EBA欧洲银行-Final_CP06revAnnex2__19页_161kb

报告摘要

Summary of FINREP Implementation Guidelines (July 2007)

Core Content

The Guidelines for the Implementation of the Framework for Consolidated Financial Reporting (FINREP) are designed to assist credit institutions in preparing consolidated supervisory financial returns under IAS/IFRS. These guidelines are not an interpretation of IAS/IFRS but a standardized reporting framework aimed at increasing comparability of financial data across European supervisory authorities.

FINREP is based on International Financial Reporting Standards (IAS/IFRS), which have been endorsed by the European Commission as of December 31, 2006. It includes both core and non-core information, with core information representing the minimum required for consolidated prudential reporting. Non-core information provides additional details and is used to enhance standardization and comparability among supervisors.

The framework includes a set of tables that provide detailed, standardized financial data. These tables are used to break down financial information in accordance with IAS/IFRS disclosure requirements or common practice, and some are specifically designed to align with the Common Framework for Reporting of the Solvency Ratio (COREP).

Main Points

Scope of Application:
FINREP is used by credit institutions when preparing consolidated supervisory financial returns under IAS/IFRS, as required by their national supervisory authority. It is not mandatory, and national authorities may choose to apply it or not. If applied, they must at least require core information.
Structure of FINREP:
FINREP is composed of two sections:
- Core information: Minimum required data, including consolidated balance sheet and income statement.
- Non-core information: Additional data that may be required by national authorities to enhance standardization and comparability.
Reporting Frequency:
Reporting frequency is determined at the national level and may vary for core and non-core information. Some tables may be reported less frequently than others.
Accounting Conventions:
- Trade date vs. Settlement date: Credit institutions may choose either method unless national authorities require a specific one.
- Accrued interest and interest rate margin: FINREP allows for either clean or dirty pricing, and national authorities may standardize the interest rate margin calculation.
Link to COREP:
FINREP includes specific tables and breakdowns to ensure compatibility with COREP, particularly for prudential own funds calculations and data linkage.

Key Tables and Their Purposes

Table	Purpose
1.1, 2, 13	Investments in subsidiaries accounted for using the equity method
1.2, 14, 15, 16	Deposits from credit institutions
1.3	Equity component of financial instruments and treasury shares
2	Interest income and expenses, impairment, dividend income, and provisions
3, 8	Derivatives (carrying amount and gross notional amount)
5	Available-for-sale financial assets (fair value and impairment breakdown)
6	Loans and receivables, held-to-maturity investments (unimpaired and impaired)
7	Impairment and past due assets (age of past due assets)
9, 10, 11	Tangible and intangible assets (Property, Plant and Equipment; Investment Property; Goodwill and other Intangible Assets)
12	Investments in associates, subsidiaries, and joint ventures
17	Derecognition of transferred financial assets and associated liabilities
21	Realised gains and losses on financial assets and liabilities not measured at fair value through profit or loss
33	Repurchase agreements, reverse repurchase agreements, and related agreements
38	Statement of changes in equity

Additional Information

Core Information Tables:
- Consolidated Balance Sheet: Includes assets, liabilities, and equity.
- Consolidated Income Statement: Includes income and expenses from continuing and discontinued operations.
Non-Core Information:
Provides additional quantitative and qualitative details, such as economic sector allocations, revaluation reserves, and detailed breakdowns of financial instruments. It is optional at the national level.
Specific Accounting Rules:
- Derivatives: Must be reported by type of underlying risk. If influenced by multiple risks, they are allocated to the most risk-sensitive type.
- Available-for-Sale (AFS) Financial Assets: Must be broken down into fair value and impairment details, with cumulative losses reported in the income statement.
- Loans and Receivables: Must be split into unimpaired and impaired assets, with allowances for individually and collectively assessed financial assets disclosed separately.
Tangible and Intangible Assets:
These are reported in a standardized format, with the option to use either the cost model or the revaluation model. The choice of model affects the required tables.
Repurchase Agreements:
These are not presented separately on the balance sheet, but detailed in tables 33, with sub-tables A, B, C, and D providing specific information on the nature of the transactions, collateral, and financing.

Conclusion

FINREP aims to ensure standardization, comparability, and transparency in the financial reporting of credit institutions. It provides a structured approach to presenting financial information, with a focus on prudential reporting and alignment with COREP. While it is based on IAS/IFRS, it introduces specific reporting requirements and conventions to meet supervisory needs. The use of tables is central to the framework, offering detailed breakdowns of financial instruments and related items. National supervisory authorities retain discretion in the application of these guidelines.

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