Session Details
Digitalisation of risk data collection

Presenting Speakers

About the Session

Regulators have set their sights on better risk information sharing and data collection and JWG argues that Digital Regulatory Reporting (DRR) is here to stay. How will the next decade of transparency force an alignment of granular trade and prudential data collection?

Regulatory Challenges
  • Bank of England transforming data collection from teh UK financial sector here
  • European Commission supervisory data strategy here
  • EBA 430C: feasibility report on the integrated reporting system here
  • Prioritizing post Covid regulatory safety, transparency and accountability needs
  • JWG NextGen regulatory reporting Q2 21 progress update here
New RegTech/SupTech drivers
  • Building macro-pictures, analysis and simulations¬† straight-through from granular, operational data
  • The measurement-and-analytics chain must be automated for speed; parts of it must perform real-time, global
  • Hard standardisation through infrastructure: one fact, one representation only, accurate real time, used by all
  • Linking business glossaries to reporting obligations through disambiguated natural language