FRSGlobal

Solution - Système Unifié de Reporting Financier (SURFI)

The requirements of the FRSGlobal SURFI application are driven by the French Commission.

After 16 years of using what is considered both heavy and obsolete, BAFI reporting will be replaced by a lighter collection of data, SURFI (Système Unifié de Reporting Financier), with the first reports due on 30th June 2010. It will harmonise monetary and banking reporting; simplify or delete duplications; and take into account BCE's regulatory requirements. It will also use XBRL (Extensible Business Reporting Language) as a standard exchange language.

FRSGlobal commits to helping you be prepared for SURFI, by

• Having the SURFI solution available in January 2010
• Supporting its customers with the use of the testing platform, ONEGATE, at the Commission Bancaire as of its opening, which is foreseen end of February/beginning of March 2010

The FRSGlobal SURFI solution will be integrated into the French country solution and comprise:

• Report templates and
• Data processes or calculation

The French Commission's published schedule for banks to meet SURFI requirements is:

The key features of the FRSGlobal SURFI solution will address the demand by the regulators for:

• 73 templates
• 900 items from the chart of accounts
• 900 calculated items from the templates
• and 23 defined dimensional attributes (up to 7 levels of imbrications)

For more information on the requirements and timelines read the SURFI comment piece » (86.08 kB)

For the latest news on the French market, have a look at the FRSGlobal France Newsletter (197.02 kB)

To ensure you are kept up to date, and receive invitations to the FRSGlobal SURFI seminars, please enter your details here »