In conversation with… Erik Becker, Product Director at Regnology
Granular data reporting: How the SRB is operationalizing the future of regulation
For decades, regulatory reporting relied on rigid templates—thousands of fields, endlessly reconfigured with each rule change. Regulators across Europe, Asia, and beyond are steadily moving from static templates to granular, transaction, instrument- or element-level reporting.
In Europe, the Single Resolution Board (SRB) is operationalizing it through concrete initiatives, although the Integrated Reporting Framework (IReF), introduced by the European Central Bank (ECB), is planned to begin in the fourth quarter of 2029.
We spoke with Erik Becker, Product Director, about what’s behind this shift, what it means for banks, and how Regnology is helping them prepare.
What is granular data reporting—and why does it matter?
Granular Data Reporting (GDR) shifts supervision from static forms to a shared, reusable data layer. Firms submit transaction, instrument- or element-level records once, supervisors then assemble the required views and metrics themselves. The payoff is tangible: fewer duplicative templates, lower change costs, and a move toward continuous, data-driven oversight—exactly the direction many authorities are taking as they modernize rulebooks and technology stacks.
In Europe, this shift has two tracks:
The European Central Bank (ECB) has announced a revised timeline for the implementation of the Integrated Reporting Framework (IReF), with first reporting planned for Q4 2029. This updated schedule provides financial institutions with more time to adapt while reaffirming the critical importance of transitioning to granular data reporting.
The Single Resolution Board (SRB) is emerging as a frontrunner already operationalizing granularity through its own dedicated initiatives – which we will detail below.
How is the SRB operationalizing granular data reporting?
Granular data reporting in action: SRB’s MBDT and EoVC
The SRB has turned the concept of “granular” into day-to-day expectations. Two pillars stand out:
Minimum Bail-in Data Template (MBDT) provides a structured, machine-readable dataset and validation rules that can be mobilized in crisis and tested in drills. It demands high quality, transaction-, instrument- or element-level data delivered under tight timelines and is also designed to cross-check with existing SRB reporting such as the Liability Data Report (LDR) and MREL/TLAC ensuring consistency of liability structures and eligible instruments.
Expectations on Valuation Capabilities (EoVC) introduces a Valuation Data Index, a Data Repository for Resolution, and valuation playbooks — so banks can provide valuation-ready data at speed. The dataset is closely linked with existing data collections such as AnaCredit, SHS, EMIR,SFTR, as well as the SRB’s new MBDT and EBA templates such as FINREP and COREP.
Both the SRB’s initiatives and the ECB’s IReF represent a structural shift in how Europe approaches regulatory reporting—moving from fragmented templates to a unified, granular data foundation. This transformation can unlock efficiency and transparency, but only if banks strengthen their digital core: modernizing legacy systems, enforcing data ownership, and embedding quality at the source.
Erik Becker
Product Director
Regnology
These initiatives are clear signals that the SRB expects banks to be operationally ready for resolution with granular data on a much faster timeline—well before the ECB’s IReF framework comes into force.
MBDT provides a standardized format for bail-in data (November 2025, with transition until May 2026), while the EoVC outlines what institutions must be able to deliver in terms of valuation data during a crisis (expected end-2027). Both are rooted in granular data principles.
The SRB is not waiting for broader EU frameworks to mature; it is advancing with resolution-specific data models and validation rules, embedded within its wider reporting landscape. For banks, this means investing in systems that can deliver high-quality, granular data on demand.
With IReF scheduled for 2029, what does the extra time mean for banks?
IReF: A longer runway, same destination
The ECB now targets Q4 2029 for full adoption, with consultation on the Output Data Model and a detailed roadmap expected in late 2025. The delay doesn’t change the destination—integrated, granular reporting—only the speed on a longer-term journey.
The real work sits inside the bank. Teams will need to source, validate, and govern larger volumes of granular, record-level data, and expose them consistently across use cases. That means upgrading architectures, strengthening lineage and controls, and retooling processes so data can be recomposed quickly as policies evolve.
Some firms have a head start because IReF echoes other frameworks they’ve already worked with:
Taxonomy-based submissions with common data dictionaries, as seen in the approaches of the Bank of England, Banque de France, Banca d’Italia, and the Australian Prudential Regulation Authority (APRA).
Expanded granular reporting for balance sheets and interest rates, such as AnaCredit, the ECB’s Balance Sheet Items (BSI) and Monetary Interest Rate (MIR) statistics, and Hong Kong’s Granular Data Reporting (GDR).
Data collection transformation programs, like APRA’s Modernisation (APRA Connect) and the Bank of England’s Transforming Data Collection initiative.
These experiences matter. They’ve taught banks how to manage reference data, apply machine-readable rules, and automate validation—skills that will be critical for the SRB’s initiatives as well as for the ECB’s IReF.
How are regulators outside Europe operationalizing granular data?
Global momentum: APAC leading the way
The momentum is accelerating. The Hong Kong Monetary Authority (HKMA) pioneered loan-level reporting in 2019 and now publishes analytics from that dataset. The Monetary Authority of Singapore (MAS) launched its Data Collection Gateway, an API-driven platform that validates thousands of data points in real time. Australia modernized with APRA Connect, enabling open-table submissions without rigid forms.
The common thread? Regulators want richer, reusable data, and firms want to avoid the churn of redesigning templates. Europe is part of this global convergence—but the SRB is showing what that future looks like today.
How does Regnology Granular Data (RGD) help banks shift to granular data reporting?
Shield from change: Map once, report many
Regnology Granular Data (RGD) model provides a single, non-redundant, integrated global data model that supports prudential, statistical, and ad-hoc reporting across multiple jurisdictions. With RGD, banks are prepared to deliver high-quality granular reports and gain immediate efficiency by eliminating reconciliations and turning complex regulatory change into a simple data-sourcing exercise.
RGD enables firms to manage regulatory data at the most detailed level, independent of reporting formats, and supports API-driven, real-time reporting. It already helps banks comply with SRB requirements like MBDT and the current SRB’s Valuation Data Set 2020 (the predecessor of EoVC), while also preparing them for future developments such as EoVC and IReF. In short, RGD is the last reporting implementation you’ll ever need—a future-proof, unified, granular data model that keeps you ahead of regulatory change.
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The European Central Bank (ECB) has announced a revised timeline for the implementation of the Integrated Reporting Framework (IReF), with full adoption now scheduled for 2029.
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