Article

What are the key cost drivers of IReF?

When it comes to future compliance obligations, the Integrated Reporting Framework (IReF) ranks high on the list for financial institutions operating in the EU.

This new framework is intended to standardize, harmonize and integrate existing European System of Central Banks (ESCB) statistical frameworks across countries and reporting domains.

The result will be more consistent local reporting requirements, reduced discrepancies and duplications and a shift away from aggregated, template-based reporting workflows to ones defined by a constant flow of granular data.

In this article, we explore the key cost drivers that will impact financial institutions in adapting to IReF.

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