validation cost
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DEMO
© 2006 Bank of Japan
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Next step
© 2006 Bank of Japan
Expansion of scope of report
Development of new XBRL DB system
Enhancement of efficiency of taxonomy management
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BOJ’s XBRL Seminar on Dec. 13th 2005
© 2006 Bank of Japan
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Thank you for listening.
© 2006 Bank of Japan
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