• 2020/10/06 CET
  • Webinaire

In recent years financial regulators have been struggling with the exponential growth of data. Leading industry experts shared their experiences on how they approached this challenge. 

Over the last two years alone 90% of the data in the world was generated, according to Forbes. In the context of regulatory reporting, this data explosion has been even more evident.

“In 2004, banks faced an average of 10 regulatory changes per day. This has jumped to over 100 in 2020” Regpac.com (2020)

This means that the future sustainability of regulatory reporting success is dependent on the role of the regulator evolving from that of partial administrator/data steward to that of purely supervisor.

In our virtual roundtable, leading industry and technology experts shared their experiences:

  • Joseph Oko Lartey, Assistant Director, Bank of Ghana
  • Declan Collins, Digital Reporting Specialist and ex-Head of Software Development at Central Bank of Ireland
  • Ryan Flood, Chief Technology Officer

The key takeaways included: 

  • The evolution and challenges of regulatory reporting
  • The business case for machine-to-machine reporting
  • Case Study: Data on demand - API-based data collection by the Bank of Ghana

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