Inside insights from the EBA on DPM 2.0
The data collection systems and processes at the European Banking Authority (EBA) and European Insurance and Occupational Pensions Authority (EIOPA) are currently undergoing a major overhaul to enhance their efficiency and effectiveness. In an in-depth interview with the EBA, we catch up on progress so far, learn what the initiative will mean for a range of stakeholders, and take a look into the future. We know many of our readers are following these developments with interest, so don’t miss these vital insights, direct from the EBA.
The current initiative aims to enhance flexibility, harmonise reporting, and improve efficiency. The EBA affirms that the final DPM 2.0 metamodel has been published, and is now being piloted in selected reporting frameworks, prior to implementation across the entire EBA Reporting Framework v4.0.
The interview also reflects on the co-evolution of the DPM and the XBRL Standard in enabling more streamlined reporting. The EBA is currently transitioning from the xBRL-XML format to the more compact xBRL-CSV, aiming for completion by the end of 2025, and emphasises the importance of XBRL to the regulator: “The EBA underscores its dedication to maintaining eXtensible Business Reporting Language (XBRL) as a fundamental component of our regulatory reporting framework.”
Read the full interview here.
