EC Holds Conference on Preparing Supervisory Reporting for Digital Age
EC held a conference on preparing supervisory reporting for digital age. This conference brought together the best in institutional knowledge, industry expertise, and academic analytical research to look at the present challenges and future opportunities related to supervisory reporting.
The conference offered an opportunity for EC to present the latest developments in a variety of its ongoing initiatives related to supervisory reporting. It included panel discussions on the reporting burden for regulated entities versus the information needs of supervisors as well as on possible tools to simplify and streamline supervisory reporting going forward. The Agenda covered the following topics:
- Presentation of the state of play of the Fitness Check of supervisory reporting requirements
- Presentation of ESMA’s initiatives on supervisory reporting
- Balancing the data needs of supervisors/policymakers and the reporting burdens for institutions
- Presentation on digital transformation and financial supervision
- Presentation by ECB on how technology may impact the needs and potential for measurement, both for businesses and for authorities
- Potential options for improving supervisory reporting in the short, medium, and long term
Related Links
Keywords: Europe, EU, Banking, Supervisory Reporting, Regtech, Conference, EC
Previous Article
ESRB Updates the Summary of National Macro-Prudential MeasuresRelated Articles
MAS Concludes Blockchain Payments Prototype Shows Commercial Potential
MAS and Temasek jointly released a report to mark the successful conclusion of the fifth and final phase of Project Ubin, which focused on building a blockchain-based multi-currency payments network prototype.
EBA Publishes Phase 2 of Technical Package on Reporting Framework 2.10
EBA published phase 2 of the technical package on the reporting framework 2.10, providing the technical tools and specifications for implementation of EBA reporting requirements.
APRA Updates Reporting Validation Rules in July 2020
APRA updated the lists of the Direct to APRA (D2A) validation rules for authorized deposit-taking institutions, insurers, and superannuation entities.
PRA to Partly Apply EBA Guidelines on Disclosures for COVID Measures
PRA updated the statement that provides guidance to regulated firms on implementation of the EBA guidelines on reporting and disclosure of exposures subject to measures applied in response to the COVID-19 crisis.
EBA Updates List of Correlated Currencies Under CRR
EBA updated the 2019 list of closely correlated currencies that was originally published in December 2013.
FASB Proposes to Delay Implementation of Insurance Contracts Standard
FASB issued a proposed Accounting Standards Update that would grant insurance companies, adversely affected by the COVID-19 pandemic, an additional year to implement the Accounting Standards Update No. 2018-12 on targeted improvements to accounting for long-duration insurance contracts, or LDTI (Topic 944).
APRA Updates Regulatory Approach to Loan Deferrals Amid COVID Crisis
APRA updated the regulatory approach for loans subject to repayment deferrals amid the COVID-19 crisis.
BCBS and FSB Set Out Recommendations for Benchmark Transition
BCBS and FSB published a report on supervisory issues associated with benchmark transition.
IAIS Sets Out Recommendations for Benchmark Transition for Insurers
IAIS published a report on supervisory issues associated with benchmark transition from an insurance perspective.
ESMA Updates Reporting Manual on European Single Electronic Format
ESMA updated the reporting manual on the European Single Electronic Format (ESEF).
