Regulatory Reporting
By innovate-banking on Mai 21, 2023
The (slightly longer…) roadmap to IReF implementation
Last December ECB and EBA jointly published the output of a broad industry workshop “on the way forward”, based also on the results of the second cycle of the IReF Cost and Benefits Assessment (CBA), executed in September 2022. As expected, the CBA outcome showed overwhelming support across Banking industry segments, including – which was […]
By innovate-banking on September 7, 2022
BIRD and IReF: A paradigm shift in regulatory reporting
Introduction The regulations of national, European and international supervisors are constantly changed and expanded: additional information is required, requirements change, and reporting structures have to be modified. The European System of Central Banks (ESCB) has a long-term objective to improve the consistency of data collection from banks in order to reduce the reporting burden on […]