In the late months of 2020, the Bank of England announced that the submission of statistical data would be moved to the Bank of England Electronic Data Submission (BEEDS) portal, making it possible for firms to complete and file data submissions online. Subsequently, in 2021, the BoE confirmed that the change in the filing of statistical data would require a much bigger vessel: the move from XML to XBRL.
Continue readingOne step closer to IFPR – the FCA publishes its second consultation paper on the new regime for investment firms
In 2018, the European Banking Authority set out to provide investment firms with a less burdensome prudential regime. As a result of many considerations circling around compliance and reporting issues, the Investment Firms Regulation and Directive was introduced: in short, the IFR/IFD package.
Continue readingOverview of the data collection transformation in the UK financial sector
Amongst the turmoil of the ravaging pandemic, the Bank of England published a report on transforming data collection from the UK financial sector, laying out the principles for reshaping data transformation over the next decade.
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