Latvian financial supervisor，FCMC，showed off an end-to-end data llection，validation，rendering and analysis system at the 2015XBRL EU meeting in Madrid。It takes European Agency taxonomies and nstructs forms for data entry as well as Business Intelligence templates and reports for use by supervisors。

The Latvian regulator has implemented Solvency II and CRD IV reporting using this taxonomy-driven approach。It allows financial institutions to submit XBRL directly，or use forms generated from the taxonomy，and applies the validation rules ntained within that taxonomy。Off the shelf tools and a relatively short period of systems integration has resulted in an affordable system that allows this supervisor to navigate the changes in European regulation very effectively。

中文新闻：拉脱维亚成功推出XBRL应用系统