RRDS 28: International, UK & EU regulatory reporting strategy alignment

JWG’s 2021 regulatory reporting research programme has concluded that the industry needs to step back and agree the digital vision for regulatory reporting. So far this year we have had over 20 firms, 10 suppliers, 7 regulators, 5 trade bodies and 3 academic institutions help align ‘top down’ and ‘bottom up’ risk data collection challenges and solutions.

 

Though concepts have been proven and studies generally align, without a more concrete description of the future risk information system which extends today’s notion of ‘data’ to include ‘language’ regulatory data efforts will continue to cost tens of billions while failing to achieve their policy objectives.

 

By aligning aggregated reporting (e.g., CRR 430C, ESG) and transactional data collection (e.g., EMIR, MiFID, CSDR) implementation plans we can achieve immediate gains in 2022. Come listen to the argument, challenge the plan and let the sector know how you can help!

 

You can download the previous minutes and presentation with your JWG login. Corrina.stokes@jwg-it.eu will be happy to help with access issues.