The report looks at the technological and economic factors that may lead to more automation in regulatory reporting.
We will continue to work together with the FCA to:
- explore joint work on common data standards
- commission a joint review of the legal implications of writing reporting instructions as code
- commission a joint independent review of some of technical solutions explored as part of the Digital Regulatory Reporting (DRR) pilot
- collaborate closely while engaging with industry and planning future phases.
This engagement concluded upon completion of this proof of concept. We will continue to work with businesses on fintech proofs-of-concepts whenever this may help us fulfil our mission.