The deadline for many European banks to deliver a pliant European Banking Authority (EBA)REP report in XBRL is now only weeks away.However,it is not too late for them to acquire software tools to generate the required submissions and to take advantage of advanced XBRL features to check that it is 100%pliant.

With the deadlines for the first reports to be filed using the new harmonised European CRDIV reporting framework fast approaching,UBPartner announces the availability of the latest version of its XBRL Reporting Toolkit,which can be deployed in hours so that banks can generate their own XBRL reports from Excel templates.().

“Although the deadline is not far away there are still many banks and providers who need help with the nversion and checking of their XBRL submissions.The good news is that with the right software tools there is still time,”acrding to Martin DeVille,VP,Business Development at UBPartner,a leading provider of XBRL software.

“Our team is familiar with providing sophisticated XBRL technology for ernments and market regulators to process thousands of XBRL reports or to help major financial software vendors to embed XBRL capabilities into their integrated disclosure management systems,but we regnised a need for banks and for smaller regulators to have a set of simple tools that they uld deploy quickly and st-effectively.So we built the XBRL Reporting Toolkit,which can be installed on a PC in minutes and provides the re XBRL nversion,validation and error reporting features to help them deliver 100%pliant XBRL reports.The best part is that the user only needs to know what data is required to be reported in the standard EBA Excel templates.”

Simple XBRL Reporting …Fast

The UBPartner XBRL Toolkit removes the need to understand plex XBRL syntax by providing pre-mapped Excel templates.Simply load the data into the template and run the XBRL nverter Tool to generate a 100%pliant XBRL document.A plete set of validation reports alert the user to any errors in the document.There is no need for an extensive implementation project taking many months,nor does it require that nfidential information is sent over works to remote portals or services to nvert or validate the data,as the XBRL Toolkit can be installed on a local server or PC.

Exploiting the Power of XBRL

The UBPartner tools use the business rules ntained in the XBRL taxonomy to test the nsistency of the data,identify where numbers don’t add-up or where the right information has not been supplied.Any validation errors are highlighted in the specific Excel sheets and cells affected by using the XBRL Rendering Tool.The Excel documents can then be shared with lleagues to resolve any outstanding data issues.This simple approach enables anisations to improve the quality and the automation of their regulatory reporting process.

Flexible mponents

The UBPartner XBRL Reporting Toolkit is provided as a set of integrated ponents that can be nfigured to work as part of any anisation’s preferred workflow.Users can work on individual sections,validate them,rrect them and then bine these sections into a plete report.The tools can be deployed as part of an existing application using an easy to use software development kit,or they can be run via a simple batch script that can generate multiple XBRL reports.The Toolkit also includes a Microsoft Excel add-in to enable the users to interact with the tools directly while they are reviewing or preparing a report.

For Application Vendors and Service Providers

The flexible,yet powerful tools also make it simple for software vendors or service providers to embed XBRL reporting capabilities into their applications.

Ingmar Bjarnason,Managing director of Applin,a leading Nordic service provider in the financial sector mented,“I have been very pleased to see how easy it has been to use the UBPartner products,saving us lengthy and much stly development time.It means that Applin can focus on delivering our customers the plete workflow,rather than having to spend our resources understanding XBRL in detail.”

Selecting the right XBRL technology platform ensures that any investment is protected as the regulatory frameworks adapt and the XBRL standards ntinue to develop.

For Regulators

Financial market regulators have also benefited from the simple,st-effective approach taken by the Toolkit.

“We implemented the tools and trained staff to use it in a one week time-frame.At the end of the training our staff were ready to talk to banks about how to use and plete the new Excel reporting templates and then for us to nvert them,”said Neville Agius -Head Information Systems within the ICT Unit of the Maltese Financial Services Authority (MFSA).

“The tools allow us to ensure that what we provide XBRL reports to European Supervisory Authorities like ECB that are 100%pliant with the relevant taxonomies and the embedded business rules.By using XBRL,MFSA believes that it can improve the quality of the data llection system and the timeliness of making the data available to our analysts for review.“

The Longer Term

“The XBRL reporting requirements for European Financial Services and other sectors will ntinue to develop and grow,”added Martin DeVille “UBPartner is investing in the XBRL Reporting Toolkit so that it can provide a st-effective platform for all kinds of XBRL reporting.Our experienced nsultants can help firms get the most out of XBRL and provide advice on how to make it work for them,plus our work of European implementation partners and OEMs can provide an extensive range of additional functionality and local services.”

The latest version of the UBPartner XBRL Reporting Toolkit and its ponents will be made available for download from the UBPartner download web in the ing weeks for customers and partners who have current agreements.

中文新闻：利用XBRL报告工具包生成REP报告为时未晚