hyper, hyper,….., hype ycle -...
TRANSCRIPT
HYPER, HYPER,….., HYPE Cycle
Andreas Weller, Head of IT
XBRL Europe, Frankfurt 6 June 2017
HYPER, HYPER
HYPER, HYPER,….., Hype Cycle 2
The Hype Cycle
HYPER, HYPER,….., Hype Cycle 3
The Hype Level
HYPER, HYPER,….., Hype Cycle 4
• CRDIV Regulation• Need for Standardisation and
Harmonisation along supervisory reporting
• Open Standard,…,XBRL?• To be clearer as the regulation text
(DPM)• Automatic validation• To support the traditional users =
paper forms (templates)• Proportionality
The Hype level = the wishful thinking
The Hype Maturity
HYPER, HYPER,….., Hype Cycle 5
The Hype Maturity = the reality of engineering
• Regulation is a complex process• Give the CA’s the choice in
technology• Very complex content and significant
increase• Standard was not fully approved
(Table Linkbase)• High costs on niche technology
provider
The Hype Maturity (Business Maturity)
HYPER, HYPER,….., Hype Cycle 6
-10
0
10
20
30
40
50
60
Mill
are
s
Changed
Retained
Added
Deleted
The Hype Cycle
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The adoption of XBRL standard:• 1.0 REC Table Linkbase specification, • 1.0 Taxonomy Package specification,• Extensible Enumerations specification
The content changed only minimal in the last 2 release
The sample will be extended to have full coverage of CRDIV financial institutions
Providers get stable business grounds
The Hype Cycle
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First generationProducts, high price,lots of customisationneeded
Supplier and CA’sprofilation
Activity beyond early adopters
Suppliers consolidationand failures
Less then 5 % of the potential audience Has adopted fully
Second generation products And services
Other markets adopt significant,3rd generation products are coming up
High-growth adoption20 to 30 percent of the potential audience has adopted COREP and FINREP in XBRL on all levels
Use of XBRL and EBA Taxonomy
EBA XBRL orvariant
No (localformats)
Other XBRL
XBRL usage at 1st level – 2017+rumours
9
The Hype Cycle Traps
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The Hype Cycle Opportunities
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The "Double Peak" of Hype Triggered by Meaningful Improvements and Adoption
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• Adoption of SSM onFINREP/COREP• Fully compliance with the XBRL standard• More nations worldwideare adopting XBRL• Higher rate of 1st level Supervisory reporting inFINREP/COREP• More requests in other Ecosystems to adopt XBRL
The Release of June 2017, Release 2.6
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• Adoption of Regulatory changes• First release which is fully in line with theactual XBRL specs (huge effort to be visionary In XBRL and at the same moment adopt at the same time to the standard in different release cycles)• A significant lead time to adopt• Very smooth, no communication peak or hype, it
gets regular• Change from EBA in mind-set from innovation to
standard release
EBA framework roadmap
14
Taxonomy TaxonomyNormal release Technical changes only
Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4
COREP 2.3.0
DPM 2.7
SBP 1.0.4
DPM 2.6
SBP 1.0.3FP 1.0.3AE 1.0.2
FINREP 2.1.5
2017 2018DPM 2.5
FINREP 2.2.0 (IFRS 9 Exposure Draft)
FP 1.0.4AE 1.0.3
COREP 2.2.3
FINREP 2.1.6FINREP 2.2.1
DPM 2.8
SBP 1.0.5FP 1.1.0
2019Q1 Q2 Q3 Q4
FINREP 2.2.2
COREP 2.3.1COREP 2.2.2
AE 1.0.4FP 1.0.5
REM 1.0.0
You are,…….., the ones to bring it into practice
