How can firms best implement Digital Regulatory Reporting?

ISDA’s Digital Regulatory Reporting (DRR) has emerged as a practical means to mutualise the cost of compliance, but how can firms harness it for a more strategic approach to data management? REGnosys CEO, Leo Labeis, explains the steps that financial institutions must take if they are to effectively implement DRR in Global Banking Regulation Review.

“As the clock is ticking on the CFTC Rewrite expected later this year, and next year’s EMIR Refit, firms must now execute their plans. This could mean making some fundamental changes across the organisation regarding data governance, technology budgets and involvement in industry initiatives.”