Following the majority of the European National Authorities the Central Bank of Cyprus is adopting XBRL as the only and official reporting format for Regulatory Reports under the EBA (European Banking Authority) Framework.
The first set of reports to be submitted in XBRL are the Resolution Reports which also require the SRB (Single Resolution Board) Taxonomy Extensions (March/April 2020)
The remaining of the reports will follow for the June 30th 2020 submission reference period.
Prognosys FRCS fully supports the creation and validation of XBRL reports and we are ready to assist you in complying with this new Reporting Format now mandated by the CBC.