The BPB Bank Indonesia Case Study
The Central Bank of Indonesia (BI) collects monthly financial statements from nearly 600 filing entities in that country’s Islamic Banking sector. Islamic banks operate under Sharia compliant financial rules and BI collects supervisory data using its internally developed Sharia taxonomy. XII’s Best Practices Board has published a new case study that outlines the business and technical considerations that went into BI’s assessment of XBRL as a reporting platform, through the roll out of an integrated XBRL-based reporting system and full implementation of Islamic Banking monthly reporting.
This is an interesting read for anyone keen on understanding the decision making processes prior to implementation. Of particular note is that this implementation involved multiple agencies, as midway through the process, BI experienced a structural change with the migration of certain bank supervisory functions to the Financial Services Authority. Read the case study.