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Saturday 20 September 2014

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FINREP


 

FINancial REPorting is designed for credit institutions that use IFRSs for their published financial statements and provide similar information in the periodic prudential reports they are required to submit to their supervisory authorities.

In order to provide its members with a state-of-the-art FINREP taxonomy, the Committee of European Banking Supervisors (CEBS) has set up a FINREP Project Team. The FINREP taxonomy is based on the IFRS Taxonomy developed by the IFRS Foundation.