Progress report: New ISO 20022 regulatory compliance initiatives
Regulators and market overseers are more conscious of the benefits of standardisation than ever before. They have realised the advantages of clearly identifying the data elements needed on regulatory reports using the standard definitions that are already familiar to their regulated institutions, and the discussions are now leading to specific actions. Organisations such as the European Central Bank (Money Market Statistical Reporting) and the Russian Corporate Payments Market Practice group are publishing information requirements with specific reference to ISO 20022 data definitions. Attend this session to hear more details about how and why this pattern is likely to develop, and what benefits it will bring to both regulator and regulated institutions.