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Welcome on the Bank and Insurance WG webpage!

The Bank and Insurance Working Group has been created in 2008 to contribute to the regulatory reporting process for the banking and insurance sectors in Europe (institutions under supervision of EBA/ECB and EIOPA), with the following main objectives:

  • Gather and share experiences and lessons learned from preparers
  • Liaise and facilitate the dialogue between various stakeholders related to COREP, FINREP and Solvency II

Since 2019, with a renewed mandate and team, the group has monthly meetings.

The next meeting BIWG2020-4 will be held by phone on 15th April, 2.30pm CET . SPECIAL CALL FOR THOSE WHO ARE AVAILABLE TO WORK ON THE PROOF OF CONCEPT.

Please join the meeting from your computer, tablet or smartphone.
www.gotomeet.me/fizreg

You can also dial in using your phone. Access Code: 141 962 021 #.
Austria: +43 7 2081 5427 Belgium: +32 28 93 7018  Denmark: +45 32 72 03 82
Finland: +358 923 17 0568 France: +33 170 950 594 Germany: +49 692 5736 7317 Ireland: +353 15 360 728 Italy: +39 0 247 92 13 01 Netherlands: +31 207 941 377 Spain: +34 932 75 2004 United Kingdom: +44 330 221 0088 United States: +1 (646) 749-3129

MINUTES OF OUR MEETINGS (2020):
> 2020-1[05FEB] +POWERPOINT
> 2020-2[05MAR] +POWERPOINT
> 2020-3[02APR] +POWERPOINT

MINUTES OF PREVIOUS MEETINGS (2019):
> 2019-1[17JAN]
> 2019-2[08FEB] +NEWS +UDPATE +SBS
> 2019-3[29MAR] +SBSTAXO(draft) +VALUETRACKCHANGE(draft)
> 2019-4[24 APR] +PENSIONFUNDS +VALUETRACKCHANGE(reviewed)
> 2019-5[28MAY] +NEWS +VALUETRACKCHANGE(letter)+(final)
> 2019-6[25JUNE] Updated minutes including SBS remarks
> 2019-7[16JULY] +NEWS
> 2019-8[25SEP] +NEWS +USECASE(initial)
> 2019-9[31OCT] +NEWS +USECASE(tolaunch)
> 2019-10[29NOV]


The 2020 mandate and roadmap is presented below.
Based on the 2019 initial mandate, it has been reviewed during our first meeting of the year.

MANDATE/ROADMAP FOR THE BANK & INSURANCE WORKING GROUP IN 2020
I) Share news on the updates and modifications of the taxonomies for banking and insurance
[continuation of previous years]
Entry by taxonomy owner (EBA, EIOPA, ECB, SRB)
– Discuss roadmap
– Discuss technical issues (validations, wrong modelling)
– Follow agenda of change/update
– Share on implementation issues (new standards, changes in filing process)
II) Exchange points of view from filers, regulators, service providers on reporting concepts/process
[central task in 2020]
Entry by business concept / semantic (transversal)
– Work on a Proof of Concept : XBRL is the appropriate technology for both aggregated and granular data
– Understand and define concepts in a business minded way (link with BIRD)
– Deal with high volume of data (link with XBRL CSV)
[continuation of 2019]
Share on Baking/insurance XBRL initiatives
-Bank Statements Standardisation (NL SBR Baking Experience)
III) Link between ESEF and banks/insurance
[later in 2020, as ESEF is presently discussed in transversal groups]
IV) Extend contacts with industry members and representatives