Report Once – ESMA’s Simplification Plan for Regulatory Reporting

As A-Team Insight, from A-Team Group explains, ESMA’s latest report turns the long-running industry case for “report once” transaction reporting into a staged policy programme for rebuilding EU reporting around reusable, controlled transaction data.

European Securities and Markets Authority (ESMA) estimates the reforms could deliver €250 million to €1 billion in annual net savings, alongside a 22% to 24% reduction in recurring operating costs.

Our CEO and Founder, Laurent-Olivier Labeis, spoke to Adrian Sharp about what it will take to turn this ambition into practical implementation.

As Leo highlights, making “report once” work in practice without losing the detail supervisors need will depend on common data models, Digital Regulatory Reporting (DRR)and shared standards such as the Common Domain Model (CDM).

With the foundations already in place, the opportunity now is to build a practical framework that improves data quality while reducing operational burden.

Read A-Team Insight’s full article: https://a-teaminsight.com/blog/report-once-esmas-simplification-plan-for-regulatory-reporting/

Learn more about the latest development in the CDM ecosystem: https://regnosys.com/products/regnosys-brings-fix-into-the-cdm-ecosystem/