Sharing the results of the analysis on Data Point Modelling (DPM) Refit conducted collaboratively by ECB, EBA, EC, and SRB, collectively called the Expert Group on DPM Refit (EG DPM Refit), Juan Alberto Sánchez, ECB, emphasized that the DPM Refit metamodel showed very good coverage of the IReF metamodel requirements and could serve for hosting it. Some workarounds and small improvements were easily implemented, and others were considered out of the scope of a Data dictionary metamodel, and what is important, none of these are considered a showstopper.
⇲ More about the DPM Refit initiative, recently published DPM standard 2.0 we wrote here.
The recent ISO decision to establish a Working Group, where Michal Piechocki, CEO of BR-AG is taking one of the leading roles, for ISO 5116 strategic review to further enhance and harmonize the DPM Method reflects a nice track of collaboration between involved authorities.
Underlying the importance of dialogue and joint work with the banking industry, Massimo Casa, Banca d’Italia, has also turned attention to the need for further investment in Banks’ Integrated Reporting Dictionary (BIRD), one of the pillars of the ESCB strategy for standardizing banks’ reporting, to reduce the room for interpretation of reporting regulations. It plays a crucial role in maintaining a close connection between the data production of the reporting agents and the data collection of the authorities.