The European Central Bank (ECB) on 8 June announced the main milestones for the roll-out of its Integrated Reporting Framework (IReF), the programme that will consolidate the statistical reporting requirements of euro area banks into a single, standardised framework directly applicable across the euro area, and, in the long term, cut reporting burdens.
Reporting entities and regulators are constantly seeking to evolve requirements and processes to maintain financial stability. A recent podcast interviewing Invoke Software’s Joasia Popowicz touches on an upcoming evolution in the regulatory reporting world: the ECB’s plans for an Integrated reporting framework (IReF) and EBA’s plans for an Integrated Reporting System (IRS).
The European Central Bank (ECB) is moving forward in its work on harmonising statistical reporting for euro-area banks.
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