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
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Keywords: Europe, EU, Banking, Supervisory Reporting, Regtech, Conference, EC
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