New Liquidity Monitoring and Supervisory Benchmarking

The European Banking Authority (EBA) recently published version 2.3 of the CRD IV taxonomy. The announcement includes two brand new reports, supporting additional Liquidity Monitoring and Supervisory Benchmarking.

The EBA now stipulates that filings with a reference date of 30th June 2015 or later will need to be prepared against the new CRD IV 2.3 taxonomy.

How quickly can your XBRL creation software incorporate taxonomy changes?

Updates to the CRD IV taxonomy occur fairly frequently, for example the previous version 2.2 (still valid for reference dates up until 30th June) added extra reporting covering Funds Planning.

Therefore, report filers need a reliable software solution that can be easily maintained in line with the changes.

Seahorse® transparently mirrors the updated CRD IV taxonomy

Seahorse®, CoreFiling’s XBRL cloud-based conversion software for COREP, FINREP and Solvency II filing, is updated shortly after the release of each new taxonomy version, and always well before the reporting due date. As the product operates in the cloud, all taxonomy changes occur transparently, so users have no need to worry about falling behind or missing important taxonomy updates.

We are pleased to announce that version 2.3 of the taxonomy has just gone live in Seahorse.