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A new era of standardization – APAC deep dive
Building on our foundational article “A New Era of Standardization” and the EMEA-focused deep dive, this final installment turns to the APAC region—an evolving landscape marked by regulatory fragmentation, rising data demands, and stronger governance aligned with the Basel Committee on Banking Supervision (BCBS) 239 and equivalent frameworks.
This paper highlights the key drivers accelerating change across APAC: increasing pressure for granular-level reporting, the growing importance of ESG, and the need for robust data governance. These forces are prompting financial institutions to reimagine their reporting architecture—focusing on cross-jurisdictional and taxonomy coverage, flexible data models, and data mapping capabilities.
It examines how leading APAC supervisors are pushing banks toward standardized, granular and machine-readable reporting architectures—enhancing oversight, fostering collaboration among regulators, banks, and vendors, and accelerating regulatory reporting, with technology serving as a necessary catalyst in this new era of standardization.
