| Austria |
| 01.01.2008 |
total |
http://www.ris.bka.gv.at/ |
01.01.2008 |
Q |
|
All banks according to § 59a Austrian Banking Act |
Both |
National GAAP / IFRS |
No (XML is possible from now on in accordance with the industry's needs and will be discussed) |
|
| Belgium |
| 01.01.2006 |
total |
PPB-2007-3-CPB-spreadsheet |
N/A |
Q |
The CBFA requires approximately the same information as is available for the public. Counterparty and geographical breakdowns as well as detail on equity instruments are required in some tables. |
credit institutions |
N/A |
CRD |
Yes, compulsary |
Belgian extension of FINREP version 1.2 |
| Bulgaria |
| 31.01.2007 |
phased roll-out |
|
31.12.2007 |
S |
The framework is used for supervision both on a solo and on a consolidated level. On a solo basis the Core Information will have to be reported on a monthly basis while
Non-core Information the reporting frequency is quarterly. XBRL use does not feature reliable initial date. |
Banks |
Solo and consolidated |
Supervisory Consolidation |
Planned |
N.A. |
| Cyprus |
| Not implemented |
|
|
|
|
|
|
|
|
|
|
| Czech Republic |
| 01.01.2007 |
total |
http://www.cnb.cz/www.cnb.cz/cz/legislativa/predpisy_CNB/predpisy_menove_bank_stat/vykazy_metodika_2007/metodika.html |
N/A |
Q |
The Balance Sheet Statement and the Income Statement were fully borrowed. Some detailed tables became part of special report on the suplemented information to financial reports or were included into the basic income statement (staff and other administrative expenses, fee and commission income and expenses). The format of tables was changed to be acceptable by technical means used for the data collection.
The framework is also used on a solo basis (with a monthly reporting frequency) and for investment firms (with a quarterly reporting frequency). |
The new reporting framework is implemented for banks and investement firms. The saving cooperatives submit only basic Balance Sheet Statement a Income Statement |
The same reporting framework is used for both solo and consolidation version. |
Cross-border and cross-sector consolidation excl. insurance companies. |
No |
|
| Germany |
| Not yet finalized |
total |
N/A |
end of 2008 |
A |
|
all |
all institutions are subject to the same system of supervision in which the concept of proportionality is of course embedded. |
IAS / IFRS |
planned |
Not applied |
| Denmark |
| Not implemented, DK does not use IFRS for prudential reporting |
|
http://www.finanstilsynet.dk/sw23336.asp |
|
|
|
|
|
|
|
|
| Estonia |
| 01.01.2008 |
roll-out |
Not published yet |
01.01.2008 |
Monthly |
|
No distinction is made |
No distinction is made |
IAS/IFRS |
No |
Not applicable |
| Spain |
| Not yet finalized |
|
|
|
|
|
|
|
|
|
|
| Finland |
| 01.01.2009 |
total |
|
N/A |
Q |
|
none |
none |
Both IFRS and FAS |
Not yet decided |
|
| France |
| 30.06.2007 |
Roll-out |
|
31.12.2007 |
S |
|
Credit institutions, investment firms, financial holding companies |
On a consolidated or subconsolidated basis |
CRD - Prudential (CRBF 2000-03 regulation) |
Yes, compulsory |
FINREP taxonomy version 1.0 |
| Hungary |
| Not finalised yet |
|
|
01.01.2009 |
|
|
|
|
|
|
|
| Iceland |
| 01.01.2006 |
Total |
Not yet published on our webside. Only available for financial undertakings. |
N/A |
Quarterly |
Additional information required |
Applicable to all Financial Undertakings which have received an operating licence cf. Act 161/2002 on Financial Undertakings, Article 4, paragraph 1, points 1 to 3 and 5 to 7, i.e.commercial banks, savings banks, credit undertakings, securities companies, securities brokerages and management companies of UCITS, and consolidated undertakings where the parent undertaking is one of the undertakings mentioned above. |
Solo and consolidated supervision |
IFRS |
Not yet |
|
| Ireland |
| 30.03.2007 |
Total |
http://www.financialregulator.ie/ |
N/A |
Quarterly |
Credit Institutions availing of Article 152(8) of the CRD will continue to report using the Financial Regulator's Prudential Return framework for 2007. Those institutions not availing of Article 152(8) and prepare their accounts under international accounting standards (IAS/IFRS) are requested to complete the core and detailed FINREP templates comprising the income statement and balance sheet, and Tables 3 and 8 on derivatives, and Table 36 on loan and other commitments, for the four reporting calendar quarter ends commencing with 30 March 2007. The income statement is requested for both the financial half-year and full year. |
Credit Institutions |
Individual and group |
IAS/IFRS |
Yes, optional |
FINREP Taxonomy Version 1.0 |
| Italy |
| 31.12.2005 |
Total |
http://www.bancaditalia.it/vigilanza_tutela/vig_ban/norma/istr_vig/consolid |
