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Podcast: mapping entity relationships

Big data

Regtech enables supervisory authorities to collect and validate regulatory data from reporting entities. However, data dictionaries across jurisdictions differ, posing a problem for understanding interconnectedness in the financial system.

Central Banking is joined once again by Clément Duhamel, development and customer success manager at Invoke Software, to talk about European Central Bank's (ECB's) efforts to create the Integrated Reporting Framework. By standardising data definitions, the framework has the potential to enable supervisors to see more granular entity relationships. 

The ECB expects a series of datasets that the national authorities have to provide. As long as the ECB receives the data, the national authorities "are free to operate as they want", Duhamel says. Because implementation is defined at the national level, as a result, a lot of exchange formats exist. "So the data dictionary can also be totally different from one country to another."

Duhamel talks about the technological developments under way to resolve these differences, enabling regulators to better map and oversee the financial sector. 


0:07 Introduction

1:00 How data dictionaries can differ across European jurisdictions

2:57 Regulate//Define//Report//Perform: the four principles behind integrated reporting

5:32 Using integrated reporting to understand relationships between financial institutions

7:09 New insights into the use of financial instruments and counterparties

8:42 How supervisory authorities are preparing for the changes



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