Call for Input: Using technology to achieve smarter regulatory reporting

Call for input opens
20/02/2018
Call for input closes
20/06/2018
Feedback statement
17/10/2018
17/10/2018

We are publishing our response to the Call for Input on Digital Regulatory Reporting. In this Call for Input we invited views on a ‘proof of concept’ which could potentially make it easier for firms to meet their regulatory reporting requirements.

Show Feedback Statement (PDF)

Call for Input (PDF)

In February 2018, we published a Call for Input on how technology could achieve smarter regulatory reporting.

The Call for Input sought feedback on technical aspects of this proof of concept and asked for views on how it could be improved. It also sought feedback on some of the broader issues associated with the development and potential implementation of the proof of concept.

In this Feedback Statement, we:

  • summarise the feedback we received from the Call for Input  
  • set out our response to the feedback received  
  • explain our next steps 

Who this applies to

This Feedback Statement will be applicable to:

  • regulated firms
  • RegTech (technology that helps meet regulatory requirements) firms
  • FinTech (technology that helps deliver financial services) firms
  • technology and software providers
  • professional services providers
  • academics with interests in technology and financial regulation
  • financial services regulators

​​​​​​Next steps

Based on the feedback received to the Call for Input and the positive industry participation in the pilot, our current position is that implementing DRR is a concept that the financial services industry considers worth regulators investigating further.

Following the conclusion of the pilot work in November 2018, the pilot participants will publish a technical paper in Q1 2019. This paper will provide an assessment of the technologies used to develop a DRR prototype during the pilot tests.