Risk Assessment Working Group

The research of the Working Group on Risk Assessment of the ECCBSO is dedicated to credit risk modeling and measurement.

Credit Risk Assessment Revisited: the collection of papers contained in this publication shows well the spirit behind the work of this group. The papers do not only address concrete and timely problems in credit risk assessment from a purely methodological side but also study their practical implications.

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Bach Working Group

Several economic studies have been based on BACH database.

Publications_BACH: to see a review of these publications collected by ECCBSO. If you aware of any other publications available you are kindly invited to inform BACH WG representatives.

THE FINANCIAL POSITION OF SMES IN MANUFACTURING: This analysis is derived from BACH and ESD databases. It provides some general trends about the financial position of small and medium manufacturing enterprises (SMMEs) in six European countries. The results point out some differences and show the limits of this exercise of comparison.

ECB – 8th Structural Report: on may 2007, ECB published the 8th Structural Report on “Corporate Finance in the Euro Area” in which an extensive use of BACH database is made. You can get access to the report itself through the ECB site from the following link.

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III Working Group on IFRS impact and CBSO databases

List of documents presented to the ECCBSO Plenary Meeting Dresden, October 2009:

IFRS impact: This document annually updates the first one, produced in 2001, with the latest news in the IFRS implementation process in Europe, in its Member States and in the national CBSO. This year the document also contains a breif first assessment of IFRS SME.

Quick guidebook to IFRS: The aim of this document is to a quickly and briefly report on the most recent changes to IFRS, the IASB work plan, the alternative accounting treatments allowed by IFRS and how to measure assets according to IFRS

Monitoring the EU initiative on the reduction of the reporting burden of non-financial corporations: The document updates the one created in 2008, with the latest developments in this area, both at a European and a national level. It devotes separate chapters to the relationship between taxation and accounting and to explain how XBRL can help in this EU initiative.

Standard IFRS-compliant formats. Impact of IFRS issued in 2008: The content of this document and its annexes is focused on describing the IFRS-compliant formats created by the III WG (extended and reduced) as well as on explaining futher work carried out with them when creating XBRL taxonomy and ERICA databases.

• Annex 1 Impact of IFRS issued in 2006 and in the formats and in the databases


• Annex 2 Standard format – extended


• Annex 3 Standard format – reduced


• Annex 4 Methodological note of the reduced format

Use of IFRS real case: tentative analysis with ERICA database:An analysis with data obtained from ERICA 1 database, composed of a sample of around 120 European listed consolidated groups, is discussed in this document. The analysis is focused on coverage of the sample, fair value impact and financial structure. Finally, the document contains a map with different analysis that can be achieved with both individual an consolidated financial statements.

XBRL in European CBSO: The foreseeable and present use of XBRL in the countries and in the BBSO belonging to the III WG is summarized in this document, together with a short introduction to XBRL.

Stock-taking exercise on accounting and legal deposit requirements in Europe: Firstly, the document describes the accounting regulation in the members of the CBSO and the legal deposit obligations by country (and the formats related to it, if any). The current obbligations of SME and Micro-Entities are disclosed in detail in a separate chapter.

ERICA 2 dataset: Those CBSO with an existing database of consolidated financial statements (Austria, France, Germany and Italy) decided to broaden the analysis of IFRS-based financial statements with the creation of the ERICA 2 database. This document discloses the work performed so far on this project..

Other documents:

Comment letter to the Discussion Paper Preliminary Views on Financial Statements Presentation : One of the main tasks of the III WG involves the assessment of the documents iussed by the IASB and to react to those of high relevance. Accordingly, in April 2009, the III WG submitted a comment letter to the IASB regarding the Discussion Paper on financial statements presentation

Proposed working-plan for 2010-2011

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Study Group

Research undertaken by the Study Group (under the former name "Own Funds Working Group")

Delbreil, M. et al (2005): Net Worth at Risk

Delbreil, M. et al (2000): Corporate Finance in Europe from 1986 to 1996

Delbreil, M. et al (1997): Equity of European Industrial Corporations

Publications associated with the Study Group:

Mouriaux F., Foulcher-Darwish S.: Corporate equity and financial stability:An approach based on net worth at risk, Banque de France, Financial Stability Review, No. 8, May 2006

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