IRef & BIRD to help banks standardise data reporting

Data collection is a tiresome and costly process for any bank. To minimize the trouble connected with reporting and delivering high-quality data to relevant institutions, the European System of Central Banks (ESBC) and its Statistics Committee (STC) are standardizing banks’ data reporting. Therefore, the ESBC decided to implement Integrated Reporting Framework (IReF) and support the initiative of Banks’ Integrated Reporting Dictionary (BIRD).

Continue reading