XBRL reporting to EBA
(European Banking Authority)
The national supervisors inside the European Union (EU) has been delivering financial reporting data to the European Banking Authorities (EBA) for more than three years now in the XBRL format. At ParsePort we help converting financial reports
XBRL to EBA
You have many possibilities to report COREP, FINREP etc. to EBA.
Usually the reporting entity uploads XBRL data to their local authority (FSA), who will collect, validate and deliver the reports to EBA.
EBA reporting with ParsePort solutions
Auditors review and sign of XBRL
In some countries the annual banking reports need to be audited and signed off by an accountant. This makes it necessary to read and validate an XBRL file. With our XBRL Reader (link), we can simply convert XBRL back to Excel, HTML or PDF.
Next to that it’s important to know for sure that the XBRL file isn’t changed after the auditing process. This is done using a so called hash total. This can be seen as the fingerprint of a file; if the file is changed even slightly, the hash total will be entirely different. Our XBRL Reader shows this hash total as well so the auditor can check that the right file is audited and validated.