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FSI Insights on policy implementation No 13

This paper covers regulatory reporting initiatives at 10 financial authorities that are implementing or have implemented innovations in their data collection frameworks. Most authorities are implementing innovations in terms of data standardisation and granularity of required
reporting data. Around half are implementing innovations in the means of data transmission and transformation rules. Only a few authorities, however, are implementing innovations in the format of required reporting data or actively accessing data from financial institutions. As data standardisation provides a foundation for improvements in the regulatory reporting process, innovations in transformation rules always occur alongside data standardisation and almost all of the authorities aiming at granular
reporting are also implementing data standardisation.

Bank of International Settlements
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