FRSGlobal

Revised guidelines on Financial Reporting (FINREP)

Held on :

20^th October 2010

The aim of FINREP has always been to harmonise the financial reporting within the member states to improve comparability. It became however apparent that the large number of national discretions has prevented to reach this goal.

In an effort to streamline the financial reporting and to improve the convergence and harmonisation within the member states, the Committee of European Banking Supervisors (CEBS), published revised guidelines on financial reporting.

The aim is to implement these guidelines in 2012. The impact on financial institutions will be great initially as they will have to introduce new templates once again.

During this webinar, Niamh Neary, FRSGlobal CoR²Expert, presented the main policy changes and their impact:

Maximum data model
Reduced templates
Streamlined reporting
Frequency and remittance dates
IAS/IFRS amendments

Comment piece:
"CEBS pushes forward with reporting harmonisation agenda" »

FINREP

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