Turning tides: Seizing the moment to embrace an open standard for regulatory reporting
Introduction
In a world of growing data and ongoing regulatory changes, the financial sector faces a big shift, highlighting the need for a reliable data standard. This white paper explores the opportunities of a standardised framework for regulatory reporting, shedding light on why past endeavours fell short in setting up a standardised data regime and drawing insights from those attempts. We now reach a point where adopting an open data standard is not just a technical change, but a necessary step to improve the accuracy, efficiency, and transparency of financial reporting and regulatory compliance. The time is now.
If you are currently working on improving your regulatory reporting processes or would like to learn more about how Suade is automating regulation for global financial institutions, then please get in touch to arrange a demo.