Panel discussion: Harmonized and granular European reporting

There have been two significant trends in the regulatory reporting space for a decade or so. One is a trend towards more harmonization, with the EBA leading the efforts across Europe. Another trend is towards more granular reporting such as Analytical Credit Datasets (AnaCredit) and Statistics on Holdings of Securities Reporting (SHS).

These trends will continue for some time, but how far will they go? How fast will they become reality? What will the future look like? What are the upsides and what are the risks?

Hear supervisors and banks discuss the trends and implications in regulatory reporting:

• The current status for Integrated Reporting Framework (IReF) and Banks’ Integrated Reporting Dictionary (BIRD)
• The main changes regarding the reporting processes
• How the changes affected processes, systems and people in regulatory reporting, and what the benefits are
• Real use cases and key takeaways of AuRep from Erste Bank

Speakers

One of the keys for the success in Austria was this common collaboration and permanent exchange. Not only does the national bank require things and banks need to do it, but really to exchange on the process and data models.

Markus Cevela, Managing Director/Head of Statutory Reporting Austria, Erste Group Services

IReF really follows a very strong call from the banking industry, with the motto, "define once; report once". So it's really important to make the IReF successful because that may condition further integration.

Olivia Hauet, Adviser/Monetary Policy Department/Statistics Division, Sveriges Riksbank

It will be a fundamental shift from a template-based reporting down to a very granular data model […] where the provided information will be significantly more granular and more transparent also to the regulator.

Christian Mueller, Head of Regulatory Reporting, UBS Europe SE