This SUERF policy note, written by Regnology, outlines a possible approach for a modern regulatory reporting regime and challenges given structures in the regulatory landscape. Based on current regulatory processes, we have developed a concept for a blockchain/DLT-based reporting regime that could improve micro and macro-prudential banking supervision.
We argue that the transformation towards distributed ledger-based reporting might enable financial market regulators to meet their objectives more efficiently and effectively. We further show how our concept embeds regulatory content in smart contracts. These smart contracts may automatically send timely, granular, high-quality, and inter-entity matched information on all financial market transactions to the required parties.
SUERF is a network association of central bankers and regulators, academics, and practitioners in the financial sector. The focus of the association is on the analysis, discussion and understanding of financial markets and institutions, the monetary economy, the conduct of regulation, supervision and monetary policy. SUERF’s events and publications provide a unique European network for the analysis and discussion of these and related issues. SUERF Policy Notes focus on current financial, monetary or economic issues, designed for policy makers and financial practitioners, authored by renowned experts.
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