31.12.2005 |
Semi-annually |
On individual level the first date of application is 31.12.2006. The frequency is semiannually. |
All Italian banking groups according to "1993 Banking Law" |
Consolidated/Individual |
IAS/IFRS |
No |
N/A |
| Liechtenstein |
| Not implemented |
|
http://www.gesetze.li/get_pdf.jsp?PDF=2006280.pdf |
Not yet available |
|
|
|
|
|
|
|
| Lithuania |
| 31.12.2007 |
total |
LBV-121, 28 09 2006 |
N/A |
Quarterly |
FINREP is used for collection of the financial information in order to carry out supervisory tasks |
Applicable to all commercial banks and the Central Credit Union licensed by the Bank of Lithuania |
Solo and consolidated |
CRD |
Yes, compulsory |
XBRL 2.1 dimension 1.0 |
| Luxembourg |
| 01.01.2008 |
Total |
http://www.cssf.lu/index.php?id=191 |
N/A |
Quarterly |
FINREP is used for the collection of the periodic financial information the CSSF gathers to form part of the basis for its ongoing prudential supervision. FINREP is used both on a consolidated and solo basis. In the latter case, it is required to report the balance sheet statement on a monthly frequency and the income statement on a quarterly frequency. |
N/A |
Supervision on consolidated and solo basis |
prudential |
Yes, compulsory |
Not available |
| Latvia |
| Not implemented |
|
|
Not yet available |
|
|
|
|
|
|
|
| Malta |
| Not implemented |
|
|
|
|
A decision was taken by the Authority not to implement the CEBS Framework for Consolidated Financial Reporting (FINREP) for the time being. However, this decision is not a final one and should the Authority deem that circumstances have changed then it would consider reviewing the situation in order to verify whether or not FINREP will be implemented. It is pertinent to point out that Malta adopts full compliance with International Financial Reporting Standards (IFRS) and International Standards on Auditing (ISA) through its Companies Acts (Chapters 386 and 383 of the Laws of Malta). Furthermore, credit institutions are required to submit statutory financial information on a monthly, quarterly, semi-annually or annually in line Banking Directive BD/06 - Statutory Financial Information to be submitted by credit institutions. Paragraph 8 explicitly states that ‘Credit institutions shall prepare all returns under the directive on an accruals basis and in accordance with the requirements of the International Accounting Standards as issued from time to time by the International Accounting Standards Board. However in certain instances, due to statistical/prudential requirements, credit institutions are required to submit the returns in accordance with specific requirements as detailed in the appendices’. |
|
|
|
|
|
| Netherlands |
| 01.01.2007 |
total |
http://www.dnb.nl/dnb/home/toezicht/nieuwe_toezichtwetgeving/wet_op_het_financieel_toezicht/naslag/toezichthoudersregels/nl/12-109987.html |
N/A |
Quarterly |
Applicable to all credit institutions |
Credit institutions (the application of the guidelines for investment firms is less voluminous compared to the one for credit institutions |
Applicable to all credit institutions. The reporting forms the basis for the risk based supervision. |
IAS/IFRS |
Yes, optional |
Version 1.0 |
| Norway |
| Not yet finalised |
|
|
|
|
|
|
|
|
|
|
| Poland |
| Not yet finalised |
total |
|
30.06.2007 |
Quarterly |
FINREP also forms the basis of the prudential reporting of financial information for the supervision on a solo level. At this level the reporting frequency is monthly. |
Whole Banking Sector |
On a consolidated and solo basis |
IAS/IFRS |
Yes, compulsory |
Version 1.0 |
| Portugal |
| Not implemented |
Instruction no. 23/2004
Instruction no. 18/2005 |
|
|
|
|
|
|
|
|
|
| Romania |
| Not finalised yet |
|
|
Not yet available |
|
|
|
|
|
|
|
| Sweden |
| Not yet finalized |
phased roll-out |
|
Not yet decided |
Quarterly |
|
|
|
|
|
|
| Slovenia |
| 01.01.2006 |
total |
Regulation on Books of Account and Annual Reports of Banks and Savings Banks |
31.12.2006 |
A |
The direct adoption of the IFRS in both separate and consolidated financial statements by credit institutions (FINREP's core information) first for the financial year beginning in 2006, tables 1.1, 1.2, 1.3 and 2 should be on solo bases reported monthly. |
No distinction is made between credit institutions. |
Supervision on solo and consolidated basis. |
The supervison of credit institutions on a consolidated basis and IFRS framework. |
No |
N/A |
| Slovakia |
| 01.01.2007 |
total |
http://www.nbs.sk/ |
N/A |
semi-annually |
|
No distinction is made |
Only supervision on consolidated basis |
IAS/IFRS |
No |
N/A |
| United Kingdom |
| Not implemented |
|
|
|
|
|
|
|
|
|
|